Saudi Arabia, a giant petrostate, has a well-known plan to become something more, known as “Vision 2030”. This week the kingdom held an investment conference in Riyadh to discuss its drive to modernise its economy, although it was overshadowed by the murder of Jamal Khashoggi, a journalist. Saudi Arabia’s urge to diversify away from energy […]
The Nigerian National petroleum Corporation (NNPC) says that some of the financing companies it approached to revamp the country’s refineries have shown interest in Port Harcourt refinery. Mr Ndu Ughamadu, NNPC Group General Manager, Group Public Affairs Division, disclosed this in an interview with the News Agency of Nigeria (NAN) on Friday in Abuja. He […]
Crude oil futures tumbled again on Friday morning in European trading, as weak equity markets, signals of higher Russian output and hints of a change of course at OPEC weighed on an already volatile week for oil. At 1100 GMT, the December ICE Brent crude future contract was down 96 cents from Thursday’s settle, to […]
Shares in Nigeria’s Diamond Bank rose to a four month high on Thursday, a day after the bank said four of its directors have resigned, in a move that could pave the way for the mid-tier lender to attract new investors. The bank rose for the fourth straight session, up 7.19 percent to 1.49 naira. […]
The Debt Management Office (DMO), says the Federal Government raised N88.08 billion at its bond auction on Wednesday, as part of moves to finance the 2018 budget. The DMO said on its website that the bonds were auctioned in three tenors of five, seven and 10 years. This, it said, was to give its diverse […]
At the commissioning the newly built Port Harcourt International Airport (PHIA) Omagwa, Rivers State, President Muhammadu Buhari said that the Federal Government was making deliberate efforts to boost the capacities and infrastructure of the Nigeria’s transportation industry which was not attended to when they were built in the 70s and 80s,. The President said that […]
Arik Air has announced the resumption of flight operations to Osubi Airport, Warri with effect from Oct. 26, following the reopening of the airport by the Nigerian Airspace Management Agency (NAMA). The airline’s Chief Executive Officer, Capt. Roy Ilegbodu said in a statement on Thursday that Arik would operate two flights daily from Lagos to […]
Nigeria’s Super Eagles have moved up by four spots to the 44th in the world in the October FIFA -Coca Cola Ranking. In the ranking table published on the website of the world football governing body on Thursday, Nigeria garnered 1431 points as against 1415 it had in September. The movement has now placed Nigeria […]
Activities on the Nigerian Stock Exchange (NSE) returned to negative territory on Wednesday, after appreciating for two consecutive days. The News Agency of Nigeria (NAN) reports that the crucial market indices closed southward, dropping by 2.37 per cent, amid loses by Nestle and Dangote Cement. The All-Share Index lost 787.85 points or 2.37 per cent […]
By Foster Obi Regardless of how robust a policy framework may be, it requires diligent execution, which is backed by strict adherence to corporate governance, to achieve its desired objectives. This was the submission of Stanbic IBTC as Nigeria seeks approaches to unlock its potential and navigate the economy towards sustainable growth and development. As […]