Currency in Circulation Rose To N3.15trn In November – CBN   The currency in circulation rose from N2.97tn at the end of October to N3.15tn in November, according to figures obtained from the Central Bank of Nigeria. The CBN data showed that the currency in circulation increased...

Currency In Circulation Hits N3trn In November   The Central Bank of Nigeria (CBN) has disclosed that the currency in circulation grew by 6.2 per cent from N2.97trillion in October to N3.15trillion in November 2021. Currency in circulation hits the historical N3trillion mark in November 2021 as...

FG, States Share N676bn For November   The three tiers of government in the country shared N675.946 billion from the federation account for November on Friday. Mr Olajide Oshundun, Acting Director, Information, Ministry of Finance, Budget and National Planning stated this on Saturday in Abuja. The federal government...

NNPC Expends N83.33bn On Dormant Refineries In 10 Months     The Nigerian National Petroleum Company (NNPC) Limited, spent N83.33 billion on the country’s non-functional petroleum refineries in the first 10 months of 2021, according to latest data from the national oil company. Documents from the NNPC on...

November Oil Production Increases To 1.44m Daily – Report     In a related development, Nigeria, Africa’s largest oil producer, produced 1.44 million barrels per day in November, a rise of 70,000 bpd from the previous month, as output from Bonny Light and Erha fields rebounded, according...

External Reserves Lost $610m In November     The nation’s external reserves fell by $610m last month, figures obtained from the Central Bank of Nigeria on Thursday revealed. The reserves dropped to N$41.22bn as of November 29 from $41.83bn on October 29. The CBN also disclosed that at the...