Afreximbank Engages Oil Traders in NNPCL $3bn Loan Funding
The African Export-Import Bank, Afreximbank, has commenced talks with oil traders for the execution of the $3 billion emergency loan to Nigeria through the NNPC Limited.
An authoritative oil market source told Reuters this yesterday.
The loan comes...
E-banking Services Gulp N154bn from Bank Customers in Q1, 2023
Customers of nine leading commercial banks paid N154 billion fee for using electronic banking services in the first half of the year (H1’23).
Details of the banks’ financial statements for H1’23 showed that the fee represents...
FG Spends N34bn on Vandalised Pipelines in 18 Months -Report
The Nigerian National Petroleum Company Limited spent almost N34.47bn to repair and manage pipelines in 18 months due to the pipeline vandalism challenges faced in the country.
The latest Oil and Gas Report released by the...
Food Prices up 31% in 1 Year - NBS
The National Bureau of Statistics report says food prices jumped by 31 per cent in 12 months from July 2022 to July 2023.
According to the analysis of NBS report titled ‘Selected Food Price Watch,’ Ebonyi and...
FG Says Car, Fuel Imports Gulp $46bn Annually
The Special Adviser to the President on Economic Affairs, Tope Fasua, on Tuesday, urged the Central Bank of Nigeria to reduce the number of bureau de change operators in Nigeria from over 5,000 to about 200.
Fasua, a...
FG Rules Out Fresh Taxes, Charges in Aviation
Minister of Aviation and Aerospace Development, Mr Festus Keyamo, yesterday said the plan to improve the revenue generation by aviation agencies was not tantamount to raising taxes and charges.
However, he said the federal government’s intention was to...
