Oil Demand to Grow by 2.2 million Barrel Daily – OPEC The Organisation of Petroleum Exporting Countries (OPEC+) has further extended its oil production cuts this month, with a target to push oil price to $100 a barrel. The decision was anything but unexpected and, unlike...

Naira Gains at Parallel Market, Exchanges for N1,150/$1 The value of the naira has strengthen at the parallel market on Thursday as the three-day public holiday was rounding up, selling around N1,150 to the dollar compared to N1,200 which it sold on Monday this week. According...

Manufactured Goods Imports Rise 269% to N9trn – NBS The value of manufactured goods imported into the country rose Year-on-Year (YoY) by 268.76 percent to N9.03 trillion in the fourth quarter of 2023 (Q4’23) from N2.45 trillion in the same period in 2022. The figure also...

Umahi Knocks Atiku's Claim, Says Lagos-Calabar Coastal Highway Cost N4bn per kilometre The Minister of Works, David Umahi, has said the government is constructing the Lagos-Calabar coastal highway at a total cost of N4bn per kilometre and not the N8bn per km reportedly claimed by...

Global Financial Institutions Lost $12 billion to Cyberattacks in 20 years – IMF The International Monetary Fund (IMF) has revealed that financial institutions lost a total of $12 billion to cyberattacks in the last 20 years. Out of this amount, $2.5 billion was lost between 2020...

Nigeria's Low Crude Production Cause of Revenue Loss, Says PETAN The Petroleum Technology Association of Nigeria has claimed that the country is losing a lot of revenue daily due to its inability to ramp up crude oil production. The Chairman of PETAN, Wole Ogunsanya, stated this...