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NIGERIAN BUSINESS NEWS
On Friday, Ellah Lakes Plc announced the acquisition of Telluria Limited, a development that brought a major change in the Management of the former.
The Federal Government said it has no plans to return to Eurobonds market this year. The Director-General of the Debt Management Office (DMO), Patience Oniha, disclosed this yesterday while speaking during the Islamic Finance Conference in Lagos.
The National Engineering and Technical Company Limited (NETCO), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has declared the sum of N6.75 billion as profit before tax for the year ended 31st December 2018.
Nigeria is losing as much as 300,000 metric tonnes of sugar to smugglers every year, according to Africa's richest man and the Chairman of Dangote Sugar Refinery Plc Alhaji Aliko Dangote.
The Securities and Exchange Commission (SEC), is committed to using fintech to grow financial inclusion. This is according to SEC's Acting DG, Mary Uduk.
The Federal Government has offered for subscriptions another N100 billion bonds. According to a circular made available to the public, the Debt Management Office (DMO) disclosed that it has been authorised to receive applications for the bonds subscription.
The Lastest report released by the National Bureau of Statistics (NBS) has shown that the average price per litre of Kerosene in Nigeria decreased to N315.91 in May 2019, down from N316.26 recorded in the month of April.
The Nigerian National Petroleum Corporation (NNPC) has disclosed that Nigeria's crude oil has exceeded the 2.3 million barrels per day benchmark as the average daily production hit 2.323 million barrels per day.
The average pump price of premium motor spirit (popularly known as Petrol) decreased by 0.4% in May 2019. This is revealed in the latest Petrol price watch data released by the @nigerianstat
UNIC Foundation, a non-government organisation (NGO) has revealed the reasons why the Federal Government should provide tax waiver for startups.
Recent figures obtained from the Central Bank of Nigeria (CBN) have shown that the apex bank disbursed the sum of N607.87 billion credit to some Deposit Money Banks to fund some 587 agricultural projects.
One of Nigeria’s leading Asset Management and financial advisory firms, FSDH Merchant Bank, has advised the Federal Government to issue zero-coupon bonds.