Author: Editor

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Monday, said the Nation’s oil and gas reserves as of January 1, 2024, stand at 37.50 billion barrels, from 37.046 billion barrels recorded as of May 2022. During a press conference in Abuja, Chief Executive of the Commission, Engr Gbenga Komolafe, announced the creation of strong policies aimed at improving and optimising oil and gas operations in the country. According to him, the gas and non-associated gas reserves stand at 102. 59 trillion cubic feet (TCF) and 106.67 TCF respectively, resulting in total gas reserves at 209.26 TCF. He added that issues…

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The Naira on Monday appreciated at the official market, trading at N1,136.04 to the dollar. Data from the official trading platform of the FMDQ Exchange revealed that the currency gained N6.34. This represents a 0.55 percent gain when compared to the previous trading date on Friday, April 12, exchanging at N1,142.38 to a dollar. ALSO READ: Nigeria’s inflation hit 33.20%-NBS However, the total daily turnover reduced to 251.60 million dollars on Monday down from 281.34 million dollars recorded on Friday. Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,227 and N1,000 against the dollar. FMDQ Securities…

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Federal Ministry of Education (FME), in collaboration with International Institute for Educational Planning, UNESCO (UNESCO-IIEP) organised a capacity-building workshop to reduce gender disparity in education in states. The Minister of State for Education, Dr Yusuf Sununu, at the opening of the five-day workshop for selected state gender desk officers and other stakeholders in Niger State, said the move would improve inclusive education and gender equality. Sununu said that the move is a step toward reducing the over 20 million out-of-school children in the country, with girls constituting over 60 percent of the figure. He said “education is an effective vehicle…

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The Nigerian stock market on Monday extended its losing streak by 0.53 percent due to losses in Tier-One banking stocks. Specifically, the market capitalisation, which opened at N57.864 trillion, shed N304 billion or 0.53 percent to close at N57.560 trillion. Similarly, All-Share Index fell by 0.53 percent or 537.44 points to settle at 101,777.12, compared to 102,314.56 posted on Friday. As a result, the Year-To-Date (YTD) return slipped to 36.11 per cent. Losses in Tier-one banking stocks such as Guaranty Trust Holding Company (GTCO), FBN Holdings, Zenith Bank, Access Corporation, Jaiz Bank, as well as Transnational Corporation, among other decliners,…

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