NIGERIA COMPANIES HIT HISTORIC N2.3 TRILLION HUGE CASH PILE

According to data compiled from over 30 of the largest companies listed on the Nigerian Exchange, over the calendar year from January to December,...

CBN GUIDELINES, SHIFT IN GENERAL PERCEPTIONS TO CONTRIBUTE TO SURGE IN NIGERIA’S CRYPTOCURRENCY USAGE IN 2024

The Central Bank of Nigeria (CBN) recently lifted the ban on cryptocurrency usage, and some significant shift in perception towards it among the general...

NIGERIA TO COMMENCE GAS SUPPLY TO SOUTH AFRICA IN 2024, TARGETS LIBERIA, CAMEROON

A Nigerian-based energy company, Riverside LNG, has revealed an ongoing discussions regarding a potential agreement to supply gas to South Africa from the first...

EXPERTS PREDICT CBN PROPOSED BANK’S RECAPITALIZATION PLANS MAY VARY DEPENDING ON BANK SIZE

Experts and industry insiders have suggested that the Central Bank’s recapitalization plans might vary depending on the size of the banks. They also hinted...

NIGERIA AND CHINA TRADE DEFICIT HITS $7.54 TRILLION

Nigeria and China trade balance has increased to N7.54 trillion in the first nine months of 2023. According to a National Bureau of Statistics,...

NIGERIA’S POWER SECTOR CASH FLOW HITS N900 BILLION

The Federal Government of Nigeria declared on Thursday that the liquidity in the country's power sector has increased from N282 billion in 2015 to...

CBN ASSURES NIGERIANS OF ADEQUATE STOCK CURRENCY TO MEET PUBLIC NEEDS

The Central Bank of Nigeria has assured Nigerians of adequate stock currency to meet the needs of the public. This is against the naira...

UK INVESTS $15M INTO NIGERIA’S AGRIC SECTOR, PROMISES $35M MORE IN TWO YEARS

The British International Investment, the United Kingdom’s development finance institution and impact investor, has concluded plans to invest $15 million in equity into a...

NIGERIA’S CRUDE OIL PRODUCTION FALLS TO 1.4 MILLION BARRELS, AT -0.85 GROWTH IN Q3 2023

Nigeria’s crude oil production has fallen to 1.4 million barrels per day in November 2023, indicating a -0.85 growth in Q2/Q3. This report is...

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