$450bn Refinery Investments Coming To Nigeria, Others – OPEC     The Organisation of Petroleum Exporting Countries on Tuesday said about $450bn worth of new refinery projects and expansion of existing units would be invested in Nigeria and other developing nations. It said the investments were part of...

Overcoming The Challenges To Nigerian Research And Development, By Rahma Oladosu   Research and development are critical to the development of any nation as the former facilitates the latter. The Tertiary Education Trust Fund (TETFund) has the mandate to provide support for research and development in institutions...

Nigerian, Malaysian Trade Now $845.6m   The Malaysian High Commissioner to Nigeria, Gloria Tiwet has said that the value of bilateral trade between both countries increased to $845.6 million in 2020 despite the COVID-19 pandemic, which disrupted global trade. Tiwet stated this at a meeting with the...

Nigeria’s October Oil Output Fell To 1.37m bpd     Nigeria’s crude oil production dropped to 1.37 million barrels per day last month from 1.39 million bpd, a survey by Platts showed on Monday. The country’s oil production in October was 261,000 bpd below the quota given to...

Nigeria Recieves $400,000 Grant From Afreximbank For Pharmaceutical Production   The African Export-Import Bank has awarded $400,000 in grant funding to the National Institute for Pharmaceutical Research and Development of Nigeria to boost pharmaceutical production in the country. According to Afreximbank, the grant is for the establishment...

Nigeria’s Non-Oil Export Hits N463bn In Q2, 2021     The nation’s non-oil export in the second quarter of 2021 has risen to N462.85 billion according to data from the National Bureau of Statistic (NBS). The data also indicates that Nigeria recorded a N1.87 trillion deficit in trade...