In October, Nigeria’s Crude Oil Production Hits 1.43 million bpd - OPEC The Organization of Petroleum Exporting Countries says Nigeria’s daily crude oil production increased from 1.39 million barrels per day (bpd) to 1.43 million bpd in October 2024. This was revealed in the November 2024...

Naira Depreciation: 16 Major Firms Lost N792bn in One Year- MAN The Manufacturers Association of Nigeria, MAN, yesterday said that 16 major manufacturing firms incurred cumulative losses amounting to N792 billion between 2023 and 2024. Also, Chairman, Ogun State Manufacturers Association of Nigeria, MAN, Mr. George...

Nigeria's Foreign Debt Service Gulps $3.5bn in 2024 - Report The Federal Government spent $3.58 billion servicing its foreign debt in the first nine months of 2024, representing a 39.77 per cent increase from the $2.56bn spent during the same period in 2023. This is according...

FG Pledges to Settle Pension Arrears, Releases 25% of N88bn budgeted - Edun The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says the Federal Government has released about 25 per cent of the total amount budgeted for pension arrears this year. He...

FG Bars Pilots from Working for Multiple Airlines The Nigeria Civil Aviation Authority has warned flight crew members, especially pilots against working for multiple airlines concurrently with their approved privileges simulators and proficiency checks endorsed on their licence. The authority stated that such action posed a...

Nigeria's Total External Trade Rises to N6.9tn in Q2, Says Shettima Vice President Kashim Shettima has stated that trade facilitation programmes implemented by the current administration increased the country’s trade balance to N6.5tn in the second quarter of 2024. He said efforts to maximise economic opportunities...