“This would imply a further build in global crude inventories, which currently stand at high levels,” OPEC said in reference to the market outlook for next year
Browsing: Economy
“N8.27 billion was specifically released to the Federal Ministry of Power for the DISCOs and GENCOs, following approval by President Goodluck Jonathan,” Nwabuikwu said
Atufe said owing to this, the bank was already discussing with C & M Exchange, with the ultimate aim of finding a permanent solution to the face-off
He said that the local content policy of government would not succeed if home-made innovations were not adequately utilised
Lafarge Wapco followed with a gain of N2 to close at N100 per share, while Dangote Cement grew by N1 to close at N190 per share
The amount represents an increase of N52,966,708.99 (about 2.5 per cent) over the N2,160,531,987.47 shared by the six area councils of Abaji, Abuja Municipal, Bwari, Gwagwalada, Kuje and Kwali for the month of April 2013
“This means that an average of $4.9 million worth of gas is being flared on daily basis, which translates to about 1.4 billion cubic feet of gas flared daily by the international oil companies
Similarly, the market capitalisation rose by N72 billion or 0.61 per cent to close at N11.722 trillion from N11.650 trillion recorded on Monday
President Jonathan also disclosed that over 1.5 million farmers have benefited from the Electronic-Wallet System developed by the administration
Ahmed said another tranche of N100 million would be disbursed in the next few weeks and members of the artisan congress would be part of the beneficiaries
Similarly, the All-Share Index, which opened at 36,509.63 points, appreciated by 416.66 basis points to close at 36,926.29
The meeting, which was presided over by the Minister of Labour, Chief Emeka Wogu, assured the workers that government had put in place a committee to tackle the issues raised by the unions
The All-Share Index appreciated by 560.63 points or 1.6 per cent to close at 36,509.63 against 35,949.00 trillion recorded on Wednesday
Speaking on massive crude oil theft debacle, the Presidents of the PENGASSAN and NUPENG, Comrade Babatunde Ogun and Comrade Igwe Achese, condemned the helplessness of the Federal Government in combating the huge level of crude oil theft
She said the bonds, which were four times oversubscribed, were improvements on investors’ response to the $500 million bonds floated in 2011
The NSMP is expected to generate about 170,000 new jobs across the country, ensure self sufficiency in sugar production and conserve about $350 million annually in foreign exchange
Okonjo-Iweala allegedly said Nigeria’s economy would collapse by September if the National Assembly failed to pass the 2013 budget amendment proposal before it
In a statement, Ibrahim Mohammed, the commission’s Head of Public Relations, said the decision to embark on the tour was made known by the Chairman, Elias Mbam, on Tuesday in Abuja while briefing the staff of the commission
International Breweries came second, dropping N2 to close at N24 per share, while Berger Paint lost N1.13 to close at N10.25 per share
The newly received acquisition brings to three the PSVs received by the Nigeria-based company from Fujian South East in the last 12 months and have proceeded to West Africa for deployment