Nigeria Spends N148bn On Refineries     Nigeria spent N148 billion in the last 13 months on three refineries but produced less than 40,000 metric tons of crude oil, a June report published by Nigerian National Petroleum Corporation (NNPC) has shown. It attributed the operational shortfall to the...

Nigeria Loses $55m Daily To Port Congestion     Widespread congestion at the Nigerian ports is costing the nation about $55 million (about N20.8 billion) per day, going by the latest report by Dynanmar. The Dutch consultancy firm said solutions to the persistent congestion at Nigerian ports are...

FG Secures $6.15bn For Nigeria’s Power Infrastructure     The Federal Government has disclosed that it has secured $6.15 billion for infrastructural development in the power sector. The Minister of Power, Engr. Sale Mamman, who disclosed this in his report – One Year Anniversary: Key achievements–obtained by Energy...

Sesame Seeds Contributes N49.1bn To Nigeria’s Exports     Sesame seeds has been ranked as the most traded agricultural products in Nigeria during the first quarter of 2020. This is according to data from the National Bureau of Statistics under the foreign trade statistics section. The produce contributed N49.1bn...

  That Virtual Commissioning of ICT Projects in Nigeria By Inyene Ibanga   Nigeria’s determination to transform into a leading continental Information and Communication Technology ICT hub is yielding the desired fruits. The aim of training and equipping a new crop of certified experts in the emerging areas...

80% Containers Arriving Nigeria Return Empty – Shippers Council       Out of every 10 containers that come into Nigeria laden with imports, only about two or three leave the country with exports, the Nigerian Shippers Council said on Thursday. In order to address this, the council agreed...