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...

Nigeria Records $90m FDI In A Month         Nigeria recorded Foreign Direct Investment totalling $90m in October according to figures obtained from the Central Bank of Nigeria on Wednesday. The CBN disclosed in its monthly economic report that in the review period, capital inflow declined by 71.4...

Oil: Nigeria Overtakes US As India’s 4th Biggest Supplier       Nigeria emerged as the fourth biggest supplier of crude oil to India in December, pushing the United States down to the sixth position just after Brazil. Reuters reported on Wednesday that India’s crude oil imports in December...

Nigeria’s Debts May Rise Above N60trn By Q1, 2021       Nigeria's debts may rise above N60 trillion by the end of first quarter following a move by the Federal Government to convert its N11.91 trillion indebtedness to the Central Bank of Nigeria (CBN) to formal securitised...

Nigeria’s Oil Rig Count Down 29% To 135 In 2020       There are indications that limited investment has taken a toll on exploration, as Nigeria’s rig count dropped year-on-year by 27.8 per cent to 135 in the year 2020, from 187 in 2019. The oil rig count,...