Nigeria’s Duty-free Export To US Plunges To $300.48m         Nigeria’s export to the United States under a duty-free policy declined in the first eight months of 2020, recording $300.48m from January to August. According to the latest African Growth and Opportunity Act policy trade statistics, exports to...

Nigeria’s Oil Deposit Down By 2.16% To 36 Barrels - NNPC       The Nigerian National Petroleum Corporation (NNPC) has disclosed that the volume of oil deposits Nigeria holds declined by 2.16 per cent between 2018 and 2019 and is now 36.89 barrels (bbls). While the country’s oil...

339 Foreign, Local Firms Bid To Sell Nigeria’s Crude Oil Grades         At least 339 crude oil trading companies applied for the sale and purchase of Nigerian crude oil grades contracts spanning 2020 to 2022 by the close of the bidding process at noon yesterday. Last month,...

Nigeria’s Sept Oil Production Dropped By 1.74m Barrels – OPEC         Crude oil production in Nigeria dropped by 1.74 million barrels in September, figures from the just released oil market report of the Organisation of Petroleum Exporting Countries showed. In the OPEC report, dated October 13, the...

Nigeria’s Inflation Rate Hits 13.7%, Highest In 30 Months         Nigeria’s inflation rose to 13.7 per cent in September, hitting its highest level since its 13.34 per cent rate of March 2018. The National Bureau of Statistics disclosed this in its Consumer Price Index report for September...

Nigeria Now Africa’s Largest Rice Producer – Fed Govt       Nigeria is now the largest producer of rice in Africa, the Federal Government said on Tuesday. Minister of Agriculture and Rural Development, Sabo Nanono, said this in Abuja at an event to mark the 2020 World Food...