Nigeria’s Rig Count Drops by 13% Nigeria’s rig count, a major index of measuring activities in the upstream sector, dropped month-on-month, MoM by 13.3 percent to 13 in October 2023, from 15 recorded in the preceding month of September 2023. This showed that there was limited...

China-Nigeria Trade Volume Hits $17bn   The bilateral trade volume between China and Nigeria in the first three quarters of 2023 stood at $17.25bn, the Consul General of China in Lagos, Yan Yuqing has said. Yuqing disclosed this at the China Commodities Expo-Nigeria Lagos, recently. The Consul noted...

In Six Months, Nigeria’s Foreign Trade Hits N12.74trn   Nigeria’s import and export trade as of June 2023 stood at N12.74 trillion. This was contained in the 2024-2026 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) prepared by the Budget Office of the Federation and...

Reconnecting to The Global Radar, by Eric Teniola For a nation to achieve concrete foreign policy objectives, two key actors are required, an active President and an active foreign Minister. Of course a buoyant economy will also be required. We had all these in the...

'Nigeria Loses $100bn Annually to Climate Change'   Climate change costs Nigeria about $100bn annually, an Agora report has stated. “The report titled “Climate Change and Socio-Economic Development in Nigeria, “ noted that climate change was increasing hunger, poverty, disease burden, migration, conflict, and insecurity in Nigeria,...

JUST IN: Victory For Nigeria as UK Court Quashes $11bn P&ID Case   After over five years of legal fireworks, Nigeria has finally succeeded in halting the enforcement of the $11 billion arbitration award in favour of P&ID. In a judgment delivered by email, Robin Knowles, justice...