Nigeria Needs $3trn To Bridge Infrastructure Gap – Report       Global credit rating agency, Moody’s Investors Service, has stated that the infrastructure in Nigeria is behind other emerging market peers, with about $3tn needed over 30 years to close the gap. This was disclosed in the agency’s...

UK Petrol Car Ban Threatens Nigeria’s Oil Sales       Except the country finds new buyers, the plan to ban petrol and diesel vehicle sales by the United Kingdom government will threaten Nigeria market share of crude oil. UK imports Nigeria’s crude oil, which is a major revenue...

Nigeria’s Oil Rigs Decline By 30% As Exploration Drops       The number of active oil rigs in Nigeria declined by 30 per cent in October, with stakeholders lamenting the reduction in exploration activities in the nation’s oil and gas industry. Data obtained by our correspondent from the...

Nigeria, 69 Other Countries Get $99bn IMF Cash       The International Monetary Fund (IMF) on Monday released its updated economic funding support totalling $99 billion to 70 emerging and developing economies to tackle COVID-19 pandemic. In an emailed report, the IMF said it advanced $29 billion under...

Nigeria’s Strength Lies In Export Of Services - NEPC Boss       The Managing Director and Chief Executive Officer, Nigeria Export Promotion Council, Segun Awolowo, says Nigeria has an advantage over other African countries in the export of services. Awolowo said this at the Africa-China Trade Import and...

Internet Economy In Nigeria To Reach $180bn In 2025         The Internet economy has the potential to contribute $180bn to the economy of Nigeria and other African countries by 2025, according to a new study by Google and International Finance Corporation. The findings of the study made...