Oil Production Increases by 25,000 barrels per day – OPEC The Organisation of the Petroleum Exporting Countries (OPEC) says Nigeria’s daily oil production rose by 25,000 barrels per day, increasing from 1.251 million barrels per day in May to 1.276mbpd in July. It disclosed this in...

Naira Gains Marginally, Now N1,554.65 per Dollar The naira appreciated against the dollar at both official and parallel foreign exchange markets for the first time since last week. FMDQ data showed that the naira appreciated marginally to N1,554.65 against the dollar on Thursday from N1,561.98 traded...

Mandela Washington Fellowship Alumni Gets Matron After a Decade The Mandela Washington Fellowship Alumni Association of Nigeria (MWFAAN) has for the first since its inception 10 years ago inaugurated Dr. Miaro Mandara her maiden matron. During the event which took place in Abuja on Monday, the...

Arewa Economic Forum Laments Food Shortages, Inflation, Proffers Solutions The Chairman of the Arewa Economic Forum (AEF), Ibrahim Shehu Dandakata, has stated that a concerted effort is necessary to combat food insecurity in the country, given the prevalent hunger among citizens. During a press conference in...

GenCos, DisCos, Others Exempted from Withholding Tax The federal government has categorised all electricity companies, including the Generation and Distribution Companies (GenCos and DisCos), as those exempted from the payment of Withholding Tax in the country. This was contained in the new Withholding Tax regulation document...

Company to Invest $172bn in Agriculture, Energy, Other Sectors Backbone Infrastructure Nigeria Limited, a multi-national company, has announced its intention to invest $172bn to develop various infrastructure sectors in the country. This investment, utilising alternative financing options, will be allocated to mineral resources, energy, agriculture,...