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Federal Government Issues Sukuk Bond to Three Ministries
The Federal Government has given a cheque of N250bn from Sukuk bond to three ministries. The ministries include: Ministry of...
OPEC Approves 1,718,000 Barrels Per Day Oil Production
The Organization of Petroleum Exporting Countries, OPEC, has approved 1,718,000 barrels per day oil production for Nigeria. Saudi Arabia and...
Nigeria Misses Crude Oil Output Target
Nigeria missed its crude oil output target for January 2022, pumping 1.46 million barrels per day against a target of...
Nigeria’s Tax To GDP Ratio Lowest Globally
The Federal Government has said that Nigeria’s eight per cent tax-to-Gross Domestic Product ratio was among the lowest globally. Vice...
Nigerian Exchange Limited Announces the Lifting of $4 billion FGN Eurobonds
The Nigerian Exchange Limited has announced the listing of the $4 billion FGN Eurobonds on its platform. According to a statement,...
NNPC Spends 100billion on Refineries Rehabilitation
The Nigerian National Petroleum Company Limited, NNPC, has said it spent N100billion on refineries’ rehabilitation in 2021. This was disclosed...
Naira Falls Against the US dollar
The exchange rate between the naira and the US dollar closed at N416.33/$1 at the Investors and Exporters window. Naira...
IMF Envisages Turbulence in Financial Market
The International Monetary Fund, IMF, has advised Nigeria and other developing economies with large foreign currency borrowings to prepare for...
Upturn in Global Crude Oil Prices Increases Cost of PMS
The upturn in global crude oil prices has pushed the landing cost of Premium Motor Spirit imported into Nigeria to...
Gombe Government to Train 5,000 Entrepreneurs in the State
Gombe State Government has said it is collaborating with the National Directorate of Employment to train 5,000 entrepreneurs in the...
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