Business & Finance

-By Kenny Folarin The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate unchanged at 13.5 per cent. The CBN Governor, Mr Godwin Emefiele, announced the decision of the committee at…
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The Group Managing Director of the Nigerian National Petroleum Corporation, Mr. Mele Kyari, has said that the collaboration between the corporation and other oil companies in Nigeria has helped in sustaining the country’s Gross Domestic…
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In what may appear to be another boost for the country’s image abroad, the World Bank has placed Nigeria in 131 position globally on its 2019 Ease of Doing Business ranking, moving 15 places from the 146 position it was in 2018. …
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The Executive Vice President of China National Offshore Oil Corporation (CNOOC), Mr. Lu Yan Ji, said the company has invested over $16 billion in Nigeria’s oil industry and described Nigeria one of its largest investment destinations. …
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-By Gideon Osaka The recent directive by the Securities and Exchange Commission, SEC, to Oando Plc, to appoint new directors and hold a general meeting by July 1, 2019, thereby compulsorily resigning the Chief Executive Officer, Wale…
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The Authority of the Economic Community of West African States (ECOWAS), alongside Heads of States and Governments, has adopted a flexible single currency ‘Eco’ as its trade currency to be issued by January 2020. This comes…
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Nigeria lost N44.6bn as a result of the drop in oil revenue occasioned by the shut-ins and shutdowns of some terminals by the Nigerian National Petroleum Corporation (NNPC) in April 2019, latest data obtained from the Central Bank of…
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Nigeria’s four refineries operated at just 5.55 per cent of their combined nameplate capacity of 445,000 barrels daily (b/d), according to latest data released by Nigerian National Petroleum Corporation (NNPC), underlining that the…
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Shareholders of Oando Plc yesterday slammed the Securities and Exchange Commission, SEC, over the suspension of the company’s 2018 Annual General Meeting, AGM, barely 24 hours to the meeting. They stressed that the cancellation without…
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The Securities and Exchange Commission (SEC) on Sunday said that Oando Plc was given sufficient opportunity of being heard before they were penalised. The commission said in Lagos that there were various opportunities by the company…
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