Fed Govt Expects $26bn Diaspora Remittance To Rise         The Federal Government on Tuesday in Abuja called on Nigerians in the Diaspora to be part of its programmes and policies by investing at home for national development. The government which put the remittances from Nigerians in the...

Poultry Sector Gets Boost with N12.5bn CBN Largess The Central Bank of Nigeria (CBN) has released the sum of N12.552 billion to large, medium and small-scale poultry farmers in the country as part of its strategy to boost egg and meat production as well as...

Fuel Imports Gulped N700.46bn In Three Months – NBS         The amount spent on the importation of petroleum products into Nigeria rose to N700.46bn in the third quarter of this year, moving closer to the pre-COVID-19 level, the latest data from the National Bureau of Statistics...

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...

NCDMB, PETAN Seal $30m Working Capital Scheme Pact         The Nigerian Content Development and Monitoring Board (NCDMB) and the Petroleum Technology Association of Nigeria (PETAN) on Monday signed an agreement on US$30m Working Capital Scheme that will support the operations of oil companies against the adverse...

World Bank Approves $1.5bn for Nigeria to Reduce Poverty, COVID-19 Response The World Bank Group through its New Country Partnership Framework with Nigeria has approved $1.5 billion for social protection and strengthening state-level COVID-19 response Nigeria is at a critical position now with the sharp fall...