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Banks Refund 95.2billion Naira to Customers
The Central Bank of Nigeria, CBN, has said cumulative refund by banks to customers as at December ending 2021 stood...
Nigeria Spent 4.56trillion Naira on Fuel Importation
Nigeria spent a total of N4.56 trillion on the importation of fuel in 2021, 128% higher than the N2 trillion...
Public Debt Stock Increases to N39.56tn
The Debt Management Office, DMO, has revealed that Nigeria’s total public debt stock increased to N39.56tn in 2021 from N32.92tn...
Inflation Rises to 15.7% in February Amid Fuel Scarcity
The Consumer Price Index rose to 15.7 per cent in February from 15.6 per cent in January. This is according...
Nigeria’s Non Oil Exports Hit 3.455 billion Dollars in 2021
The Nigerian Export Promotion Council, NEPC, has said the country exported non-oil products worth $3.455bn in the 2021. The Executive...
Inflation Rate Rises to 15.6%
Nigeria’s inflation rate rose to 15.7% from 15.6% recorded in the previous month. According to the consumer price index report,...
Cargo Volumes Increase by 12.4 per cent
The International Air Transport Association, IATA, has said cargo volumes increase by 12.4 per cent in January 2022 compared to January...
Naira Falls to N581.2/$1 at P2P Market
The exchange rate between the naira and the US dollar closed at N416.67/$1 at the official Investors and Exporters (I&E)...
Oil Price Faces Decline
The prices of oil declined in nearly two years after the United Arab Emirates, stated that it supported pumping more...
Nigeria Boasts of 1.9 billion Liters of Petrol
The Minister of State for Petroleum Resources, Timipre Sylva, has said Nigeria now has 1.9 billion liters of petrol in...
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