'Nigeria, Others Require $15.7bn To Curb Refineries’ Emissions'     African nations need to spend about $15.7bn on their refineries to curb emissions and meet climate-change targets as demand for oil and gas surges, an industry lobby group, African Refiners and Distributors Association, has said. The Executive Secretary...

Nigeria Gets $3.35bn In IMF’s $650bn SDR Allocation       The Board of Governors of the International Monetary Fund (IMF) has approved a general allocation of Special Drawing Rights (SDRs) equivalent to $650 billion (about SDR 456 billion) to boost global liquidity. The Washington-based institution which disclosed this...

UAE Lifts Ban On Nigerian Transit Passengers, Others        Transit flights banned into the United Arab Emirates from Nigeria, India, Pakistan, Sri Lanka, Nepal and Uganda would be lifted effective Thursday, the National Emergency and Crisis Management Authority has said. The NECMA is a UAE emergency management...

In Four Years, Nigeria Loses 2.5trn Oil Barrels       Nigeria has lost 4.5 trillion barrels of oil to theft in the last four years, according to data from the Nigeria Natural Resource Charter (NNRC). Another data from the National Oil Spill Detection and Response Agency (NOSDRA) showed...

'Nigeria’s PMI Hits 18-month High In July'     Nigeria’s Purchasing Managers Index rose to 55.4 in July from 53.6 in June, according to a report by Stanbic IBTC Bank. The company said this signalled a marked improvement in business conditions, describing it as one of the strongest...

Nigeria’s Capital Importation Declines To $875.62m In Q2, 2021     The total value of capital importation into Nigeria declined to $875.62m in the second quarter of 2021 from $1.91bn in the first quarter of 2021. The National Bureau of Statistics disclosed this in its report titled, ‘Nigerian...