N720bn lost to lower crude production in two months – Report
Nigeria lost about N720bn in revenue as a result of the consecutive monthly decline in its crude oil production in ...
Sunday, December 22, 2024
Tag: Report
Four pharmaceutical firms suffered N8bn forex loss in 2023 – Report
The weakening of the naira resulted in a combined foreign exchange loss of N8.31bn for four pharmaceutical firms listed on the ...
Lagos-Calabar highway project threatens 80 businesses, 16,000 jobs – Report
A report by the leisure, and lifestyle destination development company, Landmark Africa Group, has said the destruction of its properties to ...
Naira crash pushes raw material imports to N3tn – NBS report
Imports of raw materials into the country rose by 25 per cent to N3tn in 2023. This is according to ...
Private sector makes $236bn illegal profit from labour annually – Report
The private sector generates $236bn in illegal profits annually, a new study by the International Labour Organisation has revealed. According ...
50% of Shell’s gas flaring occurred in Nigeria –Report
Oil and gas giant, Shell Plc, has said around 50 per cent of total routine and non-routine flaring in its ...
Only seven banks can meet CBN recapitalisation requirements – Report
No fewer than 17 out of the existing 24 Deposit Money Banks may be unable to meet the Central Bank ...
Forex market recorded $4bn turnover in January – Report
The official foreign exchange market, the Nigerian Autonomous Foreign Exchange Market, witnessed a 40.46 per cent drop in turnover to ...
African trade less than 3% despite AfCFTA – Report
The African share of global trade remained at less than three per cent, driven largely by merchandise trade in 2023, ...
Petrol import reduced by 1billion litres in seven months – Report
The country’s monthly petrol import was reduced by about 1 billion litres after President Bola Tinubu removed fuel subsidy in ...
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