NNPC Targets $25bn Gas Pipeline Deal   The Group Managing Director of the Nigerian National Petroleum Company Limited, Mele Kyari, has said that an investment decision on the $25bn gas pipeline from Nigeria to Morocco that could supply the commodity to...

IMF Lowers Nigeria’s Economic Growth Projection To 3.2%   The International Monetary Fund (IMF) has lowered Nigeria’s 2022 economic growth projection to 3.2 per cent. This is 0.2 percentage points lower than the 3.4 percent projected in its July 2022 report. The Washington-based...

Air Travel Increased By 68% In August – IATA   The International Air Transport Association (IATA) has said that air traffic increased 67.7 per cent in August 2022, when compared to what was recorded in the same month in 2021. IATA also...

Credit To Private Sector Hit N62.28trn In Q2, 2021 - NBS   The National Bureau of Statistics (NBS) yesterday said the total credit allocated to the private sector in Q1 2021 stood at N62.28 trillion. According to its report entitled: “Selected Banking...

Crude Theft Dips Oil Production To 0.94mbp In September   Crude oil production in Nigeria slumped to about 0.94 million barrels per day in September 2022, the Federal Government said on Monday. Figures released by the Nigerian Upstream Petroleum Regulatory Commission, an...

FG Spent $11.6m On Armoured Vehicles Amid Forex Scarcity   While the country battled with shortage of foreign exchange, the Federal Government spent $11.56m on remodelling and refurbishing 107 armoured vehicles which were donated by the Hashemite Kingdom of Jordan. The Second...