Petrol Retail Price Rose to N630.63 in October – NBS   The National Bureau of Statistics (NBS) says the average retail price of a litre of petrol increased from N195.29 in October 2022 to N630.63 in October 2023. It made the declaration in its Petrol Price Watch...

MAN Faults Government Policies for Declining Manufacturing Growth The Manufacturers Association of Nigeria (MAN) has blamed the Federal Government’s inconsistent policies for the declining growth of the nation’s manufacturing sector. According to MAN, the declining growth rate is not unconnected to the policies that are inimical...

Nigeria’s October Oil Output Fell To 1.37m bpd     Nigeria’s crude oil production dropped to 1.37 million barrels per day last month from 1.39 million bpd, a survey by Platts showed on Monday. The country’s oil production in October was 261,000 bpd below the quota given to...

Merchant, Commercial Banks’ Borrowing From CBN Drops By 33.2% In October   Following the improvement in business activity in the country, commercial and merchant banks’ borrowing from the Central Bank of Nigeria (CBN) dropped by 33.2 per cent to N505.3billion in October as against N756.37billion in...

Fed Govt To Auction N150bn Bonds In October The Debt Management Office said on Tuesday that the Federal Government will offer N150bn bonds for subscription in October. A circular by the DMO on its website showed that the breakdown of bonds consisted of three bonds worth...

CBN Postphones eNaira Launch, Says No Cause For Alarm           The Central Bank of Nigeria on Thursday announced the postponement of the planned unveiling of the country’s digital currency, e-Naira. The Spokesman of the CBN, Mr Osita Nwanisobi, announced this in a statement on Thursday titled ‘CBN...