Business
Nigeria produces 218.37b cubic feet of gas in March
Nigeria produced 218.37 billion cubic feet, BCF, of natural gas through its state-run oil corporation, the Nigerian National Petroleum Corporation, NNPC, in March 2020.
The data which translates to an average daily production of 7493.65 million standard cubic feet per day, mmscfd, [...]
Siemens backs MACN’s anticorruption action in Nigeria
Energy giant, Siemens Energy Nigeria, is providing support for the Maritime Anti-Corruption Network, MACN, through its integrity initiative, to scale up its collective action initiative in Nigeria.
MACN, a global business network of over 130 companies working together, will implement the projec [...]
Covid-19: CBN issues guidelines on research grants
The Central Bank of Nigeria, CBN, has issued guidelines on Healthcare Research and Development Grant aimed at funding research on new and improved drugs, vaccines and diagnostics of infectious diseases in the country.
The apex bank said the Healthcare Sector Research and Development Inter [...]
Nigeria’s inflation rises to 12.40 in May
Nigeria’s inflation maintained an upward swing in May 2020 adding 0.06 per cent point to hit 12.40 per cent, year-on-year.
The National Bureau of Statistics, NBS, in its consumer price index, CPI, report which measures inflation, said the 0.06 per cent points increase was higher than the [...]
Oil partners earmark over N10.5b for medical facilities
Nigeria’s oil and gas industry has earmarked 53 per cent of its N21 billion intervention to combat covid-19 for the construction of medical infrastructure across the six geopolitical zones in the country.
Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele [...]
Trade declines by 17.94% in Q1, 2020
Nigeria’s foreign trade declined by 17.94 per cent in Quarter 1, 2020, compared to the value recorded in Quarter 4, 2019.
This was disclosed in a report by the National Bureau of Statistics, NBS, on “Foreign Trade in Goods Statistics Q1, 2020.”
The report noted that the [...]
NEITI urges NNPC to publish previous audited accounts
The Nigeria Extractive Industries Transparency Initiative, NEITI, has called on the Nigerian National Petroleum Corporation, NNPC, to further publish its previous audited accounts in open data formats for the reports to be more accessible to stakeholders.
NEITI, in a statement by [...]
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