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Friday, July 10, 2020

Analysis

Investors Start Taking Notice of Nigeria’s Latest Naira Plan

Window’ supplies dollars at rate closer to black market Investors can now ignore other rates, FMDQ’s Onadele says Foreign investors are warming to the foreign-exchange window that Nigeria opened last week to ease a severe shortage of dollars,...

Nigeria’s NNPC split Petroleum Industry Bill into four parts for easy passage

Maikanti Baru, group managing director of the Nigerian National Petroleum Corporation (NNPC), says the corporation has split the Petroleum Industry Bill into four — for  easy passage into law. Baru disclosed this on Tuesday, while speaking at the Department of State Services’ (DSS) Executive Intelligence...

Nigeria’s IPO market shows signs of life after 2008 financial drought

Nigeria set to see IPOs again * IPOs virtually dried up after a 2008 crash * Exception was oil company Seplat which listed in 2014 * Aviation firm, resinsurer, oil company and MTN set to list By Chijioke Ohuocha LAGOS, June 1 (Reuters) - More companies are lining up...

Nigeria Lure Low-Income Earners With Sept Savings Bond

The Federal Government has commenced the auction of its savings bond for September this year. A savings bond is targeted at low-income earners to encourage them to save and earn more income (interest) when compared with their savings account with banks. Savings bonds...

Nigeria’s domestic rice output booms as big investors hopeful policy remains stable

Nigeria tries to end rice imports to save dollars Domestic production rising thanks to incentives But farmers unable to satisfy demand fully Growers complain help often not getting to right people "One bag of rice sells for 10,000 to 11,000 (naira) Until 2015,...

U.S government shutdown might affect visa applicants around the world

The U.S Embassy in Nigeria and across the globe might be closing down due to the government shutdown, Naija247news has gathered. U.S lawmakers had until Friday at midnight to pass legislation to avert a government shutdown. But the negotiations failed to prevent what became the...

Nigeria’s December inflation Rate Accelerates to 11.44% as election nears

As Food Inflation Jumps in Bayelsa, Nasarawa States… Analysts see January election spur food price rise Freshly baked December inflation report showed that headline inflation rate further increased to 11.44% year-on-year (from 11.28% in November 2018) in line with our expectation. The further rise in annual...

El-Rufai joins Buhari for juma’at prayer, says Presidency does not like him

Kaduna State Governor Nasir El-Rufai this afternoon joined President Muhammadu Buhari for juma'at prayer inside the Presidential Villa mosque. Buhari and El-Rufai both later returned to the president's official residence. Also at the mosque were Ogun State Governor Ibikunle Amosun as well as Attorney-General of the...

Boko Haram: Northeast Nigeria ‘500 years behind South in Education’ – VC

The Vice- Chancellor of the University of Maiduguri, Abubakar Njodi, has said the North-east may take 500 years to recover from the destruction inflicted by Boko Haram on its education system and attain the current standard in southern Nigeria. Mr. Njodi, a professor of Physical...

Exports of Nigeria’s Bonny Light crude oil to fall in September

Exports of Nigeria’s Bonny Light crude oil are set to fall in September to five cargoes from seven in August, a loading programme from a trade source showed. * September cargoes will load at a rate of 152,000 barrels per day (bpd), compared with 216,000...
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