OPEC’s monthly oil market report for March reported that Nigeria’s oil production increased by 63,000 barrels to 1.42 million BPD in February.
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From its last report on public debt, which was published on the DMO’s official website, the figure stood at N32.2tn as of the end of September 2020, which showed an increase of N700bn, adding that the figures include the Debt Stock of the Federal and State Governments, as well as the Federal Capital Territory.
Central Bank of Nigeria, the country’s highest financial institution has introduced a new scheme called the Naira4Dollar Scheme to improve on its remittances from the diaspora.…
Nestlé Nigeria Plc has reported revenue of N287.08 billion for the 2020 financial year. The company’s audited result released on the Nigerian Stock Exchange showed that…
Nigeria’s former minister of Finance Dr. Ngozi Okonjo-Iweala, on Monday, started work as the new Director-General of the World Trade Organisation (WTO). “Welcome to Dr Ngozi…
Ghana has become the toast of exploration firms in the continent and is now Africa’s largest gold producer. It churned out 80.5 tonnes in 2008. To…
The ministry projects N1.34 trillion worth of investment from the 12 highways representing 1,963 kilometres of the country’s 35,000 km federal highway network.
Nigerian Breweries Plc has declared a revenue of N337.01 billion for the financial year ended Dec. 31, 2020. The revenue represented an increase of 4.3 per…
It appears the Q1 pledge of President Muhammadu Buhari’s government has been achieved. Official figures released from the Nigeria Bureau of Statistics shows Nigeria has exited…
The debt spiked up in the full year of 2020 due to the covid-19 impact on the economy, which resulted in increased borrowing from the Bretton Wood Institutions, as well as the African Development Fund.