Nigeria’s Active Oil Rigs Drop By 24%   The number of active oil rigs in the country fell by 23.8 per cent to 16 in April amid the coronavirus-induced collapse in prices and demand for crude. Data obtained from Baker Hughes Incorporated and the Organisation of Petroleum...

Oil Crash: Is Nigeria's Economy in 'Soup'? By Rahma Oladosu   Can we agree less with Wall Street Journal (WSJ)? The American-owned and world-famous media organisation, in a recent report said, as economic pain ripples to the developing world, Nigeria’s dependence on oil puts its economy under...

We Screwed Up Public Education, Now It The Time To Fix It By Akin Olaniyan   Nigeria has always been an interesting case. It’s the richly endowed country that is also home to some of the world’s poorest. It is where sprawling mansions exist in close proximity...

Nigeria Generated N338.94bn VAT In Q1 – NBS     Nigeria generated N338.94bn Value Added Tax in the first quarter 2020, the National Bureau of Statistics disclosed on its report on Sectoral distribution of Value Added Tax Q1. It stated, “Sectoral distribution of Value Added Tax data for...

Nigeria, Others To Lose $200bn In 2020 - IMF     Nigeria and other countries in sub-Saharan Africa will lose about $200bn in incomes by the end of 2020, according to the International Monetary Fund. The development is as a result of the COVID-19 pandemic, which is pulling...

Analysts Predict Bright Outlook For Nigeria’s Oil Earnings     Despite Federal Government’s substantial cut of the oil price benchmark to $20 per barrel a few days ago, Nigeria’s revenue shortfall in the 2020 budget may not be as huge as N4.7 trillion as projected based on...