Business

Oando workers at an oil rig

Oando reacts to SEC/NSE Suspension

NSE said a ‘full suspension of firm’ is effective for 48 hours from Wednesday to Friday.

Bureau De Change

Naira maintains N361.50 per dollar at parallel market

Trading at the investors’ window saw the naira closed at N360.27.

Guaranty Trust Bank (GTB)

GTBank records N125.58 billion profit in third quarter

Its profit before tax rose to N150.03 billion from N137.99 billion.

intels_office_building_project_img_1-720x450

Maritime workers react to Atiku’s Intels crisis with Nigerian govt

“Today, we are aware that Intels has over 5, 000 direct employees and over 6,000 indirect employees.”

OANDO

Why we suspended trading of Oando shares – NSE

“A full suspension is the halt of trading activities in a listed security for a period,”

Babatunde Fowler, FIRS Chairman [Photo: politicoscope.com]

FIRS chief Fowler elected Vice Chairman UN Committee of Tax Experts

The 25 tax experts were headhunted across the globe to sit in the Committee.

Jubril Adewale Tinubu

UPDATED: Oando Crisis deepens as SEC suspends sale of shares

The company has been enmeshed in crisis since its last shareholders meeting.

Oil barrels used to illustrate story [Photo Credit: Independent.co.uk]

Oil price rises towards $59 on tighter U.S. market, Middle East tensions

Tensions in the Middle East mean a risk premium is being priced into oil markets.

Minister of Works, Power and Housing, Babatunde Raji Fashola

Mining sector ‘biggest beneficiary’ of N1.2 trillion capital allocation in 2017 budget – Fashola

Minister of mines, steel also speaks on strides in the sector.

NNPC GMD, Dr. Maikanti Baru (right) in a warm handshake with National Emergency Management Agency(NEMA) Director of Search and Rescue, Air Commodore Sonny Paul Ohemu, after the GMD was decorated as Honourary Special Marshal at a ceremony in Abuja. With them is Federal Road Safety Corps (FRSC) Deputy Corps Marshal, Operations, Ojeme Ewhrudjakpor.

NNPC has 2 billion litres of petrol for end-of-year movements — GMD

Mr Baru is honoured by the Road Safety Corps.

Food stuff [Photo Credit] grace communication foundation

Nigeria’s Inflation rate drops for eight consecutive time amidst rising food prices – NBS

All major food sub-indexes increased by 20.32 per cent between September 2016 and 2017.

United Bank for Africa

UBA gross earnings hit N333.92 billion

The figure represents a growth of 25.75 per cent when compared to N265.53 billion posted in the comparative period of 2016

champagne

Why Nigeria’s new luxury tax policy is yet to take off – Adeosun

There are plans to tax first class tickets on airline travels and luxury coaches.

Kayode Fayemi, Minister of Mining and Steel Development

600 investors to attend Nigeria’s Mining Week

The organisers say investors now trust the Nigerian mining sector as a place to invest.

Ontario Oil and Gas

Court orders interim forfeiture of N1.96 billion linked to Ontario Oil

The case is about the fraudulent sale of refined oil.

cargo-ship-vlcc-oil-tanker-1

Oil price jumps to $57.8

An explosion at a U.S. oil rig and reduced exploration activity also supported prices there.

Nigeria Vice President, Yemi Osinbajo

$25 billion claims in Kachikwu’s memo fabricated – Osinbajo

The presidency says monetary values cannot be associated to the contracts.

Minister of Finance, Kemi Adeosun

Nigeria won’t be reckless with foreign borrowings – Adeosun

The IMF and the World Bank project higher growth for Sub-Saharan Africa in 2018.

Oil vessel

Alternative energy may force Oil prices down to $10 per barrel, says expert

“What happens with electric vehicles is really, really important,” the analyst said.

president-buhari-at-the-nigerian-economic-summit

NES23: How to solve Nigeria’s infrastructure deficit challenge — Experts

They urge government to leverage public-private sector partnership and develop inter-modal transportation system.

Bad Road

NES23: Experts discuss ways to solve Nigeria’s infrastructure deficit

The officials deliberated on public private partnerships.

Nigerian Stock Exchange (NSE)

NSE market capitalisation increases by N40 billion

The All-Share Index increases by 115.93 basis points or 0.32 per cent to close at 36,848.17 point compared with 36,732.24 recorded on Thursday

Godwin Emefiele

Emefiele wins Forbes 2017 Best of Africa Innovative Banking Award

Forbes says CBN under Mr. Emefiele had shown transparency, stabilised the economy.

NIPOST

NIPOST will soon begin banking services – Official

Nigerians will be able to send and receive money through the agency.

Power Lines [Photo: energymixreport.com]

Why we cannot cancel privatisation of PHCN – Buhari

The president emphasises the need for review of the privatisation.