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Central bank injects $210 million into forex market

The interbank segment of the Foreign Exchange Market has received a boost of $210 million from the Central Bank of Nigeria (CBN) following sales concluded last Tuesday.

Katsina gets joint security task force to protect power installations

Kano Electricity Distribution Company (KEDCO) has launched a Joint Task Force (JTF) for its Katsina State zonal office to safeguard electricity installations and other equipment in the area from vandals.
PoS machines and poor connectivity

EFCC expresses worry over use of POS machines

The Economic and Financial Crimes Commission (EFCC) yesterday expressed concern over what it called the errant use of Point of Sale (POS) machines in the country.
Debt Management Office (DMO)

Nigeria’s second Sovereign Green Bond oversubscribed by 220 percent

A statement from the Debt Management Office (“DMO”) on Thursday said: “The proceeds of the Green Bond will be used to finance projects in the 2018 Appropriation Act, which will contribute to Nigeria’s commitments to the Paris Agreement on Climate Change.”
Rivers State Governor, Nyesom Wike, has recalled the 12 suspended Local Government Council Chairmen.

Governor Wike warns against shutting down oil production facilities

Rivers State Governor Nyesom Wike has warned that the State Government will not tolerate the shutting down of oil production facilities of operating companies in the state.

NCC harps on need to protect telecom infrastructure for quality services

Nigerian Communications Commission has stressed the need to protect telecommunication infrastructure in the country to ensure quality services.

KEDCO loses N150 million to vandalism

Kano Electricity Distribution Company (KEDCO) said it lost N150 million to vandalism on its facilities in two months in 2016.

British firm seeks $9 billion Nigerian government asset seizure over unpaid gas project arbitration

A firm incorporated in the British Virgin Islands will ask a British court on Friday for the right to seize up to $9 billion of Nigerian government assets - some 20% of the oil-rich nation’s foreign reserves - over an aborted gas project.

Central bank quashes talk of change to exchange rate policy

Nigeria’s central bank said it made no change to its naira policies, after a revision on its website led some analysts to speculate that it was ending a system of multiple exchange rates.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

OPEC cuts oil demand outlook

The Organisation of Petroleum Exporting Countries (OPEC) says it has cut its forecast for global oil demand growth and warned of potential further cuts as international trade disputes continue to fester.
Representative of the NNPC GMD and Chief Operating Officer, Ventures, Dr. Babatunde Adeniran (left), sharing a point with the Guest Speaker, Mr. Goni Ahmed (right), at the NNPC World Environment Day celebration.

NNPC: Eliminating gas flare remains priority

Eliminating gas flare with a view to bequeathing a pollution-free environment to future generations of Nigerians remains a priority of the Nigerian National Petroleum Corporation (NNPC).

ECOWAS to have own currency by 2020 – member state

The Economic Community of West African States (ECOWAS), is in the “fast lane’’ of integration and planned to have its own currency in 2020, a member state has disclosed.
African Export-Import Bank (Afreximbank)

Afreximbank wins African Bank of the Year Award

The African Export-Import Bank (Afreximbank) on Wednesday night won the African Bank of the Year Award during the African Banker Awards 2019 ceremony held on the sidelines of the Annual Meetings of the African Development Bank.
President Cyril Ramaphosa at the Moses Mabhida Statdium in KwaZulu-Natal where he delivered the ANC's 2019 election manifesto on January 12 2019 . Twitter-@myanc

Rand slips over President Ramaphosa campaign donation probe

South Africa’s rand slipped on Thursday, as investors were unnerved by an investigation into a donation for President Cyril Ramaphosa’s 2017 campaign, leader of the governing African National Congress (ANC) party.
Nigerian Stock Exchange NSE

Stock market investors lose N533 billion in seven days

Investors in the nation’s stock market lost N533bn in the last seven trading sessions as bearish sentiment persisted in the market.

Nigeria earns $236 billion from petroleum exports in five years

Nigeria, Africa’s top oil producer, earned a total of $236.15bn from petroleum exports over the last five years, a new report by the Organisation of Petroleum Exporting Countries has shown.
Uber on Wednesday will unveil its newest Volvo self-driving car in Washington as it works to eventually deploy vehicles without drivers under some limited conditions.

Uber rolls out next-generation self-driving Volvo

Uber on Wednesday will unveil its newest Volvo self-driving car in Washington as it works to eventually deploy vehicles without drivers under some limited conditions.

Federal government gives 40mw power generation licence to Green Energy

The Federal government via the Nigerian power sector regulator - Nigerian Electricity Regulatory Commission (NERC) - has granted Green Energy International Limited (GEIL), the Operator of the Otakikpo Marginal field an embedded licence for 40 megawatts of electricity (40 MW) power plant.

Recent Stories

LODZ, POLAND - JUNE 15: The Ukraine team celebrate with the FIFA U-20 World Cup Trophy following their team's victory in the 2019 FIFA U-20 World Cup Final between Ukraine and Korea Republic at Lodz Stadium on June 15, 2019 in Lodz, Poland. (Photo by Lars Baron - FIFA/FIFA via Getty Images)

Ukraine overcome South Korea to win Under-20 World Cup

Vladyslav Supriaha inspired Ukraine to Under-20 World Cup glory for the first time in their history as he scored twice in a 3-1 comeback win against South Korea.
Bayern Munich

Bayern Munich to begin DFB-Pokal defence at Energie Cottbus

Bayern Munich should enjoy a smooth entry into the new season after being drawn against fourth-tier Energie Cottbus in the first round of the DFB-Pokal.
Former Chelsea midfielder Frank Lampard is set for a return to the club as manager, accordig to Sky Sports’ Kaveh Solhekol.

Roberto Di Matteo backs Frank Lampard for Chelsea job

Former Chelsea boss Roberto Di Matteo has described Frank Lampard as a "great fit" to replace Maurizio Sarri in the Stamford Bridge dugout.

Stakeholders identify lack of forensic expertise in Nigeria’s anti-graft war

Shortage of forensic facilities and expertise have been identified as major setbacks in the fight against corruption and illicit financial flows in Nigeria, according to some stakeholders.
Enugu Rangers forward Godwin Aguda has stated that there is no time to brood over the Flying Antelopes 3-0 defeat to Rivers United in their final outstanding game hence the swift shift in focus to the next game away to Enyimba on Sunday.

Federation Cup: Enugu Rangers, Akwa United book Round of 32 tickets

Akwa United, Rivers United, Abia Warriors were among the other clubs who sent their opponents packing in the Round of 64 fixtures on Saturday.