Nigeria’s crude oil production plunged to a record low of 1.24 million barrels per day last month as a result of lingering disruptions, S&P Global Platts reported on Wednesday.

Nigeria’s crude oil production plunged to a record low of 1.24 million barrels per day last month as a result of lingering disruptions, S&P Global Platts reported on Wednesday.

Nigeria’s crude oil production plunged to a record low of 1.24 million barrels per day last month as a result of lingering disruptions, S&P Global Platts reported on Wednesday. The report quoted industry and ministry sources as saying that the country’s oil output had fallen sharply in the past few weeks due to an oil spill near the key Forcados export terminal. Nigeria has been facing many operational and technical […]

September 9, 2021 45

BUSINESS

Nigeria recorded a trade deficit of N1.87tn in the second quarter of the year despite recording 111.32 per cent in crude oil exports.

Nigeria recorded a trade deficit of N1.87tn in the second quarter of the year despite recording 111.32 per cent in crude oil exports. However, statistics released by the National Bureau of Statistics in Abuja on Wednesday showed that the country’s deficit improved within the period. In the first quarter of the year, the country’s trade deficit stood at N3.94tn. The Foreign Trade in Goods Statistics report for Q2 2021 by […]

September 9, 2021 19

NEWS

Vice President Yemi Osinbajo has said that despite the monumental challenges posed by climate change, especially energy transition and related issues, the coming decade anchored on the African Continental Free Trade Area offers great opportunities for Africa’s socioeconomic transformation.

Vice President Yemi Osinbajo has said that despite the monumental challenges posed by climate change, especially energy transition and related issues, the coming decade anchored on the African Continental Free Trade Area offers great opportunities for Africa’s socioeconomic transformation. This is as he said that a slight reduction in the customs procedures could drive up Nigeria and other members’ revenues by at least $250bn. Osinbajo stated this on Wednesday in […]

September 9, 2021 12

ENTERTAINMNET

Gospel music singer Ada Ehi has taken the delivery of her gold plaque reward from YouTube after surpassing 1 million subscribers of the video streaming app.

Gospel music singer Ada Ehi has taken the delivery of her gold plaque reward from YouTube after surpassing 1 million subscribers of the video streaming app. In a post on her Instagram page, Ehi noted that she wasn’t the most talented singer, but God chose her regardless. Expressing gratitude to God for her career milestones, the music star said her success wasn’t surprising to her considering the things she had […]

August 30, 2021 147

ENTERTAINMNET

MAVINS music singer Ayra Starr has weighed in on the comparison between millennials and Gen Z.

MAVINS music singer Ayra Starr has weighed in on the comparison between millennials and Gen Z. Comparing the millennials and Genz, the ‘Away’ singer shared how she’d love the millennials to think and act. She said, she thinks that Genz’s right now is leaving life on their terms which is so inspiring to see.” Continuing, the 18-year-old music star said, “she feels like a lot of millennia’s cared about the […]

August 23, 2021 155

NEWS

The United Nations Children’s Fund has ranked Nigeria and Chad the second worst countries where children are at the most risk of climate change.

The United Nations Children’s Fund has ranked Nigeria and Chad the second worst countries where children are at the most risk of climate change. UNICEF in a report titled ‘Children’s climate risk index’ used data to generate new global evidence on how many children were currently exposed to climate and environmental hazards, shocks and stresses. It noted that one billion children globally were at risk. The CCRI helps to understand […]

August 23, 2021 53

NEWS

The foreign exchange supplied by the Central Bank of Nigeria for the importation of food products into Nigeria rose by 23.81 per cent to $1.04bn in the first half of this year, compared to the same period of 2020.

The foreign exchange supplied by the Central Bank of Nigeria for the importation of food products into Nigeria rose by 23.81 per cent to $1.04bn in the first half of this year, compared to the same period of 2020. Food imports gobbled up $840.18m in H1 2020, down from $1.02bn in the same period a year earlier, according to the CBN data on sectoral utilisation for transactions valid for forex. […]

August 23, 2021 25

BUSINESS

Strategists at the Institute of Strategic Management have developed a position paper that outlines frameworks and strategies that can assist the Federal Government harness the benefits of the African Continental Free Trade Agreement.

Strategists at the Institute of Strategic Management have developed a position paper that outlines frameworks and strategies that can assist the Federal Government harness the benefits of the African Continental Free Trade Agreement. The ISMN said if adopted, the strategies could significantly grow the country’s economy, boost its Gross Domestic Product and strengthen the value of naira. The President of ISMN, Alex Enebeli, said this at the institute’s annual conference […]

August 9, 2021 113

BUSINESS

The Nigerian National Petroleum Corporation on Sunday announced a trading surplus of N43.57bn in April 2021, representing a 23.64 per cent increase over the N35.24bn surplus it recorded in the preceding month of March 2021.

The Nigerian National Petroleum Corporation on Sunday announced a trading surplus of N43.57bn in April 2021, representing a 23.64 per cent increase over the N35.24bn surplus it recorded in the preceding month of March 2021. It disclosed this in a statement issued in Abuja by the corporation’s Group General Manager, Group Public Affairs Division, Kennie Obateru. Meanwhile, trading surplus or trading deficit is derived after deduction of the expenditure profile […]

August 9, 2021 28

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