Updates

NIPCO takes over ExxonMobil’s 60% stake in Mobil Oil Nigeria

3/4/2017/The Nation Taofik Salako • Launches N60.2b bid for minority shares NIPCO Investments Limited, a subsidiary of NIPCO Plc, at the weekend took over the 60 per cent majority equity stake of ExxonMobil Oil Corporation in Mobil Oil Nigeria Plc. This is coming on the heels of the $301million acquisition […]

Adesina invites New Development Bank to join AfDB’s ambitious Light up and power Africa project

April 2, 2017/AfDB The African Development Bank Group (AfDB) President, Akinwumi Adesina has invited the New Development Bank (NDB) to support Light up and power Africa, the first of five top priorities of the Bank’s continental transformation agenda. “I am very pleased that the New Development Bank is investing in […]

CBN Reports Manufacturing PMI Stands at 47.7% in March 2017 from 44.6% in February 2017

April 1, 2017/CBN Click here to download PDF Copy of Report Data and Method of Presentation The Manufacturing and Non-Manufacturing PMI Report on businesses is derived from the data compiled from purchasing and supply executives. Survey responses indicate whether there is change or no change in the level of business […]