'Nigeria Needs $3trn For Infrastructure In 30 Years'       Agusto & Co., a rating agency and research firm, has said Nigeria has a huge infrastructural deficit and requires up to $3tn over the next 30 years to bridge this gap. It said in a report on Monday...

Nigeria’s Diaspora Remittances To Hit $22bn         Nigeria’s diaspora remittances have been projected to rise by five per cent to $22bn by the end of 2021. Agusto Consulting Limited, a wholly owned subsidiary of a rating agency, Agusto & Co. Limited, disclosed this in its report titled...

Nigeria Rebalances OPEC Quota Compliance, Cuts Output By 7%       Nigeria has been forced to rebalance its oil output, effecting about 7.0 percent cut back on its oil output to re-align with the quota imposed by the Organisation of Petroleum Exporting Countries, OPEC. The nation’s output in...

Nigeria’s Revenue Threatened As India Slashes Crude Imports By $39.5bn         Nigeria’s revenue earning capacity has come under threat following the reduction of importation of crude oil by India. India, Nigeria’s largest crude oil importer, reduced crude oil imports by $39.5bn in April, compared to the same...

'Nigeria, Korea Trade Drop To $1.2bn In 2020'       The value of the trade between Nigeria and South Korea has declined from $2.6bn in 2017 to $1.2bn in 2020 as a result of the fall in global oil prices. Disclosing this at an interactive session with journalists...

Nigeria’s Capacity To Service Debt Very Weak - LCCI       The Director-General of the Lagos Chamber of Commerce and Industry, Dr Muda Yusuf, says Nigeria’s debt profile is unsustainable. Yusuf said this in an interview with Channels TV. The video of the interview was posted on the television...