FG To Explore Alternative Funding Model For Oil, Gas Industry Development – NUPRC   The Nigerian Upstream Downstream Regulatory Commission (NUPRC) says the Federal Government has concluded plans to explore alternative funding models for development of the country’s oil and gas resources. Mr Gbenga Komolafe, the Commission...

Nigeria’s Average Crude Oil Production Rises By 15% In 2023   Despite its perennial underproduction in the last two years, Nigeria has been able to ramp up its crude oil output compared to its budget benchmark from an average of about 60 per cent to 75...

Manufacturing Output Drops By 9.7% To N6.67trn   The production output of Nigeria’s Manufacturers fell by 9.7 percent to N6.67 trillion in 2022 from N7.39 trillion in 2021 on account of forex scarcity, high inflation, high cost of energy and limited household purchases. Director General, Manufacturers Association...

Credit To Private Sector Increased To N43.07trn In Q1, 2023   Despite economic challenges, political tensions, fuel and naira shortages that slowed down business activities in Q1 2023, credit to the private sector hreached an all-time high of N43.07 trillion, with expectations of a further increase...

SAHCO, NAHCO, Customs Dispute 100% Cargo Handling Increment   There seems to be a dispute between the Nigerian Aviation Handling Company(NAHCO), Skyway Aviation Handling Company (SAHCO) and the Association of Nigerian Licensed Customs Agents (ANLCA) Murtala Muhammed International Airport Ikeja, over the commencement of a 100...

Stock Market Depreciated By N1.01trn In April   The stock market of the Nigerian Exchange Limited (NGX) depreciated by N1.01trillion or per cent in April 2023 amid impressive 2022 financial year corporate earnings and dividend payout to shareholders by listed companies. Although the stock market has gained...