Petrol Imports: FG Spends N2.95tn in 2018 The cost of importing Premium Motor Spirit, known as petrol, jumped by almost 50 per cent to N2.95 trillion...
Nigeria Loses $16bn to Production Sharing Contracts —NEITI The Nigeria Extractive Industries Transparency Initiative said that Nigeria lost at least $16 billion in ten years due...
Nigeria’s Refineries Lose N114.3bn in 11 Months The Nigerian National Petroleum Corporation has reported that refineries across the nation accumulated N114.5 billion in losses during the...
Nigeria’s Trade Volume Rises N32.2tn in 2018 The total volume of trade in 2018 stood at N32.2 trillion, according to the National Bureau of Statistics. The...
Nigeria’s Oil Exports Drop as Aiteo Shuts Pipeline The nation’s crude oil export has suffered a setback following the shutdown of the Nembe Creek Trunk Line,...
Manufacturing Sector Expands in February The Nigerian manufacturing sector sustained expansion in February for the twenty-third consecutive month, the Central Bank of Nigeria reported on Wednesday....
Nigeria Generates N5.54trn Oil Revenue in 2018 Nigeria generated N5.54 trillion from oil revenue in 2018, according to the Central Bank of Nigeria. The figure published...
Oil Sector: Source of Illicit Financial Flows The Nigeria Extractive Industries Transparency Initiative and Trust Africa have revealed that Nigerian business operators in the oil and...
Power Generation Once Again Plunged to 3,456MW Nigeria’s unstable power generation continued to fluctuate in February. Power generation plunged from 4,564.60MW on February 19 to 3,456MW...
Debts Exceed Statutory Revenues in 32 States, Says FRC The consolidated debts of 32 states of the federation exceeded their gross statutory revenues in 2017, a...
