CBN Expands Non-oil Export Rebate to Boost Dollar Inflows   The Central Bank of Nigeria (CBN) says it has expanded its non-oil export rebate scheme by opening it up to additional sectors in a bid to boost dollar inflows amid slumping...

Angola Emerges Top African Crude Oil Producer, Overtakes Nigeria Angola has emerged the topmost crude oil producer in Africa, upstaging Nigeria as the latter’s output level hits a new low. The direct communication data in the April 2023 monthly oil market...

FG Partners Investors to Deploy Five Million Solar Power to Communities   The Federal Government is partnering with investors to deploy five million solar power connections in communities that are not connected to the national electricity grid. Under its Solar Power Naija...

Blackout: PENGASSAN Predicts Power Supply Crisis to Linger   The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has disclosed that Nigerians looking forward to improved electricity supply may continue to wait as the dismal nature of the power...

Debt Servicing Rises To $112m Monthly - CBN   Data from the Central Bank of Nigeria’s Weekly International Payments showed that the Federal Government spent $112.35m servicing external debt in January 2023. The amount spent in January was 146.17 per cent higher...

FG Urges West African Operators to Reposition Industry   The Minister of Finance, Budget and National planning, Dr. Zainab Ahmed, has urged insurance operators in West Africa to reposition the industry for global competitiveness. She spoke at the West African Insurance Companies...