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LAGOS, April 20 (Reuters) – Waiting at a crowded bus stop for a ride to work, Osheme Antoine dreams of raising a big family one day. Such dreams, shared by millions, mean Nigeria’s bus queues are likely to get even longer in decades to come. President Muhammadu Buhari’s budget plan for this year boosts investment […]

LAGOS, April 20 (Reuters) – Yields are expected to rise at Nigeria’s local currency denominated treasury bills auction on Wednesday in tandem with a higher inflation figure for March and possible increase in interest rates by the central bank at its meeting next month. Africa’s biggest economy plans to raise 167.51 billion naira ($845 million) […]

NAIRA (N) USD ($) EURO (€) GBP (£) BUY/SELL BUY/SELL BUY/SELL 20/4/2016 319/322 355/360 445/450 19/4/2016 319/322 355/360 445/450 18/4/2016 317/320 360/365 445/450 15/4/2016 320/323 360/365 445/450 14/4/2016 319/322 358/364 445/450  

  • dollar to naira

By Raymond Baker As millions of leaked confidential documents from one of the world’s most secretive companies, Panamania law firm Mossack Fonseca, surface to reveal the extent of the use of tax havens by the rich and powerful, it is worth remembering the global scale and significance of the problem. The December 2015 report from […]

(Bloomberg) — Kuwait won’t negotiate with oil workers as long as a strike that has pared output in the OPEC nation continues, the acting oil minister said. The government will use all legal ways to guarantee operations and won’t allow any tampering with state facilities, Anas Al Saleh said in an interview on Alrai television. Oil […]

  • Shell

Shell Petroleum Development Company (SPDC) and the Joint Venture (JV) partners remitted $42 billion to the Nigerian Government between 2011 and 2015. Nigeria’s Nation newspaper report on Tuesday said that Royal Dutch Shell’s 2015 Sustainability Report released on Monday stated the oil giant also paid royalties and corporate taxes worth $1.1 billion to the Nigerian […]

Oil prices rose on Tuesday as an oil workers strike in Kuwait nearly halved crude production from the OPEC member, overshadowing bearish sentiment following Sunday’s failure by oil producers to agree to freeze output levels. Thousands of Kuwaiti oil workers downed tools for a third day on Tuesday to protest against planned public sector pay […]

April 19, 2016 At a the conclusion of the 2016 World Bank/IMF Spring meeting in Washington D.C., Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN) spoke at a press conference, saying that the Federal Government of Nigeria is in talks with China concerning the increase of exports to the Asian superpower. According […]

  • gas opportunities

LAGOS, April 19 (Reuters) – Nigeria’s state oil firm NNPC has launched bidding to find partners to overhaul its ailing refineries, it said in a tender published on Tuesday. Africa’s top oil producer has been trying to restart its refineries, which hardly produce any petrol due to decades of mismanagement and widespread graft. Motorists have […]

NAIRA (N) USD ($) EURO (€) GBP (£) BUY/SELL BUY/SELL BUY/SELL 19/4/2016 319/322 355/360 445/450 18/4/2016 317/320 360/365 445/450 15/4/2016 320/323 360/365 445/450 14/4/2016 319/322 358/364 445/450 13/4/2016 319/322 358/364 444/450