NNPCL Restores Production of 275,000 bpd Following a peace deal brokered yesterday on by the Nigerian National Petroleum Company Limited (NNPCL) between the Management of TotalEnergies, operator of the NNPC / TotalEnergies JV, the Petroleum and Natural Gas Senior Staff Association, (PENGASSAN) and the Nigeria...

'Inflation to Hit 30% by December'   KPMG forecasts that Nigeria’s headline inflation will rise to 30 percent by December 2023, attributing the anticipated increase to recent reforms, such as fuel subsidy removal, and the unification of the foreign exchange market. The insights were shared in KPMG’s...

Eight Firms Record N918.1bn Currency Revaluation Loss   Eight firms have declared N918.1bn as currency revaluation loss following a 68.55 percent decline in the value of the naira against the dollar as of the end of September 2023. Following a Central Bank of Nigeria move in June...

Tinubu Committed to Transforming Economy from Oil Dependence to Agriculture, Technology - SGF By Nafisat Bello The Secretary to the Government of the Federation, George Akume, has said the present administration is poised to transform the country's oil dependent economy into vibrant agriculture and technology driven...

Cooking Gas Price Hike: NLNG Faults Market Forces, External Factors The Nigerian Liquefied Natural Gas Company Limited (NLNG) has denied responsibility for the recent price hike in the country’s cooking gas. In a statement, NLNG’s General Manager, External Relations, Andy Odeh, described media reports insinuating that...

Agribusiness: Expert Laments N5trn Annual Loss on Perishable Products By Nafisat Bello An expert in agribusiness, Dr Peter Anyim, has expressed worry over the state of agriculture in Nigeria as the sector remains an unfulfilled potential in the country. He said the annual post-harvest loss of 5...