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Lagos, Delta, Kaduna and Ogun states topped the 2020 Internally Generated Revenue (IGR) chat in the country, a report released by the National Bureau of Statistics (NBS) has shown. NBS disclosed this on Friday, in its “Internally Generated Revenue At State Level” report for fourth quarter and full year 2020 published on its website. The…
April 16, 2021
By Tsvetana Paraskova A year after the pandemic and the disagreement within OPEC+ over supply management crushed oil prices, the industry finds itself at an all-too-familiar crossroads: Will OPEC’s bet that U.S. shale’s “drill, baby, drill” is gone forever be right this time? Analysts seem to concur that this is a safe bet, at least…
April 16, 2021
Governor Abdullahi Ganduje of Kano state, alongside business mogul, Alhaji Aminu Alhassan Dantata, among other top personalities have reconciled Dangote Group and BUA group, whose dispute over sugar production and control has been making news headlines recently. Alhaji Aliko Dangote, the Chairman of Dangote Group and Abdul Samad Rabiu who is the chairman of the…
April 16, 2021
The Federal Government, on Thursday, lifted the ban on the registration of new sim cards. This was disclosed by Minister for Communications and Digital Economy, Isa Ali Ibrahim, who added that directive will take effect from Monday, April 19, 2021. The registration of Subscriber Identification Module (SIM) cards had been suspended in December 2020 when…
April 15, 2021
By Haley Zaremba Has peak oil demand already come and gone? That’s an exceptionally hard question to answer. There are some experts that say unequivocally, yes. They claim that peak oil is already upon us, thanks to the crushing blow that the Covid-19 pandemic dealt to global oil demand as well as the ever-escalating worldwide transition toward…
April 15, 2021
Nigeria's Consumer Price Index (CPI), which measures inflation has increased by 18.17% in March 2021, according to the lastest report by National Bureau of Statistics (NBS). According to the NBS, the all item inflation index (year on year basis) shot higher by 0.82% from the rate recorded in March 2020, while, on month-on-month basis, the…
April 15, 2021
Boost Renewable Funding Seven countries in Europe have committed to a plan that will see them stop public export guarantees for fossil fuel projects, raising fresh concerns for Nigeria and many countries around the world whose economies are heavily dependent on oil and other fossils. The French Finance Minister, Bruno Le Maire disclosed this in…
April 15, 2021
Oil spill from a facility operated by Shell Petroleum Development Company of Nigeria (SPDC), has reportedly once again rattled Ikarama community of Okordia Clan, Yenogoa, Bayelsa State. The incident was said to have occurred on April 9 during a routine operation on the Okordia-Rumuekpe Trunk Line located in the community. It was gathered that the…
April 14, 2021
The Debt Management Office (DMO), on Wednesday, announced the auctioning of three Federal Government, (FG) bonds of ₦150billion at N1,000 per unit. Details obtained from DMO’s website said that the three bonds were valued at N50 billion each, with interest rates of 16.29 per cent; 12.50 per cent and 9.80 per cent, respectively. It listed…
April 14, 2021
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Lagos, Delta, Kaduna and Ogun states topped the 2020 Internally Generated Revenue (IGR) chat in the country, a report released by the National Bureau of Statistics (NBS) has shown. NBS disclosed this on Friday, in its “Internally Generated Revenue At State Level” report for fourth quarter and full year 2020 published on its website. The…
April 16, 2021
By Tsvetana Paraskova A year after the pandemic and the disagreement within OPEC+ over supply management crushed oil prices, the industry finds itself at an all-too-familiar crossroads: Will OPEC’s bet that U.S. shale’s “drill, baby, drill” is gone forever be right this time? Analysts seem to concur that this is a safe bet, at least…
April 16, 2021
Governor Abdullahi Ganduje of Kano state, alongside business mogul, Alhaji Aminu Alhassan Dantata, among other top personalities have reconciled Dangote Group and BUA group, whose dispute over sugar production and control has been making news headlines recently. Alhaji Aliko Dangote, the Chairman of Dangote Group and Abdul Samad Rabiu who is the chairman of the…
April 16, 2021
The Federal Government, on Thursday, lifted the ban on the registration of new sim cards. This was disclosed by Minister for Communications and Digital Economy, Isa Ali Ibrahim, who added that directive will take effect from Monday, April 19, 2021. The registration of Subscriber Identification Module (SIM) cards had been suspended in December 2020 when…
April 15, 2021
By Haley Zaremba Has peak oil demand already come and gone? That’s an exceptionally hard question to answer. There are some experts that say unequivocally, yes. They claim that peak oil is already upon us, thanks to the crushing blow that the Covid-19 pandemic dealt to global oil demand as well as the ever-escalating worldwide transition toward…
April 15, 2021
Nigeria's Consumer Price Index (CPI), which measures inflation has increased by 18.17% in March 2021, according to the lastest report by National Bureau of Statistics (NBS). According to the NBS, the all item inflation index (year on year basis) shot higher by 0.82% from the rate recorded in March 2020, while, on month-on-month basis, the…
April 15, 2021
Boost Renewable Funding Seven countries in Europe have committed to a plan that will see them stop public export guarantees for fossil fuel projects, raising fresh concerns for Nigeria and many countries around the world whose economies are heavily dependent on oil and other fossils. The French Finance Minister, Bruno Le Maire disclosed this in…
April 15, 2021
Oil spill from a facility operated by Shell Petroleum Development Company of Nigeria (SPDC), has reportedly once again rattled Ikarama community of Okordia Clan, Yenogoa, Bayelsa State. The incident was said to have occurred on April 9 during a routine operation on the Okordia-Rumuekpe Trunk Line located in the community. It was gathered that the…
April 14, 2021
The Debt Management Office (DMO), on Wednesday, announced the auctioning of three Federal Government, (FG) bonds of ₦150billion at N1,000 per unit. Details obtained from DMO’s website said that the three bonds were valued at N50 billion each, with interest rates of 16.29 per cent; 12.50 per cent and 9.80 per cent, respectively. It listed…
April 14, 2021
