In the news: Naira further depreciates to N361.91
| Punch
NNPC plans 4,600MW power plants for Abuja, Kaduna, Kano The Nigerian National Petroleum Corporation on Wednesday announced that it would build power generating plants with combined capacity for 4,600 megawatts in Abuja, Kaduna and Kano states. Stocks end two-day losses, gain N54bn The Nigerian Stock Exchange reversed a two-day decline at the close of trade on Wednesday after the NSE market capitalisation appreciated by N54bn. Dispute: BUA welcomes Dangote’s decision on judicial process BUA International Limited has welcomed the decision of the Dangote Group to await the completion of the judicial process in the ongoing dispute by both parties over limestone mining sites. $1.3bn Malabu scam: Shell, Eni to face trial in Italy Royal Dutch Shell Plc and Italian oil major, Eni, would face trial in Italy over a $1.1bn bribery scandal in Nigeria, an Italian judge ruled on Wednesday. This Day DMO Lists $300m Diaspora Bank, $3bn Eurobonds on NSE, FMDQ OTC The Debt Management Office (DMO) wednesday announced that it will list the $300 million Diaspora Bond and $3 billion Eurobonds on the Nigerian Stock Exchange and Financial Market Dealers Quotation Over-the-Counter (FMDQ OTC) Securities Exchange respectively today. Nigerian Equities Market Rebounds on Bargain Hunting Nigerian equities market witnessed a rebound Wednesday after two days of bearish as the Nigerian Stock Exchange (NSE) All-Share Index appreciated by 0.40 per cent to close at 37,933.86. The Nation Reps to probe CBN over non-remittance of $5billion The House of Representatives is to investigate the Central Bank of Nigeria (CBN) for alleged under remittance of over $5billion to the Federation Account. Vanguard Naira further depreciates to N361.91 as volume drops by 86% The naira Wednesday suffered yet another biggest daily depreciation in the Investors and Exporters (I&E) Window as it depreciated by 66 kobo to N361.91 per dollar, triggered by an 86 percent decrease in dollar supply. Reuters Eni, Shell reject corruption charges in Nigeria case Eni says company, CEO acted correctly in opl-245 Nigeria concession deal. |
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