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         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...

Nigeria’s Oil Faces Threat As Electric Vehicle Sales Rise         The rising number of countries gradually shifting from fossil fuels and encouraging the adoption of electric vehicles may pose a major threat to Nigeria’s crude oil exports. Sales of electric cars topped 2.1 million globally in 2019,...

Nigeria’s Forex Reserves Drops By $132.06m       Nigeria’s foreign exchange (forex) reserves dropped by $132.06 million at the weekend as the apex bank continued to use the forex reserves as a buffer against currency depreciation despite slowdown in forex inflows. A report by investment banking group, Cordros...

Nigeria To Host World Summit For Single Market In Africa In 2021         Nigeria will host the World Summit for Single Market in Africa on March 23, 2021, an official has said. Mr Angelo Elosia, the Chairman/Chief Coordinator, Invest in Africa World Summit and Expo said this...

Nigeria’s Daily Oil production Drops To 1.32m Barrels         Crude oil production in Nigeria extended its decline to 1.32 million barrels per day in November on the back of the cut deal by the Organisation of the Petroleum Exporting Countries and its allies. The latest data obtained...