True Dominion Enterprises Ltd

Thursday, 27 April 2017

Ajaokuta: Lawyer slams N500m defamation charge on Ifeanyi Ubah, Authority Newspaper, others

Kunle Kalejaye 27 April 2017, Sweetcrude, Lagos — Activist and Lawyer Barrister Natasha Akpoti has added Ifeanyi Ubah and Authority Newspaper in N500 million suit before Abuja Federal High Court for defamation of character in a series of publication on her involvement in reviving Ajaokuta Steel Company of Nigeria and the Nigeria Iron Ore Mines […] More »

Financial market products & services update

27 April 2017, Sweetcrude, Houston — The local and international financial market products and services update. NIGERIA: Following last Tuesday’s assurances by the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, that the CBN would continue to intervene in the foreign exchange market, the bank Wednesday auctioned the sum of $185.86 million […] More »

Nigeria impounds foreign vessel for alleged theft of Shell crude

27 April 2017, Port Harcourt — Nigeria detained a vessel with crew members from countries including Pakistan, Indonesia, and Ukraine for alleged theft of crude from a facility owned by Royal Dutch Shell Plc, the navy said. The tanker, MT TECNE, was apprehended before dawn on April 25 while loading crude from the Afremo platform […] More »

Nigeria’s Buhari seeks approval of $7 billion borrowing plan

27 April 2017, Abuja — Nigerian President Muhammadu Buhari asked lawmakers to approve a plan for the government to borrow $7 billion through 2018 to develop railroads and support an economic recovery. The Export-Import Bank of China approved several loans for railroad projects, including $3.5 billion to build a line connecting the commercial capital, Lagos, […] More »

OPEC daily basket price close at $49.63/b

27 April 2017, Sweetcrude, Vienna, Austria — The price of OPEC basket of thirteen crudes stood at $49.63 a barrel on Wednesday, compared with $49.21 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Rabi Light […] More »

CBN predicts an end to recession in Q3 2017

*Foreign reserve hits $31b 26 April 2017, Sweetcrude, Abuja — The Central Bank of Nigeria, CBN, Governor, Godwin Emefiele, has said the country will be completely out of recession by the second or first half of the third quarter Q3 2017. Emefiele spoke after emerging from a closed session with Senate President, Abubakar Bukola Saraki, […] More »

Subscribe to: Posts ( Atom )