DMO Says Nigeria Has Not Defaulted In Repaying Chinese Loans   The Debt Management Office (DMO) has refuted the claim by a non-governmental organisation, Socio-Economic Rights and Accountability, that Nigeria has defaulted in repaying its Chinese loans. SERAP in a statement yesterday...

IOCs, Indigenous Oil Firms To Develop $50bn Projects In Five Years – NCDMB   The Nigerian Content Development and Monitoring Board (NCDMB) has said that oil and gas investment opportunities valued at over $50 billion and projected to be developed within...

Currency Outside Banks Rise To N2.34trn In April   Currency outside the banks has spiked for the fourth consecutive month to N2.08trillion in April 2023, about 87.43 per cent of total currency in circulation (CIC) that closed that month under review...

BoI Assets Increase By 39% To N2.38trn   The Bank of Industry (BoI) said its asset base rose from N1.71tn to N2.38tn in 2022 financial year. The Chairman, Board of Directors (BoI) Mallam Aliyu Dikko, disclosed this during the bank’s 63rd annual...

Global Oil Demand To Rise By 2.33m bpd In 2023 – OPEC   For the third month running, the Organisation of Petroleum Exporting Countries (OPEC )has barely changed its forecast of global oil demand, predicting growth of 2.33 million barrels per...

Nigeria Imported N1.5trn Raw Sugar In Six Years   Nigeria’s importation of raw sugar rose to N1.54tr between 2017 and 2022, an analysis of quarterly reports of the country’s foreign trade reports released by the National Bureau of Statistics (NBS) has...