Economy

*Experts point way forward Revenue from oil export fell by a whopping 41.44 per cent to $2.033 billion in the first nine months of 2020, compared to $3.47 billion received in the corresponding period of 2019, data from the Nigerian…
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Nigeria is leading the West African region in Liquefied Natural Gas, LNG, export and relatively exposed to spot market, according to data monitored by Oriental News Nigeria. Exports of LNG from West Africa’s four producers showed…
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India in the third quarter of last year topped list of crude oil export destinations of Nigeria, according to newly released data from the Africa’s largest economy bourse, NBS. The Nigerian Bureau of Statistics in its Commodity Price…
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President Muhammadu Buhari on Thursday in Abuja signed the 2021 Appropriation Bill of N13,588,027,886,175 into law. The president’s action followed the earlier passing of the bill by the National Assembly on Dec. 21 during an emergency…
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There are indications FG may exceed N7.89trn 2021 revenue target as oil prices rise the Federal Government may be on course to meet and perhaps, surpass the projected oil revenue target in the 2021 budget if the recent rise in the prices…
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The National Assembly has passed the 2021 budget raising the proposed estimate of N13.082 trillion to N13.588 trillion.  This is an increase of N505 billion from the proposed figures presented by the executive. This budget was passed…
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Nigeria earned $25 million (approximately N9.5 billion) through the oil and gas sector in the third quarter of the year, according to data from the statistics office, NBS. The National Bureau of Statistics in the report, ranked the…
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Godwin EmefieleThe Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has reiterated the need for the country to discontinue with heavy dependence on crude oil to guarantee public revenue and foreign exchange. Emefiele…
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*Nigeria consumes 70% fuel imported into W/Africa Group Managing Director, Nigerian National Petroleum Corporation, Mele Kyari, has said the only way to stop smuggling of petroleum products from Nigeria is to sell at the same price with…
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Nigeria’s energy sector is about to receive a major boost from huge investment decisions from China, which is eyeing key exploration operations in the oil and gas sector in Africa. According to a Modern Diplomacy report, China has a…
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