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...

Poor Oil Investments’ll Have Adverse Impact On Nigeria, OPEC Warns       Investing poorly in the oil and gas industry will have a heavy adverse impact on Nigeria and other oil-producing developing nations, the Organisation of Petroleum Exporting Countries warned on Wednesday. OPEC observed that investment in the...

IMF Retains 2.5% Economic Growth Estimate For Nigeria       The International Monetary Fund (IMF) has retained Nigeria’s 2.5 percent economic growth forecast for 2021. The institution said this in its World Economic Outlook (WEO) for July titled “Fault Lines Widen in the Global Recovery” released on Tuesday...