Shola Shittu

Nigeria’s Oil Production Boosts OPEC’s October Output To 33.54mbpd

Oil production from the Organisation of the Petroleum Exporting Countries (OPEC) rose to another record, hitting 33.54 million barrels per day (b/d) in October. The figure was significantly boosted by recoveries in Nigeria and Libya and more than offset field...

Foreign Capital Importation Rebounds to $1.82bn in Q3

The total value of capital imported into the country grew by 74.84 per cent to $1.82 billion in the third quarter (Q3) of the year, but dropped by 33.70 per cent relative to the third quarter of 2015, the...

NNPC earns N1tr from Petrol, Kerosene sales in one year

The Nigerian National Petroleum Corporation (NNPC) has generated N1trn as revenue from the sales of white petroleum products between September 2015 and August 2016. The NNPC revealed in its latest financial and operations report that the sales were made through...

NSE’s ETF Assets under management hits N4.24bn

The Nigerian Stock Exchange (NSE) has said that its Exchange Traded Funds (ETF) market now has total Assets Under Management (AUM) of over N4.24 billion. An Exchange Traded Fund (ETF) is a financial security that tracks an index, either in...

Nigeria Risks $3.4bn Losses As FG Extends Gas Flaring Deadline

The large scale air pollution by international oil companies (IOCs) through gas flaring will officially continue in Nigeria until 2020, putting up $3.4 billion worth of gas up in flames during the period, New Telegraph has learnt. The Federal Government,...

Rice Revolution Has Started – Emefiele

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has disclosed that rice revolution has started in Nigeria. The CBN governor also said the apex bank does not have foreign exchange to continue to support importation of farm produce,...
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