Economic Confidential

Oil Output Rises to 2.1 Million Barrels Per Day – NNPC

Nigeria's oil production has risen to 2.1 million barrels a day, the managing director of state oil firm NNPC has said, without giving an explanation for the increase. "We are hoping that by the end of 2017 we should ramp...

Domestic Airlines Drop from 150 to Eight

The number of domestic airlines in the country has dropped from 150 to eight in the last 17 years, the Nigerian Civil Aviation Authority has said. The General Manager, Public Relations, NCAA, Sam Adurogboye, said during an interaction with journalists...

Shareholders Get N30bn Stranded Dividend

The Securities and Exchange Commission has said that over N30bn has so far been paid to investors in the Nigerian capital market from the backlog of unclaimed dividends. As a means to further reduce the unclaimed dividends profile and curb...

Experts Predict Further Gain as Naira Hits 445/dollar

The naira rose to 445 against the United States dollar at the parallel market on Sunday, one week after the Central Bank of Nigeria introduced a new policy measure aimed at boosting foreign exchange supply in the market. The local...

Naira Continues Gain, Closes at 505/Dollar

The naira recorded further gain against the United States dollar on the parallel market, reversing part of the loss it had recorded in recent days. Specifically, the naira rose to 505/dollar on Wednesday, up from 512/dollar on Tuesday, as the...

Nigeria Lost N217bn to Gas Flaring in 2016 – NNPC

The country lost at least N217bn last year as oil and gas companies flared a total of 244.84 billion standard cubic feet of natural gas in that period, data from the Nigerian National Petroleum Corporation have shown. The latest monthly...
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