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Latest Company News, Earnings and Finance / Naija247news.com

* HY revenue of 8.59 billion naira versus 6.61 billion naira year ago * HY ended June 30, 2016 profit before tax of 1.87 billion naira versus 1.51 billion naira year ago Source: bit.ly/2a7dcMI Further company coverage:   ...

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Energy, Oil & Gas News / Naija247news.com

Nigeria’s Oil Recovery Lags As Iran Increases Investment Efforts While Iraq’s Exports Increase

It looks like Nigeria, which of late had tackled its production problems and minimised its export declines far more effectively than critics thought possible, will not be following Iran or Iraq on the comeback trail anytime soon. Although Nigerian president Muhammadu Buhari said on Thursday his administration is negotiating with the rebels through oil companies and security agencies to end the...

Buhari orders NNPC to intesify oil search in Chad Basins

The Nigerian National Petroleum Corporation (NNPC) is stepping up measures to ensure a successful operation in the ongoing search for crude oil in the Chad Basin and other parts of the Inland Sedimentary Basin. That is happening even as President Muhammadu Buhari ordered deeper exploration of some...

Corrupt Offshore Deals Deprive Africa of Billions In Natural Resource Dollars

The Panama Papers show politicians and mining, oil and gas interests benefit from secrecy and dubious multimillion dollar transfers When he wasn’t aboard his yacht, Farid Bedjaoui held court in the Bulgari Hotel in Milan, a renovated 18th-century palace nestled between...

Oil slips on oversupply, demand concerns; U.S. crude hits 3-month low

Oil prices fell more than 2 percent on Monday, with U.S. crude hitting a three-month low, on rising concerns that a global glut of crude and refined products would pressure markets, delaying a long-anticipated rebalance in the market. Data from market intelligence firm...

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Nigerian Stocks Sheds 0.11% as Forte Oil, Seplat, Avoncrown Top Losers

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The Nigerian equities market resumed the week on a negative note, as Nigerian Stock Exchange All Share Index (NSE ASI) depreciated by 0.11 percent to close at 27,629.90 points in contrast to 1.21 percent...

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NSE All Share Index down -0.79%

NSE

Nigerian stocks closed trading on a negative note as the all share index dropped -0.79%. Market capitalization at the close of trading was N9,615,652,552,561.13. Highlights of today’s trading session. NSE All Share Index was 27,997.29 down -0.79%. Market capitalization closed at N9.61 trillion compared to yesterday’s market capitalization of 9.69...

WEEKAHEAD-AFRICA-FX: Nigeria’s naira to weaken as Zambian kwacha backs FX conversions

Nigeria’s naira is expected to weaken next week as the central back sells fewer dollars on the interbank market, while the Zambian kwacha will be supported by foreign currency conversions. NIGERIA The naira fell to its weakest ever...

Naira continues drop against dollar

The Naira, on Wednesday, maintained its loss against the dollar at the parallel market, the News Agency of Nigeria (NAN), reports. The Nigerian currency, which lost three points on Tuesday to exchange at N368 from N365 on Monday, also...

Nigerian Stock Market Indices Shed 0.94%

Trading activities on the Nigerian Stock Exchange, for the third consecutive day, remained on a downward trend with major blue chips equities recording price depreciation. The All-Share Index on Wednesday lost 267.38 points or 0.94 per...

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Rep. Jibrin makes more confessions, accusations, speaker says allegations false, baseless

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The former Chairman, House of Representatives Committee on Appropriation, Rep. Abdulmumin Jibrin has accused Speaker Yakubu Dogara and three principal officers of diverting money meant for the lawmakers’...

Abia former PDP Chairman seeks quick resolution of governorship crisis

Chairman-of-PDP-in-Abia-state-Senator-Emma-Nwaka

Sen. Emma Nwaka, the immediate-past chairman of the Peoples Democratic Party ( PDP ) in Abia, has expressed worry over the governorship crisis currently rocking the state. ...

No impeachable offence against President Buhari, Senate assure Nigerians

The Senate has assured Nigerians that there is no impeachable offence against President Muhammadu Buhari and as such there is no contemplation of impeachment by the chamber. The Leader of the Senate, Ali...

Dogara, Lasun others stole millions from House budget – Jibrin

The former Chairman of the House of Representatives Committee on Appropriation, Abdulmimin Jibrin, Monday continued his series of revelations on the fraud and corruption perpetuated by Yakubu Dogara. In...

Nigeria seeks Diaspora partnership for economic development

Osinbajo

Abuja – Vice President Yemi Osinbajo has called for collaboration with Nigerians in the Diaspora in building key sectors of the nation’s economy. Osinbajo made the call at the 2016 Diaspora Day with...

Economic Crunch: Nigeria understudying Iran to overcome its challenges- Buhari

President-Muhammadu-Buhari-and-Iran-envoy

President Muhammadu Buhari Monday in Abuja said the Federal Government is working assiduously to ameliorate the challenges faced by the Nigerian economy within a short period by understudying the experiences...

SA’s rand weaker as risk appetite wanes; retailers buoy stocks

JOHANNESBURG (Reuters) – South Africa’s rand retreated on Monday as a stronger dollar boosted by revived bets of an interest rate hike in the United States dented risk appetite, while stocks...

Kenya holds main lending rate at 10.50 pct

NAIROBI  – Kenya’s central bank held its benchmark lending rate at 10.5 percent on Monday due to recent increases in fuel taxes that would temporarily put upward pressure on inflation, the...