Nigeria’s Oil Output Drops By 14% To An Average Of 1.5mb/d       Nigeria might be under pressure to fund its N13.8 trillion 2021 budget following a significant drop of its oil output by 14.08 percent in the first 10 months of 2020, according to data obtained...

GITEX 2020: NITDA Creates Big Data Platform To Scale Up Investments In Digital Economy         As the global economy is rapidly transforming through creative innovations, Nigeria has created Big data platform to improve data gathering for service delivery. The Director General of National Information Technology Development Agency...

GITEX 2020: Pantami Leads Nigeria’s Delegation, Speaks on Africa at Global Tech Conference Nigeria's Minister of Communications and Digital Economy Dr. Isa Ali Pantami leads major players in the Nigerian tech industry and digital economy to the Gulf Information Technology Exhibition (GITEX 2020) taking place...

CBN Battles Recession, Raises COVID-19 Facility To N300bn       Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, yesterday said the bank would raise its COVID-19-targeted facility from N150 billion to N300 billion in order to accommodate more Nigerians in a bid to cushion the impact...

Fed Govt Seeks New $1.2bn Loan From Brazil       The Federal Government is seeking a $1.2bn external borrowing from Brazil to finance agricultural programmes in the 2021 budget. A request for approval has also been transmitted to the National Assembly. The Minister of Finance, Budget and National...

In Three Months, Nigeria Imported N2.78trn Manufactured Goods – NBS       Nigeria imported manufactured goods worth N2.78tn while the total export component was N254.2bn between April and June. According to figures obtained from the National Bureau of Statistics on foreign trade statistics for the second quarter, this...