Petrol Ex-depot Price Rises by 7.6% to N608/Litre
The Ex-depot price of petrol, yesterday, rose by 7.6 per cent to N608 per litre from N565 per litre in Lagos and environs.
A visit to private depots in Lagos showed that independent marketers, who lift at N608...
Five Tier-1 Banks Raked in N1.74trn Profit in Nine Months
United Bank for Africa Plc (UBA), Zenith Bank Plc, and three other financial institutions generated N1.74 trillion profit in 9 months ended September 30, 2023, representing an increase of 168 per cent over N648.84 billion...
Naira Devaluation Boosts Govt Revenue by N713bn
The government has made a N713.1bn revenue windfall from the devaluation of the naira, an analysis of the government’s earnings has shown.
The devaluation of the naira in June was meant to boost the country’s foreign exchange earnings and...
NNPCL Unveils New Crude Grade
The Nigerian National Petroleum Company Limited (NNPCL) on Tuesday said it had launched a new crude oil grade ‘Nembe’, and had shipped its first cargo in October consisting of two 950,000 barrels.
A report by Reuters quoting the executive director of...
In Six Months, Nigeria’s Foreign Trade Hits N12.74trn
Nigeria’s import and export trade as of June 2023 stood at N12.74 trillion.
This was contained in the 2024-2026 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) prepared by the Budget Office of the Federation and...
Oil & Gas, Manufacturing Sectors Get 55.5% of Loans in H1, 2023
Two sectors, Oil and Gas, and the manufacturing sectors dominated banks’ lending in the first half of the year, H1’23, accounting for 55.5 per cent of the N8.03 trillion increase in loans during...
