Economy

Senate President, Ahmed Lawan has said, during a meeting with representatives of the International Monetary Fund (IMF) who visited him in Abuja, that atrategy has been planned, for the passage of the PIB, according to a statement by his…
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Standard Chartered Bank’s Chief Africa Economist Razia Khan, yesterday advised the federal government to initiate reforms that would prevent the economy from external shocks in the event of a slump in crude oil price. Speaking at the…
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-By Benjamin Ime On Thursday, January 23rd, Nigeria and six other English-speaking countries, including Ghana, The Gambia, Guinea, Liberia, Sierra-Leone and Cape Verde met to review the controversy trailing the adoption of Eco currency…
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Nigerian National Petroleum Corporation (NNPC) has reported that crude oil export sales contributed $396.94 million or 82.14% of the nation’s dollar transactions in October 2019, compared with $267.97 million contribution in the previous…
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Nigeria exported $5.49 billion worth of crude oil and gas between October 2018 and October 2019, a report by the Nigerian National Petroleum (NNPC) has said. The report said that crude oil export sales contributed $396.94 million (82.14…
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The Nigerian public oil company (NNPC) has announced that it will conclude by the start of the second quarter a financing agreement of 2.5 billion dollars which will be used to build the largest gas pipeline in the country, called AKK…
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The Nigerian National Petroleum Corporation (NNPC) has paid a total of $483.25 million to the Federation Account in October, 2019. This was contained in the 51st edition of NNPC’s Financial and Operational Report.The report noted that…
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Commercial banks in Nigeria, at the weekend, began descending on heavy debtors, mainly oil firms with history of non-performing loans, as fear of recapitalisation and mergers continue to rock the money market sector. Some of the…
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Between January and November last year, the Federal Government made about N5.04tn from the sale of oil, figures obtained from the Central Bank of Nigeria have revealed. The oil revenue, according to the CBN economic report for November,…
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A Professor of Law and Director, Institute for Oil, Gas, Energy, Environment and Sustainable Development (OGEES Institute), Afe Babalola University, Ado Ekiti, Damilola Olawuyi has said most of the legal framework in the nation’s oil and…
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