Nigeria’s Daily Oil production Drops To 1.32m Barrels         Crude oil production in Nigeria extended its decline to 1.32 million barrels per day in November on the back of the cut deal by the Organisation of the Petroleum Exporting Countries and its allies. The latest data obtained...

Telecoms Contribution To Nigeria’s GDP Doubled In Eight Years - NCC Data         The contribution of the telecommunications sector to Nigeria’s Gross Domestic Product (GDP) doubled in the last eight years, according to data obtained from the website of the Nigerian Communications Commission (NCC). According to the...

Customs Intercept Textiles, Rice Worth N1.42bn In Lagos         The Comptroller General of Customs’ Strike Force Team on Wednesday said it has intercepted 564 bales of textiles materials falsely declared as machinery, foreign parboiled rice, footwears and foreign bags worth N895m. Speaking while unveiling the seizure, the...

Stock Market Sustain Positive Sentiment With N140bn Gain       Nigerian stocks, on Wednesday, sustained its positive outlook for the third day as the All-Share Index and market capitalisation rose further by 0.76 per cent each. Market watchers attributed the development to renewed confidence as bargain hunters continued...

Fed Govt, Seven Firms Sign MoU To Power Rural Communities         The Federal Government on Wednesday signed an Output Based Fund grant Memorandum of Understanding with seven private companies for the deployment of solar home systems to power rural communities. It was learnt that parties in the...

NASS Extends 2020 Capital Budget Implementation To March       The Senate on Wednesday passed an executive communication from President Muhammadu Buhari, seeking the extension of the implementation of the capital components of the 2020 budget from December 31, 2020 to March 31, 2021. Buhari, through his Minister...