Nigeria Reaching Maximum Borrowing Capacity, Says El-Rufai       Nigeria is almost reaching its maximum capacity to borrow and must be proactive in ramping up tax revenue collection, the Kaduna State Governor, Nasir El-Rufai, said on Thursday. El-Rufai lamented the low rate of tax collection in the country...

Nigeria, OPEC Peers To Lose $272bn Oil Revenue         Nigeria and other members of the Organisation of the Petroleum Exporting Countries will see their combined net oil export revenue fall this year to its lowest level since 2002, according to the United States Energy Information Administration. The...

Nigeria, Bangladesh Trade Rise To $144.75m       The Minister of industry, Trade and Investment, Otunba Adeniyi Adebayo has expressed delight that the two way trade between the People’s Republic of Bangladesh and Nigeria, is growing on a daily basis more so that it increased from $11.27...

Nigeria Will Borrow N6trn In 2021 – Ahmed       The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said Nigeria’s total public debt will hit N38tn by December 2021. Ahmed said this on Tuesday in her presentation to the Senate Committee on Local and Foreign...

Electricity: In 10 Months, Nigeria Loses N243bn       Nigeria recorded losses in power generation volume valued N243 billion between January and October this year. This is contained in the October 2020 electricity generation statistics released by the Association of Power Generation Companies (APGC), the umbrella body...

Nigeria’s Earnings Threatened As Oil Sheds $2.33/barrel       Brent, the oil against which Nigeria’s crude is benchmarked, dropped in price on Wednesday, shedding $2.33/barrel. The bulk of Nigeria’s foreign exchange earnings comes from the sale of crude oil and a crash in global oil prices often leads...