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Report: FG Rakes Oil Revenue Worth N1.4tn in February

Report: FG Rakes Oil Revenue Worth N1.4tn in February The Federal Government earned the sum of N1.4tn from oil export in February. Earnings from oil export rose marginally last month, as oil output increased by 100,000 barrels per day, amounting to a rise of 2.8 million...

Despite CBN’s Defence Measures, Naira Tumbles By 51.95%

Despite CBN’s Defence Measures, Naira Tumbles By 51.95%       The value of the naira to the dollar fell from 196.99 in December 2015 to 410 in April 2021, reflecting a 51.95 per cent decline despite the various foreign exchange policies introduced by the Central Bank of...

Experts Blame Forex, Insecurity, Low Production As Inflation Hits 18.17%

Experts Blame Forex, Insecurity, Low Production As Inflation Hits 18.17%       Nigeria’s rate of inflation, which has maintained a continuous increase for more than a year, rose again in March, hitting a high of 18.17 per cent, according to data released on Thursday by the National...

Reps Urge Extension of SIM Card Registration, NIN Linkage Deadline

Reps Urge Extension of SIM Card Registration, NIN Linkage Deadline         The House of Representatives yesterday urged the federal government to extend the deadline for the synchronisation of subscribers’ SIM card registration with their National Identification Number (NIN) by telecommunication service providers to 10 weeks. The Minister...