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Tag "Reserves"

DPR: FG’s plan to boost oil, gas reserves on course

    DPR: FG’s plan to boost oil, gas reserves on course

The Department of Petroleum Resources (DPR) says the federal government’s plan to increase the nation’s oil and gas reserves is still on course. In a statement issued on Tuesday, Paul

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Tambuwal to Buhari: Don’t impose open grazing on states

    Tambuwal to Buhari: Don’t impose open grazing on states

Aminu Tambuwal, governor of Sokoto state, has cautioned President Muhammadu Buhari against imposing open grazing of cattle on states. Tambuwal was reacting to the president’s recent approval for the review

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DPR: 7,000 oil reserves discovered, only 1,700 producing

    DPR: 7,000 oil reserves discovered, only 1,700 producing

The Department of Petroleum Resources (DPR) says that out of 7,000 oil reserves that have been discovered in the country, only 1,700 of the reserves are currently producing crude oil.

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Fresh $100m brings CBN forex interventions to $1.138bn in two weeks

    Fresh $100m brings CBN forex interventions to $1.138bn in two weeks

The Central Bank of Nigeria (CBN) on Tuesday, credited commercial banks with $100 million for school fees, personal travel allowances (PTA) and medical bills abroad. This fresh injection by the

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Reserves sink to all-year low as naira, oil prices fluctuate

  Reserves sink to all-year low as naira, oil prices fluctuate

Nigeria’s foreign reserves has fallen to an all-year low, following a fluctuation in the naira, crude oil prices and the

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