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...

Nigeria Records First Foreign Portfolio Surplus In Five Years   Nigeria’s foreign portfolio investments (FPIs) status has witnessed a major turnaround with yearly inflows outweighing outflows for the first time in five years. Latest annual trading data on FPI showed that foreign...

Emefiele Confirmed To Me Old Naira Notes Are Now Acceptable - Soludo   There are strong indications that the federal government has decided to obey the Supreme Court ruling on the continuous use of old naira notes till December 31, 2023. Commercial...