Nigeria Oil Production Slumped To 1.08mbpd July - OPEC   Nigeria maintained 14 functional oil production rigs in July, after recording the same number of rig count/units in the preceding month of June 2023, latest data on World Rig Count and Units released by the Organisation...

Minerals: FG to Tap $37bn Market as Firm Confirms Lithium Deposits in Oyo State Thor Explorations Ltd, a Canadian mineral exploration company says it has confirmed the availability of lithium deposit in Oyo State. In an initial drilling result on its search for lithium, it said...

MAN Warns FG, Says N77trn Debt may Halt Tinubu’s Economic Plan Nigeria's estimated N77 trillion debt burden is likely to stifle President Tinubu's economic plans, says the Manufacturers Association of Nigeria (MAN). The manufacturers also lamented that the sector has been at the receiving end of...

Fuel Prices Rise 9.5% in States above official price — Report In some Nigerian states, the pump price of petrol has risen beyond the official post-subsidy price, according to the National Bureau of Statistics (NBS). This was revealed in its report “Premium Motor Spirit (Petrol) Price...

Nigeria’s Net Foreign Reserves Drop to $3.7bn in 2022 – JP Morgan An American multinational financial services firm, JP Morgan, has estimated that Nigeria’s net foreign exchange (FX) reserves drop to $3.7 billion as of the end 2022. This is contained in the firm’s latest report...

FG to Revive Ajaokuta Plant, Develope Steel Sector - Audu The Minister of Steel Development, Shuaibu Audu, has vowed resuscitate the Ajaokuta Steel Company. During a press briefing in Abuja on Monday, Audu affirmed his commitment to restoring the moribund steel plant. According to him, he will...