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Category: Economy and Capital Markets
FG identifies new fields for 681,000bpd oil production
The Federal Government has identified new oil fields capable of delivering about 681,000 barrels of crude oil per day and 1.52 billion standard cubic feet of gas daily. It disclosed this…
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NNPC Holds 1.8 Billion Litres Of Petrol In Reserve – Spokesman
The Nigerian National Petroleum Corporation Ltd. (NNPC Ltd.) claims to have 1.805 billion litres of petrol in stock. The amount of petrol in store, according to its spokesman Malam Garbadeen Muhammad, would…
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Supreme Court Halts FG’s Plan to Implement Old Naira Deadline
The Supreme Court has issued an order of interim injunction restraining the Federal Government and the Central Bank of Nigeria (CBN) from enforcing the February 10 deadline for the phasing out of…
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Naira Scarcity: Food Prices Crash In Kano, Katsina, Jigawa
The Naira swap coupled with the scarcity of the new notes is leading to a fall in foodstuffs across some Northern states. Reports from some village markets in Kano, Jigawa…
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Buni Orders Yobe Microfinance Bank To Open Branches In 17 LGAs
The Governor of Yobe State, Mai Mala Buni has ordered the State-owned bank, Yobe Microfinance Bank to open branches in all the 17 local Government areas in the state. The…
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Emefiele introduced naira redesign because he failed in his bid for presidency – Ganduje
Abdullahi Ganduje, the governor of Kano, claims that the Central Bank of Nigeria governor, Godwin Emefiele, pushed for the naira redesign policy because he failed in his presidential bid. Ganduje…
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FG releases fund for school feeding programme
The Federal Government said it has commenced the release of funds for the second school term for the National Home-Grown School Feeding Programme. Though the amount disbursed was not revealed, the…
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Hike in fuel prices, scarcity frustrating Nigerians
In the last two months, there has been a deliberate scarcity of Premium Motor Spirit (PMS) and an uneven hike in the price of fuel across the country. Despite the fact, the…
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FG denies hiking petrol pump price as scarcity persists
The Minister of State Petroleum Resources Chief Timipre sylva has denied any increase in the price of Premium Motor Spirit (PMS). His Senior Adviser (Media & Communications), Horatius Egua said…
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Zainab Ahmed says debt trajectory sustainable
On Wednesday, Nigeria’s Finance Minister stated that the country’s debt trajectory is sustainable. The country also announced plans to significantly reduce its debt service-to-revenue ratio this year and has no…
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