Rahma Oladosu

All-commodity Terms Of Trade Drops By 0.14% in Q1, 2022

All-commodity Terms Of Trade Drops By 0.14% in Q1, 2022   The National Bureau of Statistics (NBS) said that the All-commodity Terms of Trade (TOT) index fell by 0.14 per cent in the first quarter of 2022 (Q1 ’22). This represents a...

Fuel Scarcity Worsens In FCT, Lagos, Others

Fuel Scarcity Worsens In FCT, Lagos, Others   Fuel scarcity worsened in Lagos, the Federal Capital Territory and other parts of the country on Tuesday, resulting in motorists spending hours at filling stations. For oil marketers, the solution to the worsening fuel...

Stock Rebounds As Market Capitalisation Rises By N180bn

Stock Rebounds As Market Capitalisation Rises By N180bn   The market capitalisation of the Nigerian Exchange NGX closed trading on Tuesday with a gain of N180 billion to close at N27 544 trillion against N27 364 trillion posted on Wednesday halting...

Banks Record N1.21trn Non-performing Loans

Banks Record N1.21trn Non-performing Loans   The total non-performing loans in the banking sector hit N1.21tn as of the end of February 2022, figures obtained from the Central Bank of Nigeria (CBN) have revealed. The CBN stated in reports obtained from the...

Report Says Nigeria’s Budget Transparency Increased By 45%

Report Says Nigeria’s Budget Transparency Increased By 45%   The transparency level of the federal government’s budget has moved upwards to 45 per cent, a report from the 2021 Open Budget Survey (OBS) has shown. The report, which was unveiled in Abuja...

States To Lose N19bn In Oil, Gas Revenues In 2022 – World Bank

States To Lose N19bn In Oil, Gas Revenues In 2022 – World Bank   The World Bank has said that Nigerian states will likely lose N18.8bn in oil and gas revenues in 2022, as worsening revenue collection at the federation level...
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