Nigeria’s Oil Production Rises to 1.35m barrels/day, Highest In 2023 - Report The Nigerian Upstream Petroleum Regulatory Commission's report has shown that the nation’s crude oil output rose to an all-time high of 1.35 million barrels per day in September 2023, the highest volume so...

LCCI Decries High Importation of Loans, Bonds in Manufacturing Sector The Lagos Chamber of Commerce and Industry (LCCI), yesterday, noted that the capital imported into the manufacturing sector in the first half of the year was largely in the form of loans and bonds, reflecting...

NGX Trading Closes Big as 16 Investors Lift Market Cap by N63bn The Nigerian Exchange Limited investors at the close of trading on Wednesday lifted the market capitalisation by N63bn. Transcorp recorded gain of (+5.41 per cent), BUA Cement (+2.23), Flour Mill (+0.47 per cent) and...

FG Warns States Against Mining Regulation, Says it's Unconstitutional The Federal Government through the Minister of Solid Minerals Development, Dr Oladele Alake, has said that state governments have no power to regulate mining activities. He also said the ban by states on mining was illegal and...

Inflation: IMF Tasks FG to Protect Citizens from Crisis The International Monetary Fund has commended the Nigerian government for removing the fuel subsidy but noted that efforts must be made to protect poor citizens from the high cost of living crisis. Specifically, the Washington-based lender said...

Currency in Circulation Hit N2.76trn in September 2023 - CBN Latest data released by the Central Bank of Nigeria (CBN) has revealed that the currency in circulation reached N2.76 trillion as of September 2023. This marks a 14.5 per cent year-on-year (y-o-Y) decline from the N3.23...