Zero Gas Flare Still A mirage As Nigeria Loses N243.23bn   Despite promising to bring an end to the practice of gas flaring, Nigeria’s flared natural gas hovers around 218.9 billion standard cubic feet, translating to N243.23 billion. Monthly industry statistics published by the Nigerian National Petroleum...

CBN Releases October Treasury Bills Auction Results   The Central Bank of Nigeria has released the results of its Treasury bills auctioned on October 30, 2019. It said the range of bid rates for the 91-day tenor was 9.2500 to 11.0000 while that of the 182-day tenor...

Banks’ Contract Staff Rise To 46,235   The number of full-time workers in the banking industry has been on the decline as contract employees have doubled in the past two years, rising from 20,237 to 46,235, investigation has revealed. Figures obtained by our correspondent on Wednesday showed...

FG To Spend N2.45trn On Debt Servicing In 2020   The Federal Government plans to devote N2.45trn (about 24.5 per cent) of its N10.002trn 2020 budget estimates on debt servicing, according to the Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) submitted to the National...

Border Closure: Prices Of Diesel, Petrol, Kerosene Skyrocket – NBS Data   National Bureau of Statistics Despite Federal Government’s partial closure of borders to monitor smuggling, prices of petrol, kerosene and diesel skyrocketed in August. Data sourced from the National Bureau of Statistics (NBS) show that while...

Inflation Dropped To 11.02% In August, NBS Says   The National Bureau of Statistics on Tuesday said the Consumer Price Index, which measures inflation, dropped from 11.08 per cent in July to 11.02 per cent in August. The bureau in the report stated that inflation rate of...