Petrol Subsidy Now N47.5/litre As Oil Price Hits $67.86   The subsidy on Premium Motor Spirit, popularly known as petrol, has risen to N47.5 per litre as the expected open market price of the commodity hit N180.78 on Monday, latest data from the Petroleum Products Pricing...

FMDQ Records N181.4trn Turnover In 8 Months   FMDQ OTC Securities Exchange recorded a turnover of N181.4tn in eight months. Data obtained from the FMDQ on Monday showed that the exchange recorded N15.08tn turnover in January, N19.18tn in February, and N28.98tn in March. In April, May and June,...

Inflation Rises To 11.85% In November - NBS   The National Bureau of Statistics (NBS) said inflation increased by 11.85 per cent year on year in November 2019. The NBS made this known in ITS Consumer Price Index (CPI) and Inflation report for November released on Tuesday. The...

Insurance Sector Rose By 6.6% In Q3 – NBS   The Nigerian insurance sector grew by 6.69 per cent year-on-year in the third quarter of this year, according to the National Bureau of Statistics. The NBS, in its latest gross domestic product report, said the finance and...

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...