Oil Revenue Plunges As Nigeria Misses OPEC Output Target Nigeria missed its crude oil output target for January 2022, pumping 1.46 million barrels per day against a target of 1.683 million bpd as approved by the Organisation of Petroleum Exporting Countries. Officials of the Federal Ministry...

IMF Raises Nigeria’s 2023 Economic Growth Forecast To 2.7%   The International Monetary Fund, IMF, has raised its forecast for Nigeria’s Gross Domestic Product, GDP, growth in 2023 to 2.7 per cent. The new forecast was contained in the IMF’s January World Economic Outlook, WEO, report released...

Corruption In The Media: Who Will Investigate The Investigators?, by Aondover Eric Msughter   As enshrined in the 1999 Constitution, specifically section 39 subsection 2, the media have been empowered with freedom of expression. Section 22 of the same Constitution also guarantees the media with the...

IMF To Launch $50bn Lifeline For Nigeria, Others   The International Monetary Fund has said it is set to launch a $50bn trust fund for low-income and vulnerable middle-income countries to help them build resilience to balance of payments shocks and set them on the path...

Nigeria Loses N585bn Annual Leather Revenue To Other Countries   Nigeria loses at least N585 billion of yearly leather product revenue to other countries, an estimated 90 per cent of the N650bn revenue stream, the Minister of State for Science, Technology and Innovation, Barrister Mohammed Abdullahi,...

Nigeria’s Daily Oil Production Falls Below 1.2m Barrels   Crude oil production in Nigeria fell below 1.2 million barrels per day in December 2021 from 1.28 million bpd in the previous month, according to the Organization of the Petroleum Exporting Countries. The country produced 1.197 million bpd...