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...

Oil Firms Borrowed N130bn From Banks In February – CBN     Operators in the downstream, natural gas and crude oil refining sectors of the Nigerian oil and gas industry borrowed N130bn from Nigerian banks in February amid the significant rise in global crude oil prices. The debt...

FCT Councils, Others Share N3.7bn In February       The Federal Capital Territory (FCT) administration has disbursed a total sum of N3.736 billion in February as against the N3.8 billion shared in January 2021. The money was disbursed to the six area councils and other stakeholders in the...

Nigeria’s Inflation Rises Again, Hit Four-year High February     The consumer price index which measures inflation increased by 17.33 per cent (year-on-year) in February 2021. The National Bureau of Statistics on Tuesday revealed this in its report on Consumer Price Index for the month of February. This marked...

LCCI Projects Higher February Inflation       The Lagos Chamber of Commerce and Industry (LCCI) has projected an increase within the range of one per cent in the headline inflation index for last month. The LCCI made this known in a report entitled: “Spiraling Inflation: Cost implications for...