Banks Borrowed N11.01trn From CBN In 2022   Deposit Money Banks (DMBs) and Merchant Banks borrowing from the Central Bank of Nigeria (CBN) discount window known as the Standing Lending Facility (SLF) dropped to N11.01trillion in 2022, representing a decline of...

Despite Foreign Investors’ Exit, Stock Market Gained N5.62trn In 2022   Despite the economic challenges faced by the country in 2022, the stock market arm of the Nigerian Exchange Group (NGX) remained resilient as it gained N5.62 trillion in the past...

World Bank Says CBN Loan Repayments To Gulp 62% Of Revenue   The World Bank has projected that interest payments on the Federal Government’s borrowing from the Central Bank of Nigeria will gulp about 62 per cent of government revenue by...

Household Food Imports Rise By 71% In Four Years   Food and beverage imports for households rose by 71.12 per cent between the third quarter of 2018 and the corresponding quarter of 2022 despite the foreign exchange crisis in the country. This...

Crude Oil: Bonny Light Loses All 2022 Gains   Nigeria’s Bonny Light grade crude oil lost all its gains in 2022 after trading at $81.94 per barrel at the end of 2022, a drop of 8.26 percent from the $88.71 per...

Fuel Scarcity: Fed Govt To Inspect Stations’ Tanks   Oil marketers on Sunday said the Federal Government should evacuate and dispense the products currently trapped in the depots which were shut down recently by the Nigerian Midstream and Downstream Petroleum Regulatory...