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Nigeria’s oil production falls over poor maintenance, says World Bank

The World Bank has said that Nigeria’s oil production declined in 2021 due to a lack of maintenance and the loss of infrastructure efficiency. It...

Nigeria commits to improve West African gas pipeline project performance

Sylva The Federal Government of Nigeria has said that it will continue to work with stakeholders for the improvement of the West African Gas Pipeline...

OPEC raises Nigeria’s oil quota amidst low production

The Organisation of Petroleum Exporting Countries on Thursday raised Nigeria’s oil production quota from the 1.735 million barrels per day target approved in April...

Nigeria’s 2023 Outlook and the looming danger

  By Michael Owhoko, Ph.D   I am neither a prophet nor a clairvoyant, but from the manifestation in my crystal ball, I see Nigeria in 2023...

Rising Oil Prices and Nigeria’s Grim Economic Indices

Nigerians should ordinarily be rejoicing over the rising prices of crude oil in the international market. However, it would be stating the obvious to say...

Nigeria’s Export Trade to Hit $112bn by 2030-Report

New research by Standard Chartered Bank has projected that Nigeria’s export trade would hit $112 billion in 2030 and would be recording a Year-on-Year...

Nigeria’s inflation falls to 16.63%, lowest in eight months

The inflation rate in Nigeria declined for the sixth consecutive month to 16.63 per cent in September, its lowest level since January this year,...

AfDB partners investors to mobilise  $520 million to upscale agriculture transformation

Adesina In its bid to upscale Agricultural Transformation in Africa, African Development Bank, AfDB has partnered other investors to mobilise $520 million for the project.   So,...

Nigeria must also build world-class local pharmaceutical industries says Adesina

    ... pledges to invest $3 billion in support of local pharmaceutical industries in Africa   The Federal Government of Nigeria has been urged to build world...

Nigeria’s Oil output 360,000bpd lower than OPEC quota

Nigeria saw its crude oil production increase slightly last month to about 1.25 million barrels per day, which is 360,000 bpd lower than the...

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