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Reuters
Nov 9
Comment
Nigeria's First City Monument Bank (FCMB) said on Monday it had swung to a pre-tax loss of 479 million naira in the six months to the end of October.
Reuters
Nov 5
Comment
Nigeria will export an average of 1.97 million barrels per day (bpd) of crude oil in December, up from a revised 1.92 million bpd in November and the highest volume since July, trade sources said on Thursday.
Reuters
Nov 5
Comment
Nigeria's bank bailout will not push its fiscal deficit above three percent of GDP and all of the rescued banks will survive in one form or another, Central Bank Governor Lamido Sanusi said on Thursday.
Reuters
Nov 5
Comment
Nigeria's central bank said on Thursday it would allow shareholders in Equitorial Trust Bank, rescued last month as part of a $4 billion banking sector bailout, to recapitalise the bank by the end of June 2010.
Reuters
Nov 4
Comment
Nigeria's First Bank intends to use a planned 500 billion naira bond to help fund acquisitions both in Nigeria and abroad, its chief executive said on Wednesday.
Reuters
Nov 4
Comment
Nigeria's largest cement producer, Dangote Cement, is investing in new production plants around Africa to establish itself as a continental market leader before a planned listing in London, an executive director said.
Reuters
Nov 4
Comment
Nigerian telecoms firm Starcomms said on Wednesday its core earnings (EBITDA) had more than quadrupled to 6.74 billion naira in the nine months to the end of September.
Reuters
Nov 4
Comment
Government bond yields in Nigeria will fall further if the latest measures announced by the country's monetary policy committee to try to boost liquidity are successful, traders said on Wednesday.
Reuters
Nov 4
Comment
Royal Dutch Shell is mulling a second phase of expansion at its gas and oil project in Nigeria that would see a total of 3.4 trillion cubic feet of gas extracted, a senior official said on Wednesday.
Reuters
Nov 4
Comment
Nigeria will forge ahead with the abolition of fuel subsidies despite the threat of a general strike but will not change pump prices until consultations with the unions are concluded, the presidency said late on Tuesday.
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