Re: 30% Processing of Export Raw Materials By Hanniel Sebatie Noboh On the morning of July 30, Vanguard newspaper published an editorial titled “30% Processing of Export Raw Materials”, offering its perspective on the recently passed Senate bill mandating that all raw materials exported from Nigeria...

Investments In FG’s Treasury Bills Weaken, Sales Fall 19% To N1.35trn       Investors’ interest in the Federal Government’s monetary instrument, the Nigeria Treasury Bill (NTB) has recorded a significant decline with 19 per cent, year-on-year, YoY, decline in sales to N1.35 trillion in the first five...

$700m Looted Funds Returned In 4 yrs; Nigeria Receives £4.2m Recovered From UK — Malami       The Federal Government recovered $700 million looted funds in the last four years, even as it just received the £4.2 million taken from Delta State’s treasury by an ex-governor of...

Nigeria Hits $1.5bn In Crypto Trading     Despite the ban on crypto-currency trading in Nigeria, the country has emerged as the biggest market for Paxful, a global peer-to-peer fintech and crypto-currency trading platform, with an impressive volume which currently stands at $1.5 billion and 1.5 million...

Nigeria’s Bonny Light Price Stabilises At $50 Per Barrel         Barely a few days to the end of the year, the price of Nigeria’s Bonny Light has stabilised at $50 per barrel in the international market, about 25 percent above the 2021 budget benchmark of $40. This...

Supply Of Nigeria’s LPG Rises By 34.7% In 11 Months         The supply of Liquefied Petroleum Gas, LPG, also known as cooking gas, has increased to 793,000 metric tonnes, MT in the first 11 months of 2020. Information available to Energy Vanguard showed that domestic supply stood...