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The Difference Between The Official and Black Market Values Of Naira Grows To…
It is important to note that on September 6th, when it was trading at N434/$, the official exchange rate fell to…
In Q2 2022, Nigeria’s Foreign Trade Will Reach N12.8trillion.
Nigeria reported total international trade of N12. 84 trillion in the second quarter of 2022, up 32.2% from the…
Crude Oil Refiners Association Of Nigeria Has Appealed To The CBN.
The Central Bank of Nigeria (CBN) urged to establish a crude refinery intervention fund; in order to promote…
Nigeria’s Oil Production Falls To A Record Low Of 972,394 Bpd.
In comparison to July 2022 output of 1. 08 million barrels per day, the decrease is more than 10%, and it is less…
NASA’s Artemis Moon Rocket’s Initial Launch Will Be Delayed Due To A…
NASA postponed an effort to launch its enormous, next-generation rocketship for the second time in a week. Blaming…
Airlines Selling Tickets In Dollars Will Be Fined By The Nigeria FG.
The Minister of Aviation, Hadi Sirika, claimed several airlines rejected naira and instead charged ticket prices…
Nigeria FG To Collaborate With Qatar On Cultural Promotion.
Yakubu Ahmed, the Extraordinary and Plenipotentiary Ambassador of Nigeria to the State of Qatar; has asked for…
Even with Dangote and NNPC Refineries, Petrol Will Sell Above N400/Litre.
An analysis of oil prices, import duties, and refinery contracts shows that even if the Dangote Refinery and those…
Capital Inflows Were 23% Lower Due To Insecurity And The FX Crisis.
Capital importation into Nigeria reduced by 23% due to insecurity and the ongoing foreign exchange crisis.
The…
Foreign-owned Operators Demand For Dollar Payments Is Putting Local Telecoms…
Smaller and domestic players are allegedly being prevented from expanding; because foreign telecoms companies…
Currency In Circulation Decreases To N3.24 trillion
Currency in circulation refers to the amount of cash–in the form of paper notes or coin within a country; that is…
Nigeria FG To Take Production Data From Oil Companies And Installs New Flow…
Nigeria has wasted billions of dollars in potential revenue due to underreported volumes by relying solely on…
In Q2 2022, Nigeria’s GDP Was Boosted By The ICT Industry By 18.44%.
The second quarter of 2022 saw an increase in Nigeria's gross domestic product (GDP) growth from the first…
Nigeria’s 1.826mb/d Output Has Been Approved By OPEC.
The Organization of Petroleum Exporting Countries has given Nigeria permission to produce 1.826 million barrels…
Nigeria’s Foreign Reserves Decrease To $39billion In August 2022 Due To…
The decline in foreign reserves comes amidst over $100 crude oil average price in August; against a benchmark of…
PenCom Revises The Regulations Governing Retirement And Gratuity benefits.
The Revised Regulation includes a new pension augmentation to address the problems associated with its…
98.75 million SIM Cards Are Not Used By Subscribers.
According to recent industry statistics from the Nigerian Communications Commission, 98. 75 million registered…
We Are Prepared For Audit, According To Petrol Supply Data, Says NNPC.
A forensic examination of the import and supply of Premium Motor Spirit has been welcomed by the Nigerian National…
Lufthansa To Cancel 800 Flights Due To Pilots’ Strike.
Germany's Lufthansa (LHAG. DE) said it will have to cancel 800 flights on Friday, likely affecting 130,000…
Gas Price Rises By 122%, Household Incomes Shrink.
Amid the Federal Government’s N250bn intervention funds on the National Gas Expansion Plan; which intends to…
High Cost Of Living Takes Toll On Nigerians
Nigerians are passing through difficult times as the cost of living continues to rise, Daily Trust reports.
…
NNPC Adopts Saudi Aramco’s Security Model
Nigeria is adopting the security infrastructure similar to that of Saudi’s Aramco to protect its oil pipelines and…
Most airplanes In Nigeria Grounded, Says NCAA.
A significant number of airplanes operating across the country are currently not in use. Due to the crisis rocking…
80% Of Crude Oil Being Stolen With Connivance Of N’Delta Govs —Adebayo, SDP…
Prince Adewole Adebayo, has said 80% of the country’s crude oil were being stolen with the connivance; and…
If FG Loves Education, $23m Abacha Loot Would Be Used To Meet Our Demands –…
The Academic Staff Union of Universities says the federal government should have used the recovered $23 million…
NCAA Threatens To Sanction Domestic Airlines Over N19bn Debt, Issues 30-Day…
The Nigerian Civil Aviation Authority (NCAA) has threatened to sanction domestic airlines for over N19 billion…
Nigeria’s GDP Contraction Worries Experts.
Economic experts have raised concerns about the prostrate nature of the economy; exemplified by the contraction in…
Naira Falls To N705/$ At Black Market.
On Tuesday, August 30, 2022, the Naira reversed its almost miraculous comeback to trade over the N700/$1 mark once…
Nigerian Economy Shrinks By N63bn, 28 Sectors Struggle.
Twenty-eight sectors of the economy declined in the second quarter of 2022 as real Gross Domestic Product shrunk…
Nigeria’s Electricity Sector Dips By 11.5% In Q2 2022 Following Multiple Grid…
The latest GDP report for the second quarter of 2022 released by the National Bureau of Statistics (NBS); showed…