Nigeria Oil Output Drops 6.8% to 1.23 mbpd as Libya Emerges Africa's Highest Producer
Libya has emerged as the highest crude oil producer in Africa following the drop of Nigeria’s output by 6.8 per cent to 1.23 million barrels per day in March 2024, from...
Naira Gains at Parallel Market, Exchanges for N1,150/$1
The value of the naira has strengthen at the parallel market on Thursday as the three-day public holiday was rounding up, selling around N1,150 to the dollar compared to N1,200 which it sold on Monday this week.
According...
Electricity Tariff May Drop If Exchange Rate Falls Below N1,000 – Adelabu
The Minister of Power, Adebayo Adelabu, says the N225 Kilowatt-Hour being paid by electricity consumers on Band A will reduce if the exchange rate falls below N1,000 to a dollar.
Adelabu said this Thursday...
Power Generation Drops 32.31%, NESO Says
Amidst on-going dust raised by the new electricity tariff at the backdrop of inadequate power supply, electricity generation nosedived to 2,775 megawatts, MW, yesterday, a 32.3 percent decline from 4,099.87MW recorded last week.
This was contained in the data released...
Manufactured Goods Imports Rise 269% to N9trn – NBS
The value of manufactured goods imported into the country rose Year-on-Year (YoY) by 268.76 percent to N9.03 trillion in the fourth quarter of 2023 (Q4’23) from N2.45 trillion in the same period in 2022.
The figure also...
FG Pays N4.83tn of Ways and Means Advances – Wale Edun
The federal government used part of the Nigerian Treasury Bills (NTBs) and Bonds issued in 2024 to pay down Ways and Means advances from the Central Bank of Nigeria (CBN) by N4.83 trillion, the...
