Tag: Nigeria

Nigeria may have lost about N148.8bn in oil revenue on Monday as a result of the industrial action embarked upon by the Organised Labour to protest against the N60,000 minimum ...

Nigeria may add 480,000 barrels to its daily crude oil output as the Nigerian National Petroleum Company Limited and ExxonMobil took a step towards resolving the disagreement surrounding the sale ...

Nigeria is going to generate 6,000 megawatts of electricity before the end of this year, the Federal Government declared on Friday. Nigeria’s power generation currently hovers around 4,000 and 4,500MW ...

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, on Monday, announced that about $16.6bn investments had been committed to Nigeria’s oil and gas sector in the past one ...

The International Labour Organisation has stated that Nigeria and other low-income countries need about $1.4tn to provide basic social protection to their citizens. The organisation disclosed this in a new ...

Through a partnership with the regional neobank O3 Capital Nigeria Limited, American Express Co. has launched its first business credit card in Nigeria, perhaps expanding access to dollar transactions in ...

Nigeria’s second-largest telecom operator, Airtel Africa Plc, has disclosed a loss after tax of $89m for its full year ending March 2024, attributing the downturn to a substantial foreign exchange ...

Inflation in Nigeria has been predicted to remain high in 2025 due to sporadic flooding and difficult terrain for the naira currency while inflation in key African economies will slow ...

Maritime experts have said that Nigeria is losing a sum of $9.2bn annually to foreign shipping lines that are handling cargo that a national fleet is supposed to handle. A ...

The World Bank has said that the lower-than-average growth in Nigeria will hold back the sub-region’s economic performance. The Washington-based lender in a report on the economic outlook of Western ...