Unemployment Rate In Nigeria Hits 23 million   The National President, Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Saratu Aliyu on Thursday disclosed that 23 million Nigerians are presently unemployed. According to the National Bureau of Statistic (NBS) data on unemployment of 2010-2019,...

Nigeria Faces Competition Amid Surplus Global LNG Supply     Exporters of Liquefied Natural Gas, including Nigeria, have been told to brace for an oversupplied market and weaker-than-expected global demand depressing prices for their output for another two years. Nigeria, which is among the top 10 largest exporters...

IMF, World Bank Differ On Nigeria’s Growth Forecast   Contrary to the 2.1 per cent growth projected by the World Bank in the Nigerian economy, the International Monetary Fund (IMF) on Monday projected 2.5 per cent growth for it. The IMF projection, as contained in its January...

OPEC: Nigeria Records Largest Oil Output Drop In December   Nigeria, Africa’s top oil producer, recorded the largest production drop of 80,000 barrels per day in the Organisation of Petroleum Exporting Countries last month. The country exported less crude oil in December, according to ship-tracking data and...

World Bank Puts Nigeria’s Growth At 2.1% In 2020   The World Bank Group, yesterday, raised Nigeria’s growth expectations in 2020 to 2.1 per cent, describing it as an “edge up”, a development that confirms the country’s continued stay in sluggish economic path for another calendar...

FG Earmarks N61bn For Nigeria-Siemens Power Pact   The Federal Government has set aside the sum of N61bn for the Nigeria Electrification Road map to be developed in partnership with Germany-based Siemens AG. The amount provisioned for the Presidential Power Initiative is one of the key expenditures...