Nigeria Loses $29bn Yearly To Power Sector Failure – Lawan   The President of the Senate, Ahmad Lawan, said on Monday that Nigeria was losing an average of $29bn to power sector failure. Lawan stated this in Abuja while declaring open an investigative public hearing on the...

COVID-19: The Unending Lockdowns in Nigeria By Ya’u Mukhtar   Ever since the outbreak of the novel coronavirus infection which emanated from Wuhan, a city in Hubei province of China and subsequently leads to the current pandemic, the disease has been travelling and fast spreading across various nations...

Oil: Nigeria Has Highest Personnel Cost In Global Petroleum Industry   Stakeholders have raised concerns over the country’s production costs, noting that Nigeria has the highest personnel cost among global operators, thus making it difficult to produce oil at a profitable price of below $10/barrel. According to...

COVID-19, Threat To 13 million Jobs In Nigeria – UN     The COVID-19 pandemic may lead to the loss of 13 million jobs in Nigeria, the World Food Programme of the United Nations declared on Wednesday. According to the agency, Nigeria needs urgent financial intervention to boost...

Nigeria’s External Reserves Up By 7% In 21 Days     The continuous increase in Nigeria’s external reserves appears to have been sustained as it recorded a third consecutive week of growth at the end of last week. Available data from the Central Bank of Nigeria (CBN)...

We’ll Ease Nigeria, Others’ Debt Burden - Chinese Minister   Chinese Foreign Minister, Wang Yi, has said China will work with other G20 members to implement the debt service suspension initiative to ease the debt burden of Nigeria and other African countries. In a statement by China’s...