Nigeria’s external reserves closed last year with a total balance of $25.84 billion – 30 December – showing a decline of $3.22 billion compared with $29.06 billion it stood as…
Read More External reserves declined by $3.22 bn in 2016 – CBN
Category: Economy
Diezani forfeits $153m to FG
Chidi Samuel with Agency report Diezani Alison-Madueke, the former Minister of Petroleum resources temporarily forfeited $153.3 million to the Nigerian government Friday, sequel to an order by a Federal High Court…
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CBN sells N173b T-Bills, fixed income securities’ yields rise
The Central Bank of Nigeria (CBN) has sold N172.85 billion ($550 million) at its first treasury bill (T-Bills) auction of the year with yields unchanged from the previous auction, held…
Read More CBN sells N173b T-Bills, fixed income securities’ yields rise
Dangote tomato factory to resume production February
The Dangote Tomato Processing Factor in Kadawa, Kura Local Government Area of Kano State is to resume production in February. The Managing Director of the company, Abdulkadir Kaita, disclosed this…
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Master Energy, 38 others listed by NNPC to lift and trade oil in 2017
Chidi Samuel The Nigeria National Petroleum Cooperation (NNPC) on Tuesday released the names of 39 companies qualified to lift and trade Nigeria’s oil for the 2017 crude oil term contract.…
Read More Master Energy, 38 others listed by NNPC to lift and trade oil in 2017