Banks’ Borrowings From CBN Rise By 464% To N4.95trn   Banks’ borrowings from the Central Bank of Nigeria (CBN) Standing Lending Facility (SLF) rose year-on-year (YoY) by 464 percent to N4.95 trillion in the first quarter of 2023 (Q1’23) from N877...

Fuel Depots Shutdown Amid Scarcity   Motorists, workers and traders were yesterday caught unaware by the sudden reappearance of fuel scarcity across the states and the Federal Capital Territory (FCT). While at some bus stops, hordes of commuters struggled to board commercial...

Report Reveals NGX Domestic Transactions Decline By 45%   The level of domestic transactions on the Nigerian Exchange Limited (NGX) has dropped by 45.30 per cent in 16 years, from N3.556tn in 2007 to N1.945tn in 2022. This was revealed in a...

Subsidy: NNPC Sells Petrol In Lagos For N488 And N537 In Abuja, PH N511   The long awaited price for petrol was effected by NNPC limited Wednesday morning providing clarity around prices post the removal of the controversial subsidy which cost...

'N11trn Spent On Moribund Refineries In 13 Years'   The House of Representatives Ad Hoc Committee on the State of Refineries in the Country has said the Federal Government spent a total sum of N11,349,583,186,313.40 from 2010 to date. The Chairman of...

DMO Canvasses Revenue Growth, Spending Cuts   The Debt Management Office (DMO) in a tweet on Tuesday, stressed the need for Nigeria to boost revenue and manage spending like Indonesia, which is also an oil-producing country. The tweet read, “Indonesia, a fellow...