Post Archive by Month: January,2022

Nigeria’s external reserve gains $5.15 billion in 2021 Nigeria’s externals reserve rose by $5.15 billion in 2021 to close at $40.52 billion as of 31st December 2021, representing a 14.5% rise compared to $35.37 billion recorded as of the end of the previous year. This is according to data obtained from the daily tracker of the Central Bank of Nigeria

FG owes five IOCs $1.15bn cash call arrears, clears $3.53bn debt A total of $3.53bn has been paid by the Federal Government to five international oil companies as cash call arrears repayment to the IOCs, leaving an outstanding balance of $1.15bn. The report, which was obtained from the Nigerian National Petroleum Company Limited, outlined the five IOCs to include Shell