Nigeria Rebalances OPEC Quota Compliance, Cuts Output By 7% Nigeria has been forced to rebalance its oil output, effecting about 7.0 percent cut back on its oil output to re-align with the quota imposed by the Organisation of Petroleum Exporting Countries, OPEC. The nation’s output in the month of April was put […]
$100m Lost As NNPC Gives Bunkering Service To Foreigners – SOAN Shipowners Association of Nigeria (SOAN) has said that $100 million is lost to capital flight as the Nigerian National Petroleum Corporation (NNPC) recently contracted coastal and bunkering vessel services to a foreign shipping company, Messrs UNIBROS. In a petition to the […]
NSIA Revenue Increases By 343% To N160bn The Nigeria Sovereign Investment Authority, manager of Nigeria’s sovereign wealth fund, on Tuesday announced its audited results for 2020 financial year, reflecting a 343 per cent growth in income to N160bn. It said this was disclosed in its Audited Financial Results for 2020 Financial Year […]
The Council agreed on the application of the revised enlargement methodology to the accession negotiations with Montenegro and Serbia, after both candidate countries expressed their acceptance of the new methodology. The changes will be accommodated within the existing negotiating frameworks with Montenegro and Serbia during the next Intergovernmental Conferences.
On 10 May, the EU, Japan and Djibouti carried out a trilateral joint naval exercise in the Gulf of Aden for the first time.
DBN Gets Tripple “AAA” Long Term Rating from GCR Global Credit Ratings (GCR), one of the leading rating agencies in Africa, has assigned the Development Bank of Nigeria a “AAA” Long Term National Scale rating. GCR stated this on its website. The conferment, which is the highest rating for financial institutions, is in line with […]
Cuba denounces impact of the US blockade on food security
Havana, May 10.- Cuban Foreign Minister Bruno Rodríguez emphasized today that the US blockade is responsible for the effects on food security on the island.
Through his Twitter account, the headline mentioned that the report ‘WFP Global Update on COVID-19’ of the United Nations World Food Program also accuses the northern siege in this regard.
‘This genocidal policy that seeks to bend our sovereign will due to hunger and necessity must cease,’ added the Foreign Minister.
In Nigeria erfasst Gewalt das ganze Land, nicht mal die Hauptstadt Abuja gilt mehr als sicher. Präsident Buhari steht unter Druck wie nie zuvor. mehr...
12 Banks Earned N461.51bn Interest In Three Months Twelve commercial banks in Nigeria earned a total of N461.51bn in net interest income in the first three months of this year, up from N451.14bn in the same period of 2020. An analysis of data from their unaudited financial statements for the period ended […]
NGX Begins Week With N59bn Gain The nation’s bourse opened trading for the new week on Monday on a positive note with a growth of N59 billion, following interests in Tier 1 banks. Specifically, the market capitalisation which opened at N20.431 trillion inched higher by N59 billion to close at N20.490 trillion. […]
