Nigeria, Morocco In Talks to Expedite ₦425bn Gas Pipeline Project
The Nigerian government has intensified discussions with the Kingdom of Morocco to fast-track the Final Investment Decision, FID, on the Nigeria-Morocco Gas Pipeline.
A statement signed by the Corporate Communications Officer, Nigerian National Petroleum Company Limited,...
World Bank Reveals Nigeria’s Poverty Rate Reduced By 7%
The World Bank has estimated that improved access to internet coverage over three years led to a seven per cent reduction in extreme poverty in Nigeria and Tanzania.
This was disclosed in a new brief titled, “Digital...
'Nigeria Not Generating Enough Revenue to Support Devt'
Nigeria is not earning enough revenue to support its developmental needs, the International Monetary Fund (IMF) has disclosed.
According to the IMF, the country’s nine per cent revenue to Gross Domestic Product ratio is very low and not...
A Country of Diametric Extremes
The country is so broke that it cannot pay the salaries of November in December. However, majority of our leaders have activated squander mania mode.
The country that cannot pay its workers decent wages but is paying 200+ million naira to...
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...
