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Oil Production Rose by 0.89% to 1.71m in July – NUPRC

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says Nigeria’s oil output rose by 0.89 percent to 1.71 million barrels of oil per day (bpd) in July.

ECOWAS Targets $2.5bn Funding for Counter-terrorism

The Economic Community of West African States (ECOWAS) has announced plans to activate 260,000 counter-terrorism brigade in the subregion.

MAN Laments Return of FOB Levy

The reintroduction of the four per cent Free on Board (FoB) levy has continued to cause a stir in the port community, with manufacturers warning that the spike in the cost of clearing may have huge consequences for general prices, their continued operation and job creation.

Lagos Targets $1bn Forex Inflows Annually from SMEs

The Lagos State Government has revealed that it is targeting an additional $1 billion (one billion dollars) annual income through Small and Medium Enterprises (SMEs).

Solar Energy Remains Most Economically Viable – REA

The Managing Director of the Rural Electrification Agency (REA), Abba Aliyu, has described solar energy as the most economically viable model of power.

Japan, AfDB Partner on $5.5bn Finance for Africa

The Japan International Cooperation Agency (JICA) and the African Development Bank (AfDB) have signed a Memorandum of Understanding.