The Organisation of Petroleum Exporting Countries and its allies, (OPEC+) has decided to pause its planned oil supply increases through the first quarter of 2026, maintaining current production levels amid a global market surplus and uncertainty surrounding Venezuelan oil supplies.
'Nigerian Govt’s Reliance On CBN Financing Worrisome'
The Nigerian government’s reliance on the Central Bank of Nigeria for the financing of budget deficits is certainly worrying, a London-based economic research firm has said.
Capital Economics, in its ‘Africa Economics Focus’ released on Monday, said the government...
Nigeria, Six Others Account For 65% Global Gas Flaring – W/Bank
The World Bank on Wednesday said Nigeria and six other countries were responsible for two-thirds of global gas flaring.
It said this in a statement titled ‘Seven countries account for two-thirds of global gas flaring’.
The...
Oil, Gas Export Revenue Dipped By $2.23bn In 2020 – NNPC
The total revenue generated by the Nigerian National Petroleum Corporation from crude oil and gas exports plunged by 45.98 per cent last year amid the COVID-19 induced collapse in price and demand.
Nigeria’s revenue from...
Experts Blame Fuel Price Hike, Borrowing As Inflation Climbs To 14.23%
The hike in food prices and other individual consumption across the country further increased the rate of inflation in Nigeria to 14.23 per cent in October.
Figures released by the National Bureau of Statistics on...
