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Oil Income in Nigeria Increases by 30% in the First Half of 2024 -Wale Edun
Wale Edun, Minister of Finance and Coordinating Minister of the Economy, reported that the government's revenue from the oil sector jumped from 11% in...
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...
