Nigeria, the world’s fourth-biggest liquefied natural gas exporter, plans to increase domestic gas prices to boost supply to power plants hit by shortages. The nation will apply “export-parity pricing” in 2016, Timothy Okon, group coordinator of strategy and planning at Nigerian National Petroleum Corp. said yesterday in an interview at […]

Nigerian interbank lending rates fell 8.59 percentage points to an average of 10.41 percent on Friday, from 19 percent last week, after a liquidity boost from matured bonds and budget disbursals reached the banking system. The central bank paid 300 billion naira ($1.82 billion) to retire matured bonds on Wednesday, […]

Press Release/Ecobank March 21, 2014 Ecobank has rewarded winners which emerged from its Card 4 Prizes promo first monthly draws held in Lagos, Port Harcourt and Abuja. The 15 lucky winners which emerged from a transparent electronic draw witnessed by officials from National Lottery Regulatory Commission (NLRC); Consumer Protection Council […]