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Chijioke Ohuocha

Nigeria seeks $62 billion from oil companies: attorney general

10 Oct 2019

LAGOS Nigeria is seeking $62 billion from oil companies under regulations that allow the government to revisit revenue-sharing deals on petroleum sales if crude prices exceed $20 a barrel, the attorney general told Reuters on Thursday.

UPDATE 2-Nigeria seeks $62 bln from oil companies -attorney general

10 Oct 2019

LAGOS, Oct 10 Nigeria is seeking $62 billion from oil companies under regulations that allow the government to revisit revenue-sharing deals on petroleum sales if crude prices exceed $20 a barrel, the attorney general told Reuters on Thursday.

UPDATE 6-Nigeria levies $1.3 bln charge on banks for failing to meet loan target

03 Oct 2019

* Central bank trying to boost lending to support growth (Adds comment on bankers meeting with central bank)

UPDATE 1-Nigeria's central bank pressures lenders with loan requirement increase

02 Oct 2019

* * Lenders to meet new loan requirement by year-end (Adds analyst comment, banking stocks, overnight rates)

RPT-Nigeria uses tax credits for private firms to boost infrastructure

05 Sep 2019

ABUJA, Sept 5 Nigeria is using a system of tax credits to encourage private companies to share the cost of infrastructure projects as part of a drive to diversify Africa's biggest economy away from its reliance on oil sales, the country's tax chief said.

Nigeria uses tax credits for private firms to boost infrastructure

04 Sep 2019

ABUJA, Sept 4 Nigeria is using a system of tax credits to encourage private companies to share the cost of infrastructure projects as part of a drive to diversify Africa's biggest economy away from its reliance on oil sales, the country's tax chief said.

UPDATE 3-Under siege in Nigeria, South African businesses shut stores

04 Sep 2019

* Riots sparked reprisal attacks on S. African business in Nigeria

MTN Nigeria launches money transfer service

29 Aug 2019

LAGOS Nigeria's biggest telecoms firm MTN has launched a mobile money transfer service, targeting those without bank accounts, and said on Thursday it plans to become a payment services bank once it obtains approval from the central bank.

UPDATE 1-MTN Nigeria launches money transfer service

29 Aug 2019

LAGOS, Aug 29 Nigeria's biggest telecoms firm MTN has launched a mobile money transfer service, targeting those without bank accounts, and said on Thursday it plans to become a payment services bank once it obtains approval from the central bank.

Nigeria's central bank stops credit payments for milk imports

27 Aug 2019

LAGOS Nigeria's central bank has told lenders to stop processing milk imports on a credit basis, bankers said on Tuesday, after the bank last month said would ban access to foreign currency for the imports to spur local production.

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