17

Apr

FG eyes more revenue as US increases purchase of Crude Oil

The United States has resumed huge crude oil importation from Nigeria, increasing the country’s oil revenue by N156bn last month, The PUNCH findings revealed. The US increased its imports to 4.3 million barrels in March, the highest since June 2018, according to Customs data on Refinitiv Eikon. US refiners turned to other crude oil sources for the […]

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13

Apr

Nigeria to settle $800m World Bank loan for 25 years

The next administration after the regime of the President, Major General Muhammadu Buhari (retd.), will begin the repayment of the $800m loan approved by the World Bank as subsidy palliative. Last week, the Minister of Finance, Budget and National Planning, Zainab Ahmed, revealed to newsmen that the Federal Government had secured $800m from the World Bank to[…]

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