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Nigeria’s Gross Domestic Product, GDP, In the fourth quarter of 2018, grew by 2.38% in real terms (year-on-year), the National Bureau of Statistics, NBS, report obtained by Vanguard on Tuesday says. growth rate of 2.11%. The report also said that...
The Managing Director, Ecobank Nigeria, Patrick Akinwuntan, has launched EcobankPay zone at Alaba International Market, Lagos, and expressed the bank’s commitment to continue innovating more payment and financial solutions to best serve traders across the country. According to Akinwuntan, the...
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, yesterday unveiled computerised crude oil and Liquefied Natural Gas (LNG) tracking, automatic downstream system and other automation initiatives. Speaking in Lagos during a ministerial briefing on the achievement of the...
Nigeria produced less crude oil in January 2019 that it did in December 2018 by 82,644 barrels per day (bd), current production records obtained from the Ministry of Petroleum Resources yesterday disclosed. According to the ministry in its monthly ‘Petroleum...
The Nigerian Stock Exchange (NSE) on Friday moved a total of 723.79 million shares valued at N12.21 billion in 5,752 deals. The News Agency of Nigeria (NAN) reports the turnover represented a growth of 65.72 per cent when compared with...
The Nigerian Communications Commission (NCC), has confirmed that, based on empirical indices, Nigeria attained 31 per cent broadband penetration. NCC management said in a statement on Sunday that this was contrary to insinuations in some quarters that the country was...
For the second day running, the Nigerian equities market on Thursday lost ground by 0.96 per cent as the bears persisted in the New Year. The News Agency of Nigeria (NAN) reports that the market closed with 13 gainers and...
Activities resumed for the year on the Nigerian Stock Exchange (NSE) on a bearish note with the All-Share Index dropping by 1.15 per cent. The News Agency of Nigeria (NAN) reports that the index which opened at 31,430.50 shed 360.44...
Mr Gbenga Shobo, Deputy Managing Director, First Bank of Nigeria Limited, on Wednesday called on investors, bank customers and the general public not to panic over the forthcoming elections, noting that the elections would come and go. Shobo stated this...
Oil prices fell on Friday ahead of the New Year holiday as global crude benchmarks moved back toward their lowest levels in more than a year. Brent crude oil LCOc1 fell 56 cents to a low of $51.60 a barrel...

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