Shrinking Economy: Nigeria’s Situation Better Than Others, Says Presidency     The Presidency on Wednesday reacted to the National Bureau of Statistics’ second quarter 2020 Gross Domestic Product estimates which was published on Monday, giving itself thumbs up. The NBS had disclosed that the nation’s GDP declined by...

Nigeria’s GDP Declines By 6% In Q2 — NBS     The country’s Gross Domestic Product (GDP) decreased (year-on-year, YoY) to- 6.10 per cent in real terms in the second quarter of the year (Q2’20) as non-oil GDP records first fall by 6.05 per cent since Q3’17. In...

Nigeria Accounts For 70% Products Under ECOWAS Trade – FG       The Federal Government has said that Nigeria accounted for between 60 and 70 per cent of products under the Economic Community of West African States Trade Liberalization Scheme, noting that the nation has over 2,400...

FG Reciprocates, Bans EU Flights From Nigeria       Nigeria will enforce the principle of reciprocity in granting permission to airlines to resume operations into the country as it opens its airspace, the Federal Government said on Thursday. According to the government, what this means is that only...

Buhari’ll End Fuel Importation In Nigeria, says Sylva     President Muhammadu Buhari is committed to putting an end to the importation of refined petroleum products into Nigeria, the Minister of State for Petroleum Resources, Chief Timipre Sylva, has said. Sylva said the government was working to reverse...

Oil Cuts: Nigeria, Others Under Pressure, OPEC+ Meets     Nigeria and other countries that have been exceeding their oil production quotas came under fresh pressure on Wednesday as the Organisation of Petroleum Exporting Countries and its allies met to review compliance with the output cuts meant...