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In Five Months, NNPC Records 63% FAAC Remittance Shortfall

In Five Months, NNPC Records 63% FAAC Remittance Shortfall       The statutory payments made by the Nigerian National Petroleum Corporation (NNPC) to the Federation Account, a joint pool operated by the local, state and federal governments, declined by over 63 per cent in the first five...

Crude Oil Price Hits 13-month High At $63

Crude Oil Price Hits 13-month High At $63       Oil prices yesterday maintained their upswing, hitting their highest in about 13 months on the back of vaccine rollouts expected to increase demand even as producers kept supply reined in. Global benchmark, Brent Crude, was up 88 cents,...

US Import Of Nigerian Oil Drops By 63%

US Import Of Nigerian Oil Drops By 63%     The United States’ import of Nigeria crude oil plunged by 63.03 per cent in the first quarter of this year, compared to the last quarter of 2019. Latest data from the US Energy Information Administration showed that the...

Nigeria’s Fertilizer Consumption Rose By 63% In 2017

Nigeria's Fertilizer Consumption Rose By 63% In 2017 The International Fertilizer Development Centre has predicted an exponential increase in fertilizer consumption by Nigerian farmers as a result of the remarkable improvements in the local blending of the input under the Presidential Fertilizer Initiative of the...