Banks offload $3.3 billion amid the Central Bank’s efforts to counter a renewed decline in the naira
The naira experienced a renewed decline in both the official and parallel foreign exchange markets on Friday.
The national currency depreciated to N1,670/$ from the...
The Nigerian government plans to raise N2.5 trillion through bond issuance, according to the Debt Management Office (DMO)
The Nigerian Federal Government aims to generate N2.5 trillion in its upcoming FGN bonds auction, as outlined in a circular from the Debt Management...
The power minister expresses concern over the electricity subsidy surging to N3 trillion
The Federal Government announced on Wednesday that Nigeria's power sector owes approximately N3.3tn to electricity generating companies and gas producers.
Additionally, it disclosed that the...
Nigeria’s oil production experiences a decline to 1.419 million barrels per day, as reported by OPEC
Nigeria experienced a slight decline in crude oil production to 1.42 million barrels per day in January 2024, as reported by the Organization of...
Dangote Refinery plans to export two shipments of fuel, according to a report
The Dangote Petroleum Refinery has released tenders for the export of two fuel cargoes from its newly commissioned facility, according to trading sources familiar...
