Manufacturing Sector's Appeal Dims Amid Shrinking Investments   The manufacturing sector is losing foreign investments, as an 87 per cent gap in 27 months betrays an unattractive industry. Stakeholders say that only stable macroeconomic conditions can cause a rebound. The gap between foreign capital inflows into Nigeria’s...

Nigeria Targets $4.5bn Cost Savings in Oil and Gas Sector by December   Nigerian National Petroleum Company Limited (NNPC) has said the country’s oil and gas industry is on course to save between $3 billion and $4.5 billion in operational costs this year, while pursuing investment...

Okonjo-Iweala Applauds Tinubu on Economic Reforms, Stability The Director-General of the World Trade Organisation, Dr. Ngozi Okonjo-Iweala, on Thursday commended President Bola Tinubu for working to stabilize Nigeria’s economy, saying reforms under his administration are moving in the right direction. Speaking to State House correspondents after...

Naira Depreciates to 1560/$ in Black Market  The naira extended its decline against the US dollar on Thursday, August 14, marking a sustained fall in the parallel market since trading resumed on Monday. Currency dealers in Abuja told Economic Confidential that high demand kept exchange rates...

CNG Attracts N1.5trn Investment in 18 Months - Report The Presidential Compressed Natural Gas Initiative (PCNGI) has stated that since the introduction of CNG in the country, it has attracted $980m (N1.504trn) investment in 18 months. Speaking during the launch of the Portland Gas Ltd /...

Fix PHarcourt Refinery or Resign, Marketers Warn Ojulari Oil marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria (IPMAN) have asked the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, Bayo Ojulari, to either fix the Port...