Oil Exploration: NNPCL To Boost Reserves To 50 Billion Barrels   The ongoing oil exploration in Nigeria’s frontier basins is to grow the country’s crude oil reserves from 37 billion barrels to 50 billion barrels, the Nigerian National Petroleum Company Limited...

Customs Rake In N54bn Revenue In Three Months   The Nigerian Customs Services (NCS) says it generated over N54 billion revenue from its operations in Area 2 Command, Onne Port, Rivers State, between January and March, 2023. The Comptroller, Baba Imam, who...

Stock Market Depreciates By N341bn Amid Profit-taking   The profit-taking continued to dominate the stock market of the Nigerian Exchange Limited (NGX) as the capitalisation down by N341 billion amid sustained negative investors’ sentiment. The NGX All Share Index (ASI) decreased by...

CBN Bars Banks, Financial Institutions Seeking Upgrade From Expansion   The Central Bank of Nigeria (CBN) has barred banks and other financial institutions seeking a conversion licence from expanding or reducing their current banking network in its new draft guidelines. The CBN...

Fed Govt $22bn Loan Request Declined By Chinese Bank – Reps   The House of Representatives, on Tuesday, approved the request by the Federal Government to borrow $973,474,971.38 from China Development Bank. This followed the decision by the China-Exim Bank to reject...

Domestic Airfares Increase By 66% In 2022 – NBS   The National Bureau of Statistics (NBS) has revealed that domestic air transport fares increased by 66.36 per cent in the last one year. In its latest report titled ‘Transport Fare Watch (February...