In 7 Days, Stock Investors Lose N150bn   Investors on the Nigerian Exchange Limited, suffered N150bn loss last week as bears dominated trading, halting consecutive weeks of upward movement. The dip was attributed to sell-offs and profit-taking in high-priced and blue-chip stocks. The...

Daily Petrol Consumption Drops To 52m Litres   Average daily consumption of premium motor spirit (petrol) in Nigeria has dropped from 64,964,000 per day recorded on June 30, 2023 to 52 million. Daily truck out as at August 14 stands at 1,306...

CBN Releases N38bn Loans To Mortgage Banks   The Central Bank of Nigeria (CBN) disbursed loans and advances worth N37.6bn to mortgage banks in 2022; the audited financial statement of the apex bank has shown. The mortgage banks that received the loans...

Naira Redesign, Others Gulped N74bn In 2022, Says CBN   It cost the Central Bank of Nigeria (CBN) and its subsidiary about N74.84bn to produce and roll out currencies, including new naira notes, in 2022. Despite the scarcity of naira that plagued...

How Nigeria Lost N249bn In July Due To Oil Output Shortage   Nigeria lost about N249bn crude oil revenue in July following a plunge in the country’s oil output by over four million barrels in the same month, latest oil production...

Now that Prof. Muhammed Ali Pate is the Minister, So What Next? by Henry Anibe Agbonika   Finally, Professor Muhammed Ali Pate is “The Minister”. Beyond initial expectations, he is not just Nigeria’s Minister of Health but the Coordinating Minister of...