Investors Gain N328bn As Stock Market Hits Seven-month High
Equity investors gained N327.65bn on Thursday as the Nigerian Exchange Limited’s core index rose to its highest in eight months amid bullish buyer interest.
The NGX ASI rose by 1.59 per cent at the end of trading...
Nigeria, Others Losing $82bn To Gas Flaring Annually
By flaring, rather than utilising gas for power generation or other domestic needs, Nigeria and other nations involved in such act , could lose up to $82bn a year due to global gas flaring, says GlobalData report.
The...
FEC Okays N3.11bn For Communication, Education Projects
The Federal Executive Council on Wednesday approved N3.11bn for contracts in the Ministries of Education and Communication and Digital Economy.
The Minister of Information and Culture, Lai Mohammed, disclosed this while briefing State House correspondents at the end of...
Petrol subsidy Now N905.27bn, Oil Price Rises To $79.71
The Nigerian National Petroleum Corporation spent a total of N905.27bn on petrol subsidy in eight months amid rising global oil prices, the latest data obtained from the corporation show.
With the international oil benchmark, Brent crude, nearing...
NNPC Struggles To Remit N349.2bn Of Projected N1.465trn To FAAC
Out of a possible N1.46 trillion the Nigerian National Petroleum Corporation (NNPC) budgeted as revenue payment to the nation in the first seven months of 2021, the corporation has only been able to remit N349.254...
Credit To Private Sector Rises By N498.6bn In August
The Central Bank of Nigeria (CBN) has disclosed that credit to private sector went up by N498.6billion in August to N33.26trillion from N32.8trillion reported in July 2021.
The N33.36trillion figure announced by the CBN is a new...
