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 ...
Nigeria’s crude oil production witnessed the second consecutive monthly decline since the beginning of this year, as it dropped to 1.231 million barrels per day in March, the Organisation of ...
Nigeria is set to receive a $1.05bn syndicated loan backed by oil from the African Export-Import Bank next month. The loan is part of a larger $3.3bn prepayment facility arranged ...
Oil and gas giant, Shell Plc, has said around 50 per cent of total routine and non-routine flaring in its integrated gas and upstream facilities in 2023 occurred in assets ...
The number of functional oil drilling rigs across the country increased marginally to 16 in February, data from the latest March 2024 Monthly Oil Market Report of the Organisation of ...
The Nigerian Ports Authority has disclosed that containerised exports rose by 44.43 per cent to 226,456 twenty equivalent units in 2023 from 156,790 TEUs in the previous year. In a ...
The World Trade Organisation says Nigeria has lost its leading position in the agriculture export markets because its agricultural commodities do not meet the sanitary and phytosanitary requirements of the ...
The bodies of Herbert Wigwe, the late chief executive officer of Access Bank, and his son and wife have arrived in Nigeria. On Friday, the Wigwes' bodies landed at Port ...
Nigeria is to begin the formal export of locally produced commodities to South Africa, Rwanda, Cameroon and Kenya from next month under the Guided Trade Initiative of the African Continental ...
Nigeria’s external debt stock (debt owed to foreign entities) has increased by N28tn due to the devaluation of the Nigerian naira against the United States dollar, findings by The PUNCH reveal. According ...
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