FG
Vice President, Oil and Gas at Dangote Industries Limited (DIL), Devakumar Edwin, has accused International Oil Companies (IOCs) in Nigeria of doing everything to frustrate the survival of Dangote Oil Refinery and Petrochemicals. Edwin said the IOCs are deliberately and wilfully frustrating the refinery’s efforts to buy local crude by jerking up high premium price […]
The Central Bank of Nigeria sold $575m in May, its highest dollar sales in a single month in 2024, according to data obtained from FMDQ Securities Exchange . This amount exceeds the combined total of $151m in April and $189m in March. Despite this increase, the CBN’s sales only accounted for 6.6 per cent of […]
Amidst revenue pressures facing the 2024 national budget, the Federal Government, has indicated that it would no longer allow Central Bank of Nigeria, CBN, to print money by Ways and Means to fund the budget deficit. Disclosing this in a chat with journalists in Lagos, the Minister of Budget and National Planning,, however, indicated that the […]
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