IMF: Import Dependence Worsening Food Crisis in Nigeria The International Monetary Fund has said that the food crisis currently ravaging Nigeria and other Sub-Saharan Countries has been exacerbated by over-reliance on imported foods. In a new report titled, “Africa Food Prices Are Soaring Amid High Import...

U.S. Announces Project to Improve Cocoa Value Chain in Nigeria The United States Department of Agriculture’s Food for Progress programme has entered into a cooperative agreement with the Lutheran World Relief to strengthen the cocoa value chain in Nigeria. The U.S. consulate said in a statement...

Nigeria’s Crude Oil Production Crashes To 900,000 Per Day   Nigeria’s crude oil revenue has continued to slump as the Organization of the Petroleum Exporting Countries (OPEC) newly released Monthly Oil Market Report for September revealed that the country’s crude oil output fell to 900, 000...

Nigeria, Morocco Commence 5,600km Gas Pipeline Project The Nigerian National Petroleum Company Limited and the Office National des Hydrocarbures et des Mines of Morocco, on Thursday, signed the Memorandum of Understanding for the commencement of construction of the 5,600km Nigeria-Morocco gas pipeline. NNPC said the much-awaited...

Libya, Angola Overtake Nigeria In Crude Production – OPEC   Nigeria’s oil production plunged to 972,000 barrels per day in August 2022, as Angola and Libya overtook Nigeria by producing higher volumes of crude during the review month, the Organisation of Petroleum Exporting Countries (OPEC) has...

Organisation Seeks Partnership to Accelerate SDGs Action-plan, Policies in Nigeria The Global Compact Network Nigeria, has called for private sector partnership to accelerate the action-plan and policies for the Sustainable Development Goal (SDG) in the country. This is contained in a statement by Mrs Soromidayo George,...