Nigerian Economy To Grow By 3.24% In 2022: CBN The Central Bank of Nigeria, CBN, has projected that the Nigerian economy will grow by 3.24 per cent in 2022, despite the rising inflationary challenges occasioned by global socio-economic events. The CBN Governor, Godwin Emefiele, made this...

Queue For Fuel Persists Despite 1.824bn Litres Supply   The queues by motorists for Premium Motor Spirit, popularly called petrol, particularly in Abuja and northern states have refused to clear despite the supply of about 1.824 billion litres of PMS by the Nigerian National Petroleum Company...

Audit Queries: Reps Write Kyari, Summon 17 NNPC Subsidiaries   The House of Representatives’ Committee on Public Accounts has written to the Group Managing Director of the defunct Nigerian National Petroleum Corporation, now Nigerian National Petroleum Company Limited, Mr Mele Kyari, over audit queries issued against...

Of Nigeria, NNPC and the Oil Windfall, By Kabir Fagge Ali Presently, it is obvious that the time is ripe for the oil producing countries to smile due to the unprecedented increase in oil price which eventually signaled an opportunity for a windfall. However,...

NERC Slams GenCos' N1.6tr Capacity Bill, Confirms New Tariff The chairman of the Nigerian Electricity Regulatory Commission (NERC), Sanusi Garba, has faulted the generation companies' claim of a N1.6 trillion capacity debt owed by the federal government, saying most of the companies lack a formal...

Nigeria Oil Production Fails to meet OPEC Quota Nigeria oil production has failed to meet the 1.8 million barrels per day oil quota set by Organisation of Petroleum Exporting Countries (OPEC) in the month of February 2022. OPEC released its Monthly Oil Market Report on...