Fidelity Bank supports FG’s power reforms

Fidelity Bank Plc has said it will continue to support the federal government’s power sector reforms by being actively involved in the financing of...

Naira firms up on moderate Dollar demand

The naira firmed against the United States dollar at both the bureaux de change (BDC) and parallel market segments Monday as a result of...

OPEC daily basket price stood at $106.54 a barrel Friday, 18 October 2013

The price of OPEC basket of twelve crudes stood at 106.54 dollars a barrel on Friday, compared with $107.02 the previous day, according to OPEC Secretariat...

We did not seize Capital Oil – AMCON

The confusion that followed the takeover of Capital Oil and Gas Industries Ltd by the Asset Management Corporation of Nigeria (AMCON) has been laid...

Investors scramble for oil stocks

Investors returned to the stock market yesterday with renewed optimism about the prospects of quoted equities. Trading resumed yesterday at the Nigerian Stock Exchange...

FG generated N6.6 trillion in 8 months

The federal government generated a total of N6.611 trillion between January and August 2013, a report has shown. However, the amount represented a decline by...

DFIs, banks waiting to finance $4.5bn NIPP plants purchase

Following the successful privatisation of the Power Holding Company of Nigeria’s (PHCN) 10 distribution companies (Discos) and five generation companies (Gencos), development finance institutions...

Foreign exchange reserves drop to $45b

The foreign reserves have declined to $45 billion as at October 11, data from the Central Bank of Nigeria (CBN) website has shown. Analysts...

Brent price steadies above $110

Brent futures edged above $110 per barrel on Wednesday as the United States Senate inched towards a deal to raise the nation’s borrowing authority...

Global oil, gas deals hit $42b

A Houston based research, transaction and advisory firm, PLS in conjunction with its international partner Derrick Petroleum Services, has put the global upstream oil...

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