Economy

Economy

Economics and Sociology

Fed Govt exceeds oil budget target

Nigeria’s crude oil and condensates production has risen to 2.323 million barrels per day (bpd), exceeding the 2019 budget benchmark of 2.3 million bpd. The...

Oil Production Hits 2019 Budget Target of 2.3 Million Barrels Per Day – NNPC

Nigeria's crude oil and condensate production has moved to 2.32 million barrels per day, the Group Managing Director of the Nigeria National Petroleum Corporation...

APC-controlled states not fighting corruption – Femi Falana

Activist lawyer, Femi Falana, has maintained that states controlled by the All Progressives Congress, APC, are insincere in their fight against corruption. He stressed that...

An Open Letter to CBN Governor, Godwin Emefiele, over health of Nigerian banks

I congratulate you on your re-appointment as Governor of the Central Bank of Nigeria (CBN) for a second term. This appointment, I believe, is...

CBN to close bank accounts of firms importing forex restricted goods

Any firm found smuggling into the country goods for which access to foreign exchange (forex) has been restricted will have its bank accounts closed,...

Nigeria’s crude oil reserves fall to 36.97 billion barrels

The nation’s crude oil reserves dropped by 481 million barrels to 36.972 billion barrels in 2018, according to a new report by the Organisation...

Farmers’ cooperative gets N330m CBN loan for 2019 farming season

Hope Concept Cooperative, a Lagos-based farmers’ cooperative society, has commended the Central Bank of Nigeria (CBN) for granting it an agricultural loan of N330...

Buhari orders CBN to blacklist importers of palm oil, 42 other items

President Muhammadu Buhari has directed the Central Bank of Nigeria to blacklist from the banking system any firm, its owner and top management caught...

CBN vows to punish smugglers of banned items

The Central Bank of Nigeria (CBN) has disclosed its willingness to severely deal with the smugglers of the items on the list of prohibited...

Nigeria To Lose $9 Billion Assets Over Aborted Gas Project

A firm incorporated in the British Virgin Islands will ask a British court on Friday for the right to seize up to $9 billion...