The Nigerian National Petroleum Corporation (NNPC) Limited reported earnings of $224.29 million (about N93.424 billion) from crude oil and gas exports in August, 2021, as compared with $191.26 million (N79.7 billion) in July, 2021. A breakdown of the figures captured in the August, 2021, NNPC...

The Senate Committee on Public Accounts has cleared the Bureau of Public Enterprises (BPE) of allegations of financial impropriety brought against it by the Office of the Auditor General of the Federation (OAuGF). This is contained in a statement issued by Mr Ibeh Chidi,...

More Nigerians Lose Job, Withdraw N30bn Pension Savings   More Nigerians withdrew funds from their pension savings, after losing their jobs, the numbers rose to 28,041 in September 2021 from 26,458 in the same period of 2020. Data obtained from the National Pension Commission on withdrawal of...

Rice, Beans, Tomato Jerked Up December’s Inflation   The eight-month reduction in Nigeria’s inflation was broken in December following a 0.23 percentage point increase as a result of the movement in the prices of mainly rice, bean and tomato. Economic Confidential had reported that the 15.63 inflation...

In Two Years, FDI Dropped By 48%   Foreign Direct Investment in Nigeria has dropped by $325.82m in two -year, according to data from the National Bureau of Statistics. According to capital importation reports by the NBS, in the first nine months of 2019, the FDI contributed...

Foreign Inflows Drop By 32%, UK, Others Slash Nigeria Investments   The Central Bank of Nigeria has disclosed that capital importation into the country fell by 32 per cent to $500m in October 2021, from $660m recorded in September. The CBN disclosed these figures in its latest...