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...

Eight Banks Earn N26.73bn From International Trade Transactions         Eight Nigerian banks have earned a total of N26.73bn from commissions charged on Letters of Credit issued for international trade transactions from January to September. Analysis of the third-quarter financial reports of the eight banks indicated that this...

Fed Govt Suspends Issuance Of Licenses For Free Trade Zones         The Federal Government has suspended the issuance of licenses for the operation of Free Trade Zones across the country. Minister of Industry, Trade and Investment, Adeniyi Adebayo, announced the suspension on Monday at the inauguration of...

Nigeria Records $414.79m Foreign Direct Investment In Q3 – NBS         Nigeria recorded $414.79m Foreign Direct Investment in the third quarter of 2020 out of a total of $1.46bn capital inflow into the country during the period under review. The National Bureau of Statistics disclosed this in...

CISLAC Seeks NHRC Collaboration On Civilian Protection Policy         Civil Society Legislative Advocacy Centre (CISLAC) led by its Executive Director, Auwal Musa Rafsanjani, on Monday, paid an advocacy visit to the National Human Rights Commission (NHRC) to discuss a collaboration on civilian protection. The advocacy visit aimed...

NASS Kicks As NCC Raises Wage Bill By N12bn         The National Assembly (NASS) has queried the Nigerian Communications Commission over a sharp increase in its proposed wage bill between for 2021. The parliament also criticised the hike in the financial provision for consultancy services. While the...