Nigeria lost $30 billion in oil revenue between 2014 and 2015, the Executive Director, Nigerian Export…
Tag: Nigeria
Nigeria spends $6bn on wheat importation annually
The Director, Institute for Agricultural Research (IAR), Zaria, Prof. Ibrahim Umar-Abubakar, on Thursday said Nigeria’s wheat…
Nigeria approves 3-year budget plan, WTO trade facilitation agreement
The Federal Executive Council (FEC) on Wednesday in Abuja approved the Medium Term Expenditure Framework (MTEF)…
$10bn trapped outside Nigeria due to FG, CBN policies
The organised private sector, comprising manufacturers and small businesses in the country, Tuesday, stated that the…
Nigeria earns N3.3tr from crude oil sales to India, others in one year
Nigeria exported 322 million barrels of crude oil valued at $17billion to India, Spain and the…
How can Nigeria earn more money from export?
Due to the economic recession and low revenue from importation, the government has decided to diversify…
Russia to build strong economic relations with Nigeria
The ambassador of Russia in Nigeria, Nikolay Udovichenko, said on Tuesday in Abuja that his country…
Nigeria as one of the world’s worst countries
The Fund for Peace, a Washington D.C.-based non-profit, non-governmental research and educational institution, has ranked Nigeria…
Nigeria spends N1bn daily on rice imports, says Onu
The Minister for Science and Technology, Dr. Ogbonanya Onu has said the country spends over N1…
Nigeria loses $5.9bn to oil theft
The Executive Secretary, Nigeria Extractive Industries Transparency Initiative (NEITI), Waziri Adio, said Nigeria lost over USD5.9billion…
Nigeria seeks trade parity with China
The Federal Government is seeking parity in its existing trade relationship with China. Minister of Information and…
Committee says lack of shipping line costs Nigeria $2.2b
Nigeria lost $2.2 billion in 2014 due to lack of an international fleet, a Ministerial Committee…