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,...

CNG: FG Allocates N36bn to Convert 30,000 Vehicles The Federal Government will spend an average of N36bn to convert 30,000 petrol or diesel-powered vehicles to start running on Compressed Natural Gas in the next 90 days. The government said it had acquired 30,000 CNG conversion kits...

Nigeria Generates $1.2bn Annually from Hide, Skin Export – MACBAN Nigeria earns about $1.2bn annually through the export of hides and skin from the livestock sector, the Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) declared on Sunday. MACBAN, an advocacy group centred on promoting the...

EXCLUSIVE: Supreme Court Ruling; Many Governors in Alleged Last-minute Devouring of LGA Funds The last may not have been heard of the Supreme Court ruling that granted autonomy to Local Government Councils recently. There are allegations that many governors are rushing to introduce all manners of...

UK Commits $50m to Small Businesses in Nigeria British International Investment, the United Kingdom’s development finance institution and impact investor, recently announced a $50m commitment to Access Bank for businesses. A statement from BII said that the facility was part of a $295m loan package arranged...

236m barrels of Crude Oil Produced in Six Months – NUPRC Data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) shows that the country produced a total of 236,229,281 barrels of crude oil in the first half of 2024. The report shows that 44.2 million barrels...