Nigeria’s Oil Production Falls 13.6% to 1.08mbpd in H1 Nigeria’s oil production in the month of July 2023 fell by 13.6 percent to an average of 1.08 million barrels per day compared to 1.25mbpd recorded in June, latest production data from the Nigerian Upstream Petroleum...

Naira Slump: Marketers Project Fuel Price Hike this Month Oil marketers have warned on the possibility of another hike in petrol price this month due to fall of the naira against the United States dollar, coupled with the recent rise in global crude oil prices. Although...

More Losses Projected as Nine Firms Lose N960bn in H1 - Report Following foreign exchange reforms, Nigerian businesses have envisaged increased losses in the second quarter of the year. Already, nine firms had lost N960.18bn to the new forex policy in the second quarter. According to the...

Diaspora Remittances Fuel Money Laundering, Trafficking in Persons - CBN Diaspora remittances is one of the major sources of money laundering, and trafficking in persons, Mr. Folashodun Shonubi, Acting Governor of the Central Bank of Nigeria (CBN), has said. While underscoring the positive impact of the...

Saudi's Vision 2030 Unleashes Potential For Collaboration - Finnish Conglomerate By Zekeri Idakwo An international business conglomerate, Business FinLand, has lauded Saudi Arabia's Vision 2030 Development Plan, saying that it is one their mega venture stands to benefit from. Business FinLand Senior Advisers, Nabil Mohamed and Mudar...

US Cautions FG on China Loans, Control The United States of America opined that Chinese loans could give China the ability to control the Nigerian government. This was stated in the Integrated Country Strategies document by the US Department of State. The document was originally approved on...