Updates

Nigeria oil sales should be centralised in sector overhaul -NNPC head

December 7, 2016/Reuters By Camillus Eboh | ABUJA Dec 7 Nigeria’s oil sales should remain the sole responsibility of one company rather than be split between two agencies as a draft of the country’s long-awaited petroleum bill proposes, the head of state oil company NNPC said on Wednesday. Maikanti Baru, […]

Eurobond: FG Appoints transaction parties

Culled—Proshare December 7, 2016/Federal Ministry of Finance The Honourable Minister of Finance, Mrs Kemi Adeosun on Wednesday at the Federal Executive Council (FEC) meeting presented a Memorandum seeking approval for the issuance of the USD1.00 Billion Eurobond in the International Capital Market (ICM) and the appointment of Transaction Parties responsible […]

Stocks Rally’s Records Marginal Gain

By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Wednesday reversed the previous session’s negative performance, with the all-share index (ASI) advancing marginally by 0.01 percent to close at 25,673.80 points. “Today’s bullish performance increased the Month-to-Date gain to 1.59 percent, whilst paring the Year-to-Date loss to 10.70 percent, according to […]