Bank Borrowing From CBN Rises By 260% To N21.87trn   Deposit Money Banks borrowed the sum of N21.87tn from the Central Bank of Nigeria via the Standing Lending Facility window and Repurchase Lending platform in 2020, according to the CBN financial...

In Three Months, Oil Earnings Increase By N363bn   Nigeria is making progress in oil earnings following improvements in security in the Niger Delta region, as the country raked in an additional N363bn from crude oil sale in the months of...

Stock Investors Record N446bn Gain   Stock investors on the Nigerian Exchange ended the week with a gain of N446bn following sustained buying interest in the local bourse ahead of the 2022 fourth quarter financial year earnings result. The Nigerian bourse at...

Technical Problems Responsible For Oil Production Decline - World Bank   The World Bank has stated that technical problems, insecurity, rising production costs, theft, lack of payment discipline in joint ventures, etc. were responsible for the 40 per cent decline of...

Nigeria To Earn N6trn Yearly From Fuel Subsidy Removal, Says CPPE     The removal of fuel subsidy would unlock a minimum of N6 trillion in revenue into the federation account annually. This was disclosed by an economic think tank, the Centre for...

International, Bilateral Electricity Consumers Owe Nigeria N4.71bn   International and bilateral power consumers that get supply from Nigeria owe the country about N4.71bn, figures obtained on Sunday from the Nigerian Electricity Regulatory Commission (NERC) showed. It was gathered that the 10 international,...