Nigeria, India Trade Volume Hits $14bn In Q1, 2021     India’s volume of bilateral trade with Nigeria has reached $14 billion in the first quarter of this year, representing about a 17 per cent increase from the same period in 2020. Indian High Commissioner to Nigeria, Mr...

Nigeria’s IDA Debt Now $11.7bn - DMO       Nigeria’s International Development Association (IDA)’s Debt Stock stands at USD11.7 billion, the Debt Management Office (DMO), has said. “IDA loans represent one of the most favourable borrowing options for countries like Nigeria and is also consistent with the Medium...

In Six Months, Nigeria’s VAT Hits N1trn - NBS       Nigeria generated a N1tn in the first half of the year, consisting of N512.25bn in the second quarter and N495.39bn generated in the first quarter. The figures were contained in the ‘Sectoral distribution of Value Added Tax’...

W/Bank Lists Nigeria, Nine Others High-debt Risk Nations       The World Bank has stated that Nigeria is among a list of top 10 countries with high debt risk exposure. It stated this in the financial statement for International Development Association, which was among the World Bank FY21...

Nigeria Can Earn $20bn From Oil Palm Production, Says Obaseki       The Edo State Governor, Godwin Obaseki, has reiterated the need for Nigeria to diversify its economy from crude oil, noting that the nation can earn $20bn yearly from the cultivation and production of oil palm. Obaseki,...

Nigeria’s Production Faces Setbacks As Oil Price Tumbles To $68       The international oil benchmark, Brent crude, extended its losses on Monday, falling below the $70 per barrel mark to its lowest level since May. The further decline in the price of Brent followed the imposition of...