Nigeria’s Spending on Jet Fuel Importation Drops by 87% to N31bn - NBS   Nigeria’s spending on kerosene type jet fuel importation fell quarter-on-quarter (QoQ) by 87 percent to N31 billion in the first quarter of 2024 (Q1’24) from N239.18 billion in Q4’23. Meanwhile, according to a...

Crude Oil: Nigeria’s Average Daily Production Stands at 1.6mb – NUPRC The chief executive officer (CEO) of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, says the country’s average daily production stood at 1.6 million barrels per day (mbpd) as of July 23. Komolafe spoke...

Nigeria Raked in About $100b Diaspora Remittance in Five Years – Dabiri-Erewa Abike Dabiri-Erewa, the chairman and chief executive officer of Nigerians in Diaspora Commission said the country has raked in about $100 billion from diaspora remittances in the last five years. This is as she...

Crude Oil Revenue Increases by N91bn in June – FG The marginal rise in crude oil production in June 2024 increased Nigeria’s earnings from crude oil sales by about N91bn in the same month. Latest oil production data obtained from the Nigerian Upstream Petroleum Regulatory Commission,...

Inflation Increases to 34.19% Amid Soaring Food Prices Nigeria’s inflation rate increased to 34.19 percent in June 2024 from 33.95 percent in May. The data is captured in the National Bureau of Statistics (NBS) in its consumer price index (CPI) report for June, released on Monday. The...

Nigeria Records 87m Bribery Cases in 2023 - NBS According to the latest report from the National Bureau of Statistics (NBS), Nigeria has witnessed a significant decrease in bribery cases, with approximately 87 million bribes paid in 2023, compared to 117 million in 2019. This...