Nigeria attained 98.97% of its OPEC crude oil production quota in December 2024, averaging 1.48 million barrels per day (mb/d) as opposed to the allotted 1.5 mb/d. Production Details: Crude ...
Nigeria has reaffirmed its commitment to fulfilling the agreements reached with China during President Bola Tinubu's state visit in September 2024, to elevate bilateral relations to a Comprehensive Strategic Partnership. ...
China Development Bank has authorised a $254.76 million loan to Nigeria to help complete the Kano-Kaduna railway project. This development comes ahead of China's Foreign Minister Wang Yi's anticipated visit ...
Remittances from Nigeria's diaspora have increased significantly; in the first nine months of 2024, inflows increased by 63.7%. According to the Central Bank of Nigeria (CBN), remittances increased from $2.33 ...
President Bola Tinubu declared in his January 1, 2025, New Year's address that a National Values Charter would be introduced during the first quarter of 2025. The objective of this ...
The bilateral currency swap deal between China and Nigeria has been extended, enabling the exchange of 3.28 trillion Nigerian naira for 15 billion yuan, or almost $2 billion. This agreement, ...
In 2024, the Federal Government of Nigeria (FGN) issued bonds worth ₦5.84 trillion to the Nigerian Federal Government to cover the budget deficit. The "Budget of Renewed Hope," the 2024 ...
In an effort to improve bilateral ties, German President Frank-Walter Steinmeier travelled to Nigeria on December 11, to meet President Tinubu with an emphasis on energy and economic cooperation. Both ...
Norwegian oil and gas firm, Equinor has completed its planned sale of its assets in Nigeria and Azerbaijan for a total value of up to $2 billion. According to Reuters, ...
Nigeria has enough water resources, according to the Federal Government, to produce 14,000 megawatts of power. This was said during the signing of a memorandum of understanding for sustainable development between ...
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