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Business

Jan 07, 2019
A Niger Delta militant group, that styles itself Koluama Seven Brothers on Sunday said it carried out a “warning” strike on an oil facility owned by energy company Conoil in…
Jan 07, 2019
The annual report of Moody’s Investors Service has predicted that prices of Oil and natural gas will be volatile in 2019.   The report, which outlined key credit themes in…
Jan 06, 2019
Nigeria literally threw N197 billion into the flames in the first nine months of 2018, representing the value of gas flared during the period.   According to data from the…
Jan 04, 2019
Forbes has rated Nigeria as 110th best place in the world to do business in 2019 out of 161 countries that were graded.   The country also comes 14th in…
Jan 04, 2019
The plunge in Apple Inc’s share price will cause new pain for Warren Buffett’s Berkshire Hathaway Inc, after the conglomerate suffered a big quarterly decline in its net worth that…
Jan 03, 2019
Daily production of crude oil by Nigeria increased by 9 percent in 2018 to 2.09 million barrels compared to the 1.86 million barrels daily production in 2017.   This was…
Jan 01, 2019
The Nigerian Civil Aviation Authority (NCAA) says it has sanctioned four operators for violating the Nigerian Civil Aviation Regulations (NigCARs).   Sam Adurogboye, General Manager, Public Relations, NCAA, who made…
Market capitalization at the Nigerian Stock Exchange (NSE) dropped by N100.2 billion on Thursday as stocks of banks and industrial companies listed on the Exchange recorded losses.   The market…
Dec 27, 2018
The Federal Government of Nigeria has said it is targeting increasing manufacturing exports by $30 billion by 2025 through the development of Special Economic Zones.   This was disclosed by…
Dec 26, 2018
Royal Dutch Shell said on Wednesday it has begun output at its Prelude Floating Liquefied Natural Gas (FLNG) facility in Australia, the world’s largest floating production structure.   It is…
Dec 24, 2018
Foreign Portfolio Investors (FPI) withdrew more than N94.4 billion in the third quarter of 2018 from the capital market, a member of the Central Bank of Nigeria Monetary Policy Committee,…
Nigeria’s President, Muhammadu Buhari on Saturday lamented that despite successes recorded by the Economic Community of West African State, ECOWAS, the body is still faced difficulties in the economic, governance,…
Dec 22, 2018
Oil prices inched up on Friday morning in Asia, as oil production cartel OPEC plans to make public its output cut quotas, amidst market concerns over a global glut.  …
The National Bureau of Statistics, NBS, has said that the nation’s Gross Domestic Product, GDP, grew to 1.81 percent (year-on-year) in real terms in the third quarter of 2018 compared…
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