The United Nations Children’s Fund (UNICEF) has pledged its commitment to end violence against children in Nigeria, as the country joins the world to mark the 2018 Children’s Day. Mr Isiye Ndombi, UNICEF Deputy Representative in Nigeria, gave the assurance in an interview with the News Agency of Nigeria (NAN) in Abuja. Children’s Day is […]
The oil price will hover in the range of $65-75 by the end of this year, Russia’s Energy Minister Alexander Novak said in an interview aired by RBC business news channel at the St. Petersburg International Economic Forum. “The oil price was lower at the beginning of the year than today. I think the average […]
A steady course on U.S.-North Korean détente and word of more oil from OPEC members helped push crude oil prices down sharply in early Friday trading. U.S. President Donald Trump on Thursday cancelled a June summit with North Korean leader Kim Jong Un after Pyongyang made disparaging remarks about U.S. Vice President Mike Pence. That […]
Oil prices fell more than $2 per barrel on Friday as Saudi Arabia and Russia discussed easing production cuts that have helped push crude prices to their highest since 2014. Brent crude futures (LCOc1) fell $2.35, or 3 percent, to settle at $76.44 a barrel. The global benchmark lost about 2.7 percent this week, its […]
The World Bank will provide 19 West African countries $200 million in funding as part of the Off-Grid Electrification Project (Ropeg). Implemented by Cedeao’s Ecreae Center for Renewable Energy and Energy Efficiency, the initiative will enable the deployment of solar photovoltaic systems for households, utilities and production infrastructure. Its implementation will be in two phases […]
The Nigerian Stock Exchange (NSE) market capitalisation on Friday closed negatively, for the fifth day, dipping further by N145 billion and recording a loss of N299 billion in two days. On Thursday, the exchange had pared its stock value by N154 billion, with market capitalization closing at N14.389 trillion. The free fall continued on Friday, […]
The Manufacturers Association of Nigeria (MAN) on Friday called on the Federal Government to cut down on recurrent expenditure to check the rising debt profile. MAN President, Dr Frank Jacobs said, in a statement in Lagos, that the savings could be channeled into sectors with multiplying revenue generation capacity like agriculture, production and manufacturing. Jacobs […]
Zenith Bank plc shares on Thursday at the Nigerian Stock Exchange (NSE) depreciated by 95k to close at N27, The News Agency of Nigeria (NAN) reports. Flour Mills trailed with a loss of N1.40 to close at N31, while Cement Company of Northern Nigeria declined by N1.20 to close at N24 per share. Dangote Sugar […]
Stanbic IBTC Bank PLC, has emerged winner of the Gold Prize at the 2017 edition of Deutsche Bank Awards for Excellence in Cash Management and Trade Finance in Nigeria. This is the second time the bank is being awarded as the top performer in this category. The category tagged Straight-Through Processing (STP) Excellence Award has […]
The Federal Government has recorded N50.45 billion from its May bonds auction, lower than the N70 billion it targeted to raise, the Debt Management Office (DMO), has said. According to the auction result obtained from the DMO website on Thursday in Abuja, the Federal government made N3.50 billion from a five-year bond at 12.75 per […]