Browsing: Nigeria
The Nigerian Exchange Limited (The Exchange) in collaboration with International Finance Corporation (IFC) – a member of the World Bank Group – hosted a training for issuers and market operators on the issuance of sustainable financial instruments on 10th and 11th March 2022.
The President of the ECOWAS Commission, Mr. Jean-Claude Kassi Brou, will Co-Chair a Virtual Boardroom to attract investors to finance the construction of the Abidjan-Lagos Corridor Highway Project with Solomon Quaynor, Vice President of the African Development Bank, AfDB, for Private Sector, Infrastructure, and Industrialization on Wednesday, March 16, 2022.
The price of OPEC basket of 13 crudes stood at $102.86 a barrel on Tuesday, March 15, 2022, compared with $110.67 the previous day, according to OPEC Secretariat calculations.
The projection by stakeholders in the downstream segment of the oil and gas sector as well as some members of the private sector of N3 trillion subsidy payment on petrol by the government, going by oil futures and landing cost of the commodity is one of the trending stories in Nigerian newspapers on Wednesday.
The Pan-African banking group, Ecobank Transnational Incorporated (ETI) is set to pay its shareholders dividends of $0.16 per share totaling $40 million for the year ended December 31, 2021. This implies approximately CFA90, N66.6, or 1.08 Ghana Cedi per share.
The National Bureau of Statistics (NBS) has said that the consumer price index, (CPI) which measures inflation increased to 15.70 percent on year-on-year basis in February
The price of OPEC basket of 13 crudes stood at $110.67 a barrel on Monday, March 14, 2022, compared with $113.29 the previous Friday, according to OPEC Secretariat calculations.
The report of the collapse of the Nigerian national electricity grid for the umpteenth time, compounding the woes of many businesses and pushing them towards higher energy costs, going by the present cost of diesel dominates the headlines of Nigerian newspapers on Tuesday.
The Nigerian Ports Authority (NPA) has flagged off the first non-oil export processing terminal in Ibeshe-Ikorodu in Lagos state in line with the agenda of Nigerian government to diversify the economy and reduce dependence on oil exports.
Nigeria’s Minister of Transportation, Mr. Rotimi Amaechi, has urged the promoters of the Lekki Deep Seaport project to invest in rail project to connect the new port to the Lagos-Calabar rail line in order to reduce pressure on truck movement on the nation’s roads.