Nigeria’s Oil Exploration Declines By Over 70%       There are indications that oil exploration dropped in Nigeria by 70 per cent in February 2021, according to the Organisation of Petroleum Exporting Countries, OPEC. In its March 2021 report the organization put the nation’s rig count, a major...

Global Tourism Down 70% In Eight Months         The latest data from the World Tourism Organisation shows 70 per cent fall in international arrivals in the first eight months of the year. International arrivals for July plunged 81 per cent and 79 per cent in August according...

$70 Oil Price Required To Sustain Budget – Fed Govt       The Minister of State for Petroleum Resources, Timipre Sylva, has said the country needs an oil price of $70 per barrel and a production of two million barrels per day to sustain its budget. Sylva said...

Oil Rises Above $70 Amid US-Iran Rift   Oil prices surpassed $70 per barrel on Monday for the first time in more than three months as the United States warned of increased threats to energy facilities in the Middle East after the assassination of an Iranian...

Airlines Lost 70% Cargos To Sea Operators   There has been a drop in cargo operations in the country, the President, Association of Foreign Airlines Representatives of Nigeria, Mr Kingsley Nwokoma, has said. He said most importers had decided to ferry their cargoes through the sea which...

FG Targets 75% Non-oil Sector Revenue In 3 Years   The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, has projected that in the next three years, Nigeria’s non-oil revenue will be at about 75 per cent. He also anticipated that within same period, the...