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Showing posts with the label business

Not less than 189 metric tonnes of tomatoes imported into Nigeria for the past 12 months

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According to an expert. Mr Duro Kuteyi, food manufacturer at Betamark Consulting, made the disclosure on Friday saying that Nigeria had have not less than 189 metric tonnes of tomatoes in the last 12 months.

Oil edges higher ahead of OPEC meeting

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Opec Oil prices rose modestly in Asia on Monday ahead of a producers’ meeting this week that might agree to cap supplies.

Naira plunges to 440 as dollar inflow drops

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The naira was sold at the parallel market for 440 per dollar on Sunday, as the lingering foreign exchange scarcity increased to a new level.

Nigeria has lost N800b on auto policy on imported vehicles

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According to t he President of Shippers Association, Lagos State, Mr Jonathan Nicol, Nigeria has already lost N800b on auto policy on imported vehicles. 

$53m reaped by NNPC from direct sales of oil

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The Direct Sales, Direct Purchase (DSDP) was initiated to ensure full recovery of crude oil sales value and delivery of 100 per cent federation revenue from domestic crude allocation which is 445,000 barrels per day in place of the previous offshore processing and

Aliko Dangote to buy Arsenal within the next 4 years

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Aliko Dangote  Africa's richest man, Aliko Dangote has revealed that he is looking forward to purchasing Arsenal Football Club within the next 4 years. He once revealed it last year that he was going to buy it. He told Bloomberg television that he has not given up plans to buy the club. 

Oil prices rises by 2% Third Surprise Weekly US Crude Drop

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According to the United States government, there has been a fall in crude stockpiles for the third week in a row and a rise in oil price by two percent(2%) in the in the international market.

Nigeria's debt rises to N4tn in 6 months

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Director of DMO, Abraham Nwankwo  According to Abraham Nwankwo, the director general of Debt Management Office (DMO), in the past 6 months, Nigeria's debt increasing by nearly N4tn has chances of hurting it's potential of acquiring much

Customers being prosecuted by NERFUND over N17.2bn Bad Loans

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Dr. Ezekiel Oseni  Dr. Ezekiel Oseni, the acting manager of  National Economic Reconstruction Fund (NERFUND) on Wednesday disclosed a plan to  recover over N17.2billion non-performing loans (NPLs) by engaging  the Independent Corrupt Practices and

Recession is the best time to invest - Buhari

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President Muhammadu Buhari has told potential outside financial specialists that the current monetary test the nation is confronting has opened a vista of venture open doors even as he gloated that Nigeria remains the main speculation goal in