Nigeria spent N958.3 billion importing Premium Motor Spirit (PMS), also known as petrol, in five months.…
Tag: Nigeria
Nigeria’s GDP contracts by -2.24 % in 3rd quarter
The National Bureau of Statistics (NBS) said Nigeria’s Gross Domestic Product (GDP) in real terms declined…
Nigeria’s economic crisis deepens as businesses struggle to access foreign exchange
Nigeria’s economic slump sharpened in the third quarter as rebels bombed oil pipelines in the restive…
Rice: Vietnam plans more exportation to Nigeria
The Deputy Director-General at the Vietnam Ministry of Industry and Trade, Ngo Hoan on Monday announced the Vietnamese…
Maersk containership attacked by pirates off Nigeria
A Maersk Line container vessel came under attack from Nigerian pirates on Saturday according to a…
1.2m metric tonnes of poultry products smuggled into Nigeria annually
The Poultry Association of Nigeria (PAN) has given 1.2million metric tons as the estimated volume of…
Nigeria cancels joint venture cash calls with oil companies, targets $15 billion investments
The Nigerian government has finally announced the cancellation of joint cash call with oil companies operating…
China Exim Bank to spend $1bn on Nigeria’s economic zones
The Minister of Industry, Trade and Investment, Okechukwu Enelamah, said that the Export-Import Bank of China…
Argentina raises crude imports from Nigeria
Two tankers carrying three million barrels of Nigerian and Angolan crudes set sail this month to…
Non-oil sector accounts for over 50% of Nigeria’s revenue
Non-oil sector currently accounts for over 50 per cent of revenues accruing to Nigeria’s federation accounts…
Nigeria may not move out of recession in 2017 – MAN
The President, Manufacturers Association of Nigeria, Dr. Frank Jacobs, says with the current economic situation, the…
We will move Nigeria beyond oil export, says Kachikwu
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, says Nigeria will move beyond oil…