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Foreign Reserves Rise By $140.9m, Now $35.81bn

The country’s foreign reserves rose by $140.9m from $35.67bn as of September 1 to $35.81bn as of September 17, the latest figures from the Central Bank of Nigeria have shown. The reserves rose by [...]

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FG Monthly Oil Sales Revenue Tumbles By 75%

The Federal Government saw its crude oil sales revenue plunge by 74.89 per cent in July to a record low of $55.29m, according to the Nigerian National Petroleum Corporation. The NNPC’s latest [...]

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Digital Assets Guidelines Will Enhance Investor Protection – SEC

The Securities and Exchange Commission has said the recently released guidelines on digital assets and their classification and treatment is aimed at boosting investors’ protection in the capital [...]

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FG Slashes Spending On JV Oil Assets By 62%

Amid the coronavirus-induced sharp drop in its revenues, the Federal Government reduced its spending on oil and gas assets being developed through joint ventures with private firms by 61.83 per [...]

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CBN Decries Speculation As Naira Plunges, Exchanges For 465/$

Declining export receipts from oil and speculative activities of the Bureau De Change operators among other challenges of the COVID-19 pandemic on the economy will put more pressure on the Naira. [...]

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Petrol Scarcity Looms As Tanker Drivers Halt Operations

Petrol scarcity may surface across the country as the Nigerian Association of Road Transport Owners on Monday ordered tanker drivers nationwide to halt operations beginning from Tuesday (today). [...]

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Oil Falls To $41 As Economic Outlook Dims

The international oil benchmark, Brent crude, declined by about five per cent on Monday, as rising coronavirus cases stoked worries about global demand and a potential return of Libyan production [...]

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Stock Market Sustains Positive Sentiment, Gains N1bn

Transactions on the floor of the Nigerian Stock Exchange started the week on a positive note as a marginal gain of N1bn was recorded on Monday. However, the market breadth closed negative with 16 [...]

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Deregulation: More Investors Eyeing Modular Refineries, Says DPR

The Department of Petroleum Resources has said more investors are showing interest in establishing modular refineries in the country following the deregulation of petrol. The Director, DPR, Mr [...]

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FG Unveils Scheme To Protect Farmers From Losses

The Federal Government through the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending has developed an insurance scheme designed to protect farmers from losses during the [...]

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