$1.3bn Crude Oil Lost In 6 Months, Governors Say Nigeria lost $1.3bn worth of crude oil to theft and pipeline vandalism in the first six months of 2019, according to state governors, who looked into the criminal cases in the oil sector in the Niger Delta. The governors were members of a 13-member ad hoc […]
FG Meets W/bank For Another $2.5bn Loan The Federal Government is currently in talks with the World Bank for a fresh $2.5bn loan. World Bank Vice President for Africa, Hafez Ghanem, disclosed this in an interview in Abuja on Wednesday, Bloomberg reported. Nigeria received $2.4bn from the World Bank in the past year, according […]
FG Generates N1.53trn Revenue From Debt Securities The Federal Government has recorded a total of N1.53tn from debt securities issued so far in the year. These debt securities are Federal Government bonds, savings bonds, green bonds and treasury bills. Latest data obtained from the Debt Management Office revealed that the highest amount of revenue of […]
NESG Seeks Reduction In Taxes, Competitive Economy The Nigerian Economic Summit Group has emphasised the need for the government to reduce the number of taxes levied on businesses in the country. The NESG said out of about 3,000 forms of taxes operational across the country from the federal to the local government level, only four […]
Sea Trade Increases By N260.6bn In 2019 Q2 The total value of trade realised at the seaports in the second quarter of 2019 increased by N260.6bn over the value recorded in the first quarter, data from the National Bureau of Statistics have shown. The value of trade in the second quarter was N7.85tn against N7.58tn […]
Make Climate justice top of the agenda, says IFJ to mark week of action
Brussels 20 September 2019- The IFJ has joined tens of millions of trade unionists and climate activists around the world in urging world leaders to put climate justice at the top of their agenda as global actions kick off across the globe to mark Climate action week on 20-27 September.
The EU and Oman hold their first Senior Officials’ Meeting
Brussels, 19/09/2019 – 20:43, UNIQUE ID: 190919_15
Aiteo Pipeline Closure Threatens Nigeria’s Oil Exports Exports of Nigeria’s Bonny Light crude have been under force majeure following the closure of the Nembe Creek Trunk Line, one of the major crude oil transportation channels used for export. The NCTL, which is 100 kilometres long and has a capacity of 150,000 barrels per day […]
Border Closure: Prices Of Diesel, Petrol, Kerosene Skyrocket – NBS Data National Bureau of Statistics Despite Federal Government’s partial closure of borders to monitor smuggling, prices of petrol, kerosene and diesel skyrocketed in August. Data sourced from the National Bureau of Statistics (NBS) show that while prices of energy jumped up in August, prices […]
FG Set To Auction Long Term Bonds At 14 % As part of capital raising for the 2019 Budget, the Debt Management Office (DMO) is offering five, 10 and 30 year bonds at 12.8 percent (%) ,14.6 % and 14.8 % interest rates respectively. This was contained in a document published on the Debt […]
