NNPC: Nigeria Now World’s Largest Fuel Importer   Nigeria is the only member country in the Organisation of Petroleum Exporting Countries (OPEC) that imports petrol and is currently the largest importer of Premium Motor Spirit (PMS) in the world, Group Managing Director of the Nigerian National...

Nigeria Leads Africa in Implementing Sustainable-Finance Reforms- Report Nigeria has introduced banking reforms to expand sustainable lending, becoming one of 34 emerging markets that are a major force in driving development and fighting climate change, according to the first comprehensive Global Progress Report of the...

Nigeria, SSA countries’ Debts Rise By 550% To $200bn – Report The total borrowing from the international debt markets by Nigeria and other countries in the sub-Saharan African countries has jumped to over $200bn, from $30bn in 2007, data from the Bank for International Settlements...

Nigeria gets $486m World Bank credit for power sector World Bank has approved a 486 million dollars credit facility to Nigeria for power grid improvements, the lender said on Friday. “The investments under the Nigeria Electricity Transmission Project will increase the power transfer capacity of...

China, Nigeria bilateral trade hit N4.97trillion The Consul-General of the People’s Republic of China in Lagos, Mr Chao Xiaoliang, says bilateral trade between China and Nigeria in 2017 amounted to about N4.97 trillion (13.78 billion dollars). Chao made the announcement at the celebration of the Chinese...

Nigeria, Others Share Data on Overseas Bank Accounts, Property Owned By Nigerians. The Federal Government of Nigeria and some foreign countries, including the United Kingdom Government, have commenced the Automatic Exchange of Tax Information (AETI), particularly on overseas assets held by Nigerians. The Honourable Minister of...