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OPEC Raises Nigeria’s Oil Output As Saudi Arabia Cuts Production

OPEC Raises Nigeria’s Oil Output As Saudi Arabia Cuts Production   Members and non-members of the Organisation of Petroleum Exporting Countries, referred to as OPEC+, on Sunday, agreed to cut crude oil production volumes in order to ensure global oil market stability, but allowed Nigeria, Congo...

Retaliation: Nigeria to impose Travel Bans on UK, Canada, Saudi Arabia- Minister Sirika

Retaliation: Nigeria to impose Travel Bans on UK, Canada, Saudi Arabia- Minister Sirika   The federal government of Nigeriahas concluded arrangement to add the United Kingdom, Argentina, Canada, and Saudi Arabia to red list countries, following their decision to impose travel restrictions on Nigeria. The Canada, the UK and...

Nigeria Recorded Over $2.48bn Export To South Africa In 2020

Nigeria Recorded Over $2.48bn Export To South Africa In 2020         Nigeria has exported commodities not less than $2.48 billion (R6billion) within the last 24 months, South Africa Consular General Hon Malik Abdul has stated. Abdul, who disclosed this in a document made available to The Nation,...

Consumer Credit Hits N1.6trn In January

Consumer Credit Hits N1.6trn In January The value of consumer credit in the Nigerian economy fell by four per cent to N1.593 trillion in January 2021. The Central Bank of Nigeria (CBN) revealed this in its monthly economic report for January. It noted that at the aforementioned...

Oil Price Gains For Fifth Consecutive Month

Oil Price Gains For Fifth Consecutive Month     The average global crude oil prices have continued to rise for the fifth consecutive month, the Organisation of the Petroleum Exporting Countries said on Tuesday. OPEC attributed the continued rise in international oil prices to the supportive oil market...

Governor Ortom launches Hajj Savings Scheme in Benue State

Governor Ortom launches Hajj Savings Scheme in Benue State *Assures Muslims of equal rights Governor Samuel Ortom of Benue State has flagged off Hajj Savings Scheme in the state, assuring Muslims of equal treatment. The scheme is a product of the National Hajj Commission of Nigeria...