The average price paid by consumers for premium motor spirit, PMS, popularly known as petrol, increased to ₦147.50 in November 2018 from ₦147.20 in October 2018, the Nigeria Bureau of Statistic, NBS report has shown. This showed an increase of 1.3 percent year-on-year and 0.2 percent month-on-month. According to the report of the NBS, Premium […]
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The Federal Government received over N132 billion subscriptions from 2,073 investors for its N100 billion 7-year 15.74 per cent Sukuk offer, the Debt Management Office (DMO) has said. The DMO, in a statement in Abuja on Saturday, announced the result and added that the bond would be due in 2025. It said that the high […]
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About $1.68 billion was drawn down from the Excess Crude Account (ECA) in the last one month, leaving a balance of $631 million as at 19th December, 2018. This came to the fore at Wednesday’s Federation Accounts Allocation Committee (FAAC) meeting in Abuja. The federal government said it depleted the account to off-set the last […]
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Between July and September this year, the country imported 4.37 billion litres of petrol, figures for the oil sector obtained from the National Bureau of Statistics have revealed. In the Petroleum Products Report which was released in Abuja, NBS said that the country imported 873.72 million litres of automotive gas oil and 312.71 million litres […]
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The declining global oil price in the last one week may shatter Federal Government’s economic projections for 2019 as well as impact adversely on its Medium Term Expenditure Framework, MTEF, if the trend is not reversed soon. Data from the Organisation of Petroleum Exporting Countries, OPEC, shows that prices are still trending down hitting a […]
Read More The Debt Management Office (DMO) says the Federal Government is to auction by subscription ₦115 billion worth of bonds on Nov. 21. The DMO said in a circular on its website on Tuesday in Abuja, that the five-year bonds of ₦35 billion to mature in April 2023 was offered at 12.75 per cent. The seven-year […]
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The nation’s oil production, including condensate, declined by about 70,000 barrels per day to 2.09 million bpd in October, compared to the preceding month, new data from the Ministry of Petroleum Resources have shown. The data obtained by our correspondent from the ministry on Friday showed that oil production in the country rose to a […]
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Nigeria earned ₦207.54 billion from crude oil and gas export in the first half of this year, falling short of the Federal Government’s target of ₦661.38 billion. Oil constituted 61 per cent of the gross federally-collected revenue of ₦4.40 trillion in the period, while non-oil accounted for the balance of 39 per cent, according to […]
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The Executive Director/Chief Executive Officer, Nigerian Export Promotion Council, Mr Olusegun Awolowo, has said Nigeria can earn about $10bn annually from the exportation of shea butter, if the right investments are made to grow, harness and process it to international standard. He said shea butter exports could surpass oil in foreign exchange earning for Nigeria. […]
Read More The Federal Government, through the Debt Management Office, DMO, has recorded a ₦26.92 billion or 30.5 percent short fall from its targeted proceeds of ₦115 billion bond auction, which was part of moves to finance the 2018 budget. DMO disclosed this, yesterday, stating that the federal government has raised ₦88.08 billion at its bond auction […]
Read More Following the rally in global crude oil prices, Nigeria has recorded a significant increase in oil export revenue as the country earned an estimated $26 billion in the first seven months of this year. The country saw its oil export revenue rise by 30 per cent to $34 billion in 2017 from $26 billion in […]
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LONDON, Aug. 22, 2018 (GLOBE NEWSWIRE) — FXCM Group, LLC (“FXCM Group” or “FXCM”), a leading international provider of online foreign exchange trading, CFD trading, and related services, today released execution data for July 2018. To view execution data including historical spreads, execution speeds and historical price improvement data click here: https://www.fxcm.com/uk/about-fxcm/execution-transparency/ “In an effort to provide […]
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