Economy

An enormous 39 carat rare blue diamond, discovered at Pretoria’s Cullinan Diamond Mine in April, could be sold for US$35 million when it goes on auction in July. A similar rough gem – the 29-carat Blue Moon of Josephine – sold for US…

FMDQ Securities Exchange Ltd on Wednesday approved the quotation of Union Bank of Nigeria Plc. N2.58 billion Series 8 and N32.38 billion Series 9 Commercial Papers (CPs). The Chief Executive Officer of the bank, Mr. Emeka Okonkwo, said…

The naira slipped against the U.S dollar at the parallel market on Tuesday, according to data posted on abokiFX.com, a website that collates parallel market rates in Lagos showed. In the data posted, the naira closed at N498.00, this…

Social and economic activities have resumed in Owerri and its environs following the expiration of a sit-at-home order by the proscribed Indigenous People of Biafra (IPOB). The News Agency of Nigeria (NAN) reports that vehicular…

The Nigerian National Petroleum Corporation (NNPC) has revealed that it is currently considering equity participation in a number of private refineries in the country in line with a Federal Government policy directive. The directive…

Financial analysts have expressed divergent views over the proposed plan by the Nigerian National Petroleum Corporation (NNPC) to acquire 20 per cent equity stake in Dangote refinery. They expressed this in an interview with the News…

The Minister of State for Petroleum Resources, Chief Timpre Sylva, has tasked the Nigerian Liquefied Natural Gas Limited (NLNG) to play a pivotal role in the domestic gas expansion project. Sylva, who made this known during the…

The 42nd edition of the Kaduna International Trade Fair has witnessed low turnout of participants and visitors three days after the fair began, a check by the News Agency of Nigeria (NAN) revealed. NAN correspondents who visited the…

Four oil firms including Nigeria’s state-oil company, Nigerian National Petroleum Corporation (NNPC) have approached Dangote Industries to acquire a stake in Africa’s largest oil refinery, according to a report by Reuters. Devakumar…

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, says the apex bank will support small holder farmers to boost food production. According to information on CBN’s verified twitter handle, Emefiele said the support…