Cash Crunch: Governors Give Emefiele, Malami Tuesday Ultimatum To Obey Supreme Court   State governments, which sued the Federal Government on the naira redesign policy, have given the Central Bank of Nigeria Governor, Godwin Emefiele and the Attorney-General of the Federation...

Pension Investments In FGN Securities Rise To N9.64trn   Pension Fund Administrators have increased the value of investments in FGN Securities from N9.19 trillion as at September 30, last year to N9.64 trillion as at last December. This represents N451.82 billion increase...

First Oil From 2020 Marginal Field Bid Underway - NUPRC   Some of 2020 marginal field bid round investors are on the stage of striking their first oil. It would be recalled that the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) concluded the...

Nigeria’s Raw Material Imports Rise To N2.4trn   Nigeria spent at least N2.4tn to import raw materials from other countries in 2022, according to data collated from Foreign Trade Statistics of the National Bureau of Statistics (NBS). The data also showed that...

Oil Products Import Decline To N1.87trn In Q4, 2022   The National Bureau of Statistics (NBS) has said oil products imports dipped from N2.29trillion in the third quarter to N1.87 trillion in fourth quarter of last year. This was contained in a...

Report Reveals Economy Lost N20trn On CBN’s 70% Cash Mop-up   Nigeria’s economy is grinding to a halt and has lost about N20tn following the over 70 per cent mop-up of cash by the Federal Government through the Central Bank of...