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Nigeria’s Bonny Light Price Stabilises At $50 Per Barrel

Nigeria’s Bonny Light Price Stabilises At $50 Per Barrel         Barely a few days to the end of the year, the price of Nigeria’s Bonny Light has stabilised at $50 per barrel in the international market, about 25 percent above the 2021 budget benchmark of $40. This...

Wanted: A Salvation for Nigeria’s Education System

Wanted: A Salvation for Nigeria's Education System By Sadiq K. Dangogo     With the end of nine-month ASUU strike and the recent kidnapped and released of Kankara students in Katsina, one can only imagine the state of education in Nigeria. It is clear that education has not...

Nigeria, South Africa Bilateral Trade Hits $8.2bn Annually

Nigeria, South Africa Bilateral Trade Hits $8.2bn Annually       The Consul General of Nigeria to South Africa, Abdulmalik Ahmed, has said that the bilateral trade between Nigeria and South Africa is worth $8.6 billion. Ahmed said the mutual benefit of the trade relation was bound to yield...

Debt Servicing Hindering Nigeria’s Economic Growth Efforts – NECA

Debt Servicing Hindering Nigeria’s Economic Growth Efforts – NECA       The Nigeria Employers’ Consultative Association has warned that the growth in Nigeria’s external debt was jeopardising the economic growth efforts of the Federal Government. The association raised this concern in a statement on Tuesday titled ‘Salvaging the...

Nigeria’s Forex Inflow Hits $21bn In Q3

Nigeria’s Forex Inflow Hits $21bn In Q3       The total amount of foreign exchange inflow into the economy in the third quarter of 2020 stood at $21.46 billion, according to data from the Central Bank of Nigeria (CBN). The CBN, in its third quarter economic report said...

Supply Of Nigeria’s LPG Rises By 34.7% In 11 Months

Supply Of Nigeria’s LPG Rises By 34.7% In 11 Months         The supply of Liquefied Petroleum Gas, LPG, also known as cooking gas, has increased to 793,000 metric tonnes, MT in the first 11 months of 2020. Information available to Energy Vanguard showed that domestic supply stood...