We Will Step Up Interventions in Oil and Gas Sector for Enhanced Investment Values - Tinubu
President Bola Ahmed Tinubu has given an assurance that his government will continue to provide the needed interventions in the oil and gas industry in line with the provisions...
In Two Years, Nine Oil Producing States’ Debts Skyrocket Despite N1.88trn Derivation Fund
Despite receiving N1.885 trillion from the 13 per cent oil derivation fund in two years, the nine oil-producing states’ debts as a result of loans taken from local and foreign lenders have...
How External Debt Servicing Gulped $3.07bn in 10 Months – CBN
Latest data obtained from the Central Bank of Nigeria (CBN) has revealed that Nigeria spent about $3.07 billion towards servicing external debt.
This represents a 38 per cent increase, higher than the $2.22 billion spent...
Currency Outside Banks Surges To N3trn - CBN
Recent data released by the Central Bank of Nigeria (CBN) has revealed a notable spike in currency outside the banks during the month of November 2023, reaching unprecedented levels based on historical records.
According to the Money and...
FG Spends Over N5trn To Cover Electricity Subsidy In 10 Years
The federal government’s effort to subsidise electricity tariff for Nigerians has seen it cough out over N5 trillion in the last 10 years amounting to over 664 per cent growth, data from the Nigerian...
NNPCL To Pay Taxes, Royalties From $3.3bn Afrexim Loan
The Nigerian National Petroleum Company Limited (NNPCL) on Sunday, said it would prepay future royalties and taxes to the Federal Government from the $3.3bn financing deal it got from African Export-Import Bank last year.
NNPCL disclosed this...
