Nigeria’s Crude Oil Exports Hit Three-Year Low       West Africa’s oil exports slumped to the lowest level in at least three years last month as infrastructure woes for some of Nigeria’s biggest streams combined with gradually waning output in Angola. Combined flows from the region fell to...

Nigeria, Middle East Trade Volume Now $19.3bn         The bilateral trade volume between Nigeria and the Middle East reached $19.3 billion in 2019 while Nigeria’s export to China was about $2billion in the form of mineral oils and fuels, oil seeds, plastics, rubber, animal products, shipping...

Nigeria To Witness Positive Economic Recovery In Q2, 2021 - LCCI       The Lagos Chamber of Commerce and Industry (LCCI) has projected a return to positive growth path for the economy in the second quarter of 2021. Its President, Mrs Toki Mabogunje, addressing reporters at the first...

Improved Crude Oil Prices Increase Nigeria’s External Reserves To $36.23bn       The CBN says Nigeria’s Foreign Exchange Reserves rose from 34.94billion dollars in November 2020 to 36.23billion dollars as at Jan 21, 2021. CBN Governor, Godwin Emefiele, said at the January Monetary Policy Committee (MPC) meeting of...

Oil Demand Risks Decline In Q1, 2021       The production policies of the non-member countries of the Organisation of Petroleum Exporting Countries (OPEC+) and pandemic’s path will continue to drive global oil prices in the year and result in global oil demand declining marginally in the...

Debt Servicing, Greatest Risk To Nigeria’s Economy – AfDB         The African Development Bank has projected a growth rate of 1.5 per cent for Nigeria in 2021, and a 2.9 per cent growth in 2022. The President, AfDB, Dr Akinwumi Adesina, disclosed this while delivering a speech...