Nigeria, Germany Sign $500m Gas, Renewable Energy Deals   In a significant move to strengthen economic ties, Nigerian and German companies sealed two pivotal agreements in Berlin on Tuesday. The accords valued at $500m, encompass a renewable energy pact and a gas export deal, marking a milestone...

Nigeria’s Rig Count Drops by 13% Nigeria’s rig count, a major index of measuring activities in the upstream sector, dropped month-on-month, MoM by 13.3 percent to 13 in October 2023, from 15 recorded in the preceding month of September 2023. This showed that there was limited...

Petrol Retail Price Rose to N630.63 in October – NBS   The National Bureau of Statistics (NBS) says the average retail price of a litre of petrol increased from N195.29 in October 2022 to N630.63 in October 2023. It made the declaration in its Petrol Price Watch...

FG Decries 4% Intra-African Low Trade The federal government has decried the low level of Trade between Nigeria and other African countries as the African Continent Free Trade Area Agreement nears full implementation. The Minister of Industry, Trade and Investment, Doris Uzoka-Anite stated this yesterday in...

Lottery Fund: Reps to Audit Over N2.5bn IGR Expenditure, Others The House of Representatives Committee on Finance on Monday said it will audit the books of the National Lottery Trust Fund for spending almost N2.5 billion Internally Generated Revenue of the agency for 2023 without...

Equity Market Begins Trading with 0.15% Loss on First Day After closing on a positive note last Friday, the Nigeria Exchange (NGX) started the week on a bearish note as the All-Share Index declined by 0.15% to close at 71,008.7 points after closing at 71,112.99...