In Three Months, Nigeria Imported N2.78trn Manufactured Goods – NBS       Nigeria imported manufactured goods worth N2.78tn while the total export component was N254.2bn between April and June. According to figures obtained from the National Bureau of Statistics on foreign trade statistics for the second quarter, this...

Wike Seeks CBN’s Support To Boost $12m Cassava Initiative         Rivers State governor, Nyesom Wike, has charged the Central Bank of Nigeria and the Federal Ministry of Agriculture to support the state $12m Cassava Processing Initiative aimed at job creation and food security. Wike who gave the...

EndSARS: Rivers Residents Debunk Alleged Feud between Hausa-Igbo, Harps on Peace, Unity       Residents from various Northern and Southern ethnic stocks in Port Harcourt, Rivers State, have debunked reports making rounds that the #EndSARS protest has snowballed into a crisis between Northerners in the city and...

NNPC's Oil, Non-oil Assets Grew By 18.5%       The total net value of the NNPC’s oil and non-oil assets appreciated by 18.5 per cent to N4.67 trillion in 2019, from N3.94 trillion recorded in its 2018 financial year. In the financial statement, the NNPC put the cost...

Airlines Resume, Seek Release Of N27bn Bailout         Local airlines, yesterday, resumed skeletal services following last week’s disruption by the EndSARS protests and the attendant curfew imposed by the Lagos State government. The demonstrations, which had forced some foreign operators to suspend flights, resulted in grounding of...

Nigeria’s Oil Deposit Down By 2.16% To 36 Barrels - NNPC       The Nigerian National Petroleum Corporation (NNPC) has disclosed that the volume of oil deposits Nigeria holds declined by 2.16 per cent between 2018 and 2019 and is now 36.89 barrels (bbls). While the country’s oil...