$2.8bn Gas Pipeline Ready to Power 3,600MW plants, Says FG The Vice President, Prof. Yemi Osinbajo, on Monday announced that the $2.8bn Ajaokuta-Kaduna-Kano natural gas pipeline project being constructed by the Federal Government through the Nigerian National Petroleum Company Limited...

E-payments Rise to N49trn Over Naira Crisis - Report   The new industry statistics from the Nigeria Inter-Bank Settlement System ( NIBSS) showed that Nigerians used electronic gateways 1.35 billion times in March, 448.54 million times more than the 901.46 million...

BoI Group Assets Rise to N2.38trn   The Bank of Industry Group (BoI) revealed that its total asset rose by 39.2 per cent to N2.38trn as of the end of 2022 financial period. It said in a statement on Monday that the...

External Reserves Fell to $35bn in Two Weeks - CBN   The Central Bank of Nigeria report has revealed the country’s external reserves fell by $112.78m in two weeks to $35.42bn Figures obtained from the CBN’s data on the movement of external...

NRC Debt Servicing Hit N111bn, Generates N12bn – Report The Federal Government has spent $247.98m (which amounts to N111.23bn using the Central Bank of Nigeria’s December 30, 2022, official exchange rate of N448.55) servicing railway debts in the last two...

Buhari Says Marginal Oilfields Sale Generated N203bn   President, Muhammadu Buhari says the Federal Government under his watch made over N203bn from the sale of petroleum prospecting licenses to 161 firms in its last marginal fields bid round. “We implemented a marginal...