March 10, 2023/CSL Research Based on a This Day report, the Executive Director/Chief Executive, Nigerian Export Promotion Council (NEPC), Dr. Ezra Yakusak disclosed that promissory notes valued at N308.45 billion have been approved for disbursement to 199 exporting companies under the Export Expansion Grant (EEG) Scheme. The EEG, an incentive […]

March 16, 2023/United Capital Research The seven-member panel of Justices of the Supreme Court in an undisputed decision nullified the ban on using the old N200, N500 and N1000 banknotes as legal tender, and held that the old banknotes should remain valid legal tender until 31-Dec. The Supreme Court’s decision […]

March 9, 2023/CSL Research Nigeria’s crude oil production volume for February 2023 grew month-on-month by 3.83% (1.85% in January) to 1.31mbpd (without condensates) and 3.57% m/m to 1.55mbpd (with condensate). Based on data from the National Upstream Petroleum Regulatory Commission (NUPRC), the increase in volume was largely driven by increases […]