FG Loses N847bn to Gas Flaring in One Year – NOSDRA The National Oil Spill Detection and Response Agency data has shown that the Federal Government lost about N843bn to gas flaring between January 2022 and August 2023. NOSDRA, in its latest gas flare report, disclosed...

Naira Falls 40%, Among Worst Currencies in Africa, Says W’Bank The Nigerian naira is among the worst-performing currencies in Africa, weakened by nearly 40 per cent against the US dollar since a mid-June devaluation, says the World Bank. The global bank explained in its report titled,...

Cooking Gas Price Rises By 17%   The price of Liquefied Petroleum Gas (LPG) otherwise known as cooking gas, has risen by 17 per cent in October 2023 as the 12.5kg now sells at N10,250 from N8,500 recorded in August 2023. This is even as the price...

Investors Gain N213bn As Equity Market Rebounds   The Nigerian Exchange Limited (NGX) on Tuesday halted seven days of bearish trading to close the market with a gain of N213bn for investors. Both the All-Share Index and the Market capitalisation rose by 0.59 per cent to 66,770.97...

FG Says 23 Oil Blocks Failed to Produce Crude   No fewer than 23 oil blocks managed by both international and local oil companies, which are under crude oil Production Sharing Contracts with the Nigerian National Petroleum Company Limited (NNPCL) failed to produce crude or were...

Domestic Airfares Rise 21% to N79k in One Year - Report The National Bureau of Statistics (NBS) says the average price of domestic flight tickets in Nigeria rose to N79,011 in a year. The NBS disclosed this in its recent ‘Transport Fare Watch’ report for August...