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We Obtained Only $2.7 Billion Loan from CBN for Refinery in Ten Years – Aliko Dangote
Aliko Dangote, the CEO of the Dangote Refinery, disclosed that his organization obtained loans totaling $2.7 billion from the Central Bank to finance the...
FG’s Income to Debt Servicing Ratio Plummeted from 97% to 68% in 2024 – Wale Edun
Nigeria's revenue-to-debt service ratio decreased from 97% in 2023 to 68% in 2024, according to Finance Minister Wale Edun, suggesting a decrease in the...
Eni Reveals that it Has Received Consent from Nigerian Authorities to Sell Agip Oil to Oando
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has approved Eni, an Italian oil major, to sell Nigerian Agip Oil Company (NAOC) to Oando.
This was...
CBN Offers One-Year Treasury Bills at 22.1% in July Auction
During its auction on July 24, the Central Bank of Nigeria (CBN) offered one-year Treasury Bills (T-Bills) at a stop rate of 22.1%.
This action...
Nigeria’s Five Cocoa Processing Factories Operate at Just 8% Capacity Amid Increasing Challenges
The operation of Nigeria's five remaining cocoa processing factories has decreased to 8% of the industry's installed capacity due to deteriorating macroeconomic issues, notwithstanding...
