New Data Reveals NNPC’s Debts to FG, States Hit N1.055trn In Six Months   The total debts owed by the Nigerian National Petroleum Company Limited (NNPCL) to the federal and state governments have hit N1.055 trillion in the first six months...

Cashless Transactions Rise By 41%, Now N210trn Cashless transactions in Nigeria rose by 40.66 per cent year-on-year to N210.08 trillion in the first seven months of 2022, according to data from the Nigeria Inter-Bank Settlement System (NIBSS). From January to July...

FG To Raise N225bn New Bonds From Investors The federal government will today conduct its regular primary auction of new bond issuances with a view to raising additional N225 billion from the domestic capital market. Investment firms at the weekend doubled...

External Reserves Sheds $337m In Two Weeks Nigeria’s external reserves fell by $337 million in the first two weeks of August, maintaining its declining trend since the middle of last month. Data from the Central Bank of Nigeria showed that the...

FG Blames Vandalism, Theft, Subsidy As Nigeria’s N9trn Oil Revenue Becomes Threatened Nigeria’s oil production slumped by 28 million barrels between January and July 2022, threatening the Federal Government’s N9.37tn oil and gas revenue target by the end of the...

Despite Economic Challenges, Insurance Sector Recorded 6.2% Growth In Q1, 2022   The National Insurance Commission (NAICOM), has said that in spite of macro economic challenges which has bedeviled businesses in Nigeria, insurance sector recorded a year-on-year growth rate of 6.2...