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...
The failure of Political, Security and Economic Sorcery, by Salisu Na'inna Dambatta
Nigeria is currently facing a triplet of experts, specialists and pundits in political, security and economic sorcery. They always predict doom for Nigeria. They are simultaneously trading their wares in a country they...
A Country That Is Bleeding, by Eric Teniola
On April 22 this year, the Minister of Defense, Major General Bashir Salihi Magashi (71) (rtd) was on the spot. He told State House correspondents that “Nigeria is bleeding”. During the media chat, he informed us all...
