OPEC Oil Output Drops in April - Report   The Organisation of the Petroleum Exporting Countries (OPEC) oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found. The decline was led by a cut in Venezuelan supply on renewed United...

FG Spent $894m To Service Foreign Debts From January To April 2023 - CBN   Data released by the Central Bank of Nigeria (CBN) has revealed that the federal government spent $894 million to service foreign debt obligations from January to April 2023. The export and international...

Nigeria Air To Begin operations April 2022   The proposed national carrier will begin flight in April next year, the Minister of Aviation, Hadi Sirika, has said. The development came three years after the Federal Government announced plans to establish a new national carrier, following the liquidation...

NNPC Posts N43.57bn Trading Surplus For April       The Nigerian National Petroleum Corporation on Sunday announced a trading surplus of N43.57bn in April 2021, representing a 23.64 per cent increase over the N35.24bn surplus it recorded in the preceding month of March 2021. It disclosed this in...

Food Prices Rose In April Despite Fall In Inflation       The prices paid by consumers for rice, egg, tomatoes and yam rose in April despite 0.91 month-on-month (MoM) fall in food inflation sub-index during the period. Similarly, transport fare for bus, air, motorcycle and waterway journeys increased...

Private Sector Recorded Growth In April – Report       The Purchasing Managers’ Index report conducted by Stanbic IBTC Bank for the month of April showed that the private sector recorded growth. According to the report, which was released on Thursday, April figure showed a PMI of 52.9. It...