Daniels Igoni, Yenagoa The Minister of State for Petroleum Resources, Timipre Sylva, said the Federal Government revoked the licence for the Atala marginal oilfield (OML 46) because it was dormant in the hands of the Bayelsa State Government for 17 years. Sylva, a former governor of Bayelsa, expressed surprise that such a valuable asset with […] Read Full Story
Nike Popoola The country’s external reserves dipped by $565m from $36.198bn as of February 1, to $35.633bn as of February 15, latest figures from the Central Bank of Nigeria revealed on Wednesday. The reserves which had gained in recent weeks started a downward trend on January 26 on which date it declined to $36.34bn. Figures […] Read Full Story
Nike Popoola The Central Bank plans to issue treasury bills worth N570.4m in the second quarter. It disclosed this on its website on Thursday on ‘Nigeria treasury bills issue programme for second quarter’. It also said maturing bills in the period would total N570.4m. The CBN disclosed it would issue N92.05m 91-day bills; N79.65m 182-day...