Nigeria Among Top Three Countries With Electricity Deficits – W/Bank         The World Bank has listed Nigeria among the three countries with the largest electricity deficits in the world. It said during the last decade, a greater share of the global population gained access to electricity than...

Nigeria’s Foreign Trade Rises To N9.76trn In Q1, Records N3.94trn Deficit       Nigeria’s total merchandise trade increased to N9.76 trillion in the first quarter of the year, representing 6.99 per cent rise over the N9.12 trillion in the preceding quarter, the National Bureau of Statistics (NBS)...

 Innovating Nigeria: The Rise of True Compatriots, by Kashifu Inuwa Abdullahi     Beneath the obvious national contradictions and challenges we face, there is a deep revolution brewing that is “innovation at the speed of thought”. One of the biggest perks of the Office of the Director...

External Reserves Declined By $640m In May – CBN       The country’s external reserves lost $640m in May, falling to $34.24bn on May 28 from $34.88bn as of April 28. Figures obtained from the Central Bank of Nigeria on Tuesday revealed that the reserves had been fluctuating...

'Nigeria, Others Need $15.7bn To Upgrade Refineries'       African countries will need about $15.7 billion to upgrade existing 36 refineries on the continent to produce petroleum products that will conform with a planned level of sulphur content. African Refiners and Distributors Association (ARDA) disclosed that the $15.7...

Nigeria’s Offshore Rig Counts Hit 12 In May As Demand Recovers         International Association of Drilling Contractors (IADC), Nigeria chapter, has hinted at slight market recovery going by the rig counts, stressing the need for prioritisation of training and retraining of members to meet industry’s standards. It,...