The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti  Baru, yesterday said $48billion oil and gas investment opportunities have been identified in the country. Speaking on ‘Insights on Future Exploration Hotspots: Opportunities for Africa’s Oil & Gas Industry, at the 2019 International Petroleum Week conference in London, Baru urged investors to invest in…

Naira appreciates to N358 in parallel market

The Naira, yesterday, appreciated to  N358 .5 per dollar in the parallel market. According to naijabdcs.com, the live exchange rate platform of the Association of Bureaux de change Operators of Nigeria (ABCON), the parallel market exchange rate fell to N358 per dollar yesterday from N360 per dollar the previous week, indicating N2 appreciation for the…

Foreign Investors stake $1 billion on treasury bills

Despite the approaching elections, which has seen foreign portfolio investors exit Nigeria, some others apparently hold a contrarian view. Sources familiar with the transaction, revealed $1 billion in fresh funds was channelled to buying treasury bills last week. While foreign portfolio investors holding equities may have largely pulled out, regardless of who wins the elections,…

Speculators mop up land in Lagos’ $15bn free trade zone

Some real estate investors/developers and speculators are raising stake in land purchase in Ibeju-Lekki communities, home of Lekki Free Trade Zone (LFTZ), Lagos, New Telegraph has learnt. According to investigation, more than 200 property firms, business owners and home seekers are jostling for space in the corridor, acquiring large expanse of lands, while others have…

US, France, others show interest in Nigeria Air – FG

The governments of the United States of America and France are interested in Nigeria Air, the Federal Government announced on Thursday. It also dismissed claims that the process for the establishment of the national carrier was suspended due to the lack of investors. Speaking at the 5th Aviation Stakeholders’ Forum in Abuja, the Minister of State for…