Business

ALSCON Plant

ALSCON: How BPE continues to defy Supreme Court order

Operations at the $3.2 billion smelter have stalled for almost 15 years due to the lingering ownership crisis.

nigerian_stock_exchange

NSE: Market indices improve by 0.12 per cent

The All-Share Index also improved by 39.77 points to close at 32,453.69 against 32,413.92 achieved on Wednesday.

NNPC TOWERS

NNPC takes final decision on new gas field

The Group Managing Director of the NNPC, Maikanti Baru, described the Assa project as a critical gas supply hub in Nigeria’s burgeoning gas-infrastructure network.

Djibouti (Photo Credit: Google Map)

Dubai, Chinese firm battle in Hong Kong for Djibouti Ports

China Merchants Port Holdings controls the controversial 1,150-hectare Port of Hambantota, which Sri Lanka handed over to China on a 99-year lease.

Naira notes

Naira gains against dollar at I & E window

The Nigerian currency gained 28 Kobo to exchange at N361.67 to the dollar at the investors window, stronger than N361.95 traded on Monday.

Naira notes

Nigeria recorded 2.38% GDP growth in fourth quarter of 2018

The growth defies World Bank and IMF projections.

Naira maintains stability against dollar

The Nigerian currency exchanged at N358 to a dollar.

nigerian_stock_exchange

NSE: Market indicators up by 0.80 per cent despite election

The market capitalisation which opened at N11.758 trillion inched N93 billion to close at N11.851 trillion.

Cross section of Nigerian governors at the council of state meeting [Photo credit: Femi Adesina's Facebook page]

FAAC disbursements in 2018 highest since 2014 – NEITI

The report showed a total of about N8.52 trillion was disbursed to the federal and 36 state governments.

Aliko-Dangote-1062x598

‘How Dangote will end importation of ‘Tokunbo’ cars in Nigeria’

The acting Managing Director/CEO, Dangote Peugeot Automobile Nigeria, Ibrahim Gachi, speaks with the Nigeria Investment Promotion Commission.

Afreximbank Building

Nigeria signs agreements with Afreximbank, BoI, NSIA to develop special economic zones

The federal government set up NSEZCO Limited as a vehicle for participating in Public-Private Partnerships.

President Muhammadu Buhari signing the Executive Order No.007 of 2019 on the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme at at the Presidential Villa in Abuja on Friday (25/1/2019) 00867/25/01/2019/Callistus Ewelike/NAN

We’ll generate $30 billion from `Made in Nigeria for Export’ – Buhari

The president says the programme will generate about 1.5 million jobs by 2025.

Nigeria Stock Exchange (NSE)

NSE moves 723.79 million shares worth N12.21 billion

The All-Share Index rose by 96.43 points to close at 31,529.92 compared with 31,433.49 achieved on Thursday.

Babatunde Fowler, FIRS Chairman

FIRS to tackle 40,000 millionaire tax defaulters

The service has realised N23 billion so far from 45,000 defaulters says an official.

Babatunde Fowler, FIRS Chairman

FIRS to pursue 40,000 millionaire tax defaulters, enlists police support

N23 billion was realised from 45,000 defaulter.

Director-General-of-Securities-and-Exchange-Commission-Mr-Mounir-Gwarzo

Alleged N115m Fraud: Suspended SEC DG, Gwarzo, to make no-case submission

Mr Gwarzo and Zakwanu Garba were arraigned on a five-count charge bordering on fraud by the ICPC.

Senator Udoma Udo Udoma

Nigeria, India identify possible areas of cooperation

Officials express their nations’ readiness to cooperate on areas of mutual concern.

The Director General of the Consumer Protection Council (CPC), Barr Babatunde Adekunle Irukera

Buhari assents to law promoting consumer confidence, fair pricing – Official

“This is one of the most prolific legislations for promoting consumer confidence, choices, and fair pricing among businesses,” an elated official says.

Trump at UN. [PHOTO CREDIT: CNN]

Dollar steady, unfazed by Trump address

President Trump said that illegal immigration was an urgent national crisis and reiterated his vow to build a border wall.

President Muhammadu Buhari signs the Executive Order No. 007 of 2019 on the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme, at the Council Chambers, State House, Abuja

Nigeria Industrial Council and development of road infrastructure scheme

The Executive Order is a Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme.

PZ Cusson HQ

PZ Cusson debunks Nigeria exit rumour

The firm says it has no plans of leaving Nigeria, not just yet.

OPEC

Oil edges up as market eyes tighter supply

The global economic outlook and prospects for growth in fuel demand have been clouded by poor economic data in China and U.S.-China trade tensions.

Naira Notes

Naira appreciates further at parallel market

The Nigerian currency exchanged at N358 to the dollar.

Nigerian Stock Exchange Trading floor [Photo: blogs.cfr.org]

NSE: Activities resume northward, indices up by 0.35 per cent

The market capitalisation rose by N40 billion to close at N11.464 trillion from the N11.424 trillion achieved on Friday.

OPEC

Oil: OPEC-led supply cuts, sanctions against Venezuela keep prices steady

OPEC oil supply fell in January by the largest amount in two years despite sluggish production declines from Russia, according to a Reuters survey.