abubakar saidu

Nigeria’s inflation has gone beyond raising rates and implementing other monetary instruments in anticipation of a decline, according to Adeola Adenikinju, president of the Nigerian Economic Society (NES). Adenikinju said while the…
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Nigerian DisCos The House of Representatives on Wednesday called for a minimum of N500 billion recapitalisation threshold for the 11 Electricity Distribution Companies (DisCos) in the country to remain operational. In response to…
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...To Boost Oil Production A report by Arise News reveals that the Nigerian government, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), is set to enforce the ‘drill or drop’ clause enshrined in the Petroleum…
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•Targets 80,000 bpd by end of 2025 In a major boost for Nigeria’s crude oil production, revenue generation, and economic growth efforts, NNPC Ltd has officially unveiled its latest crude oil grade, the Utapate crude oil blend,…
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... As NNPC Moves To Import 1.6 Billion Litres Of Petrol A Coalition of Civil Society Organisations has vowed to go on protest over the decision by the Nigeria National Petroleum Company Limited (NNPC), to import over 1.6 billion…
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Crude Oil According to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the country’s oil reserves have declined by 50 billion barrels over the past 14 years. According to the NUPRC, oil reserves shrank from 38 billion…
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Forex Economic analysts have indicated that while the nominal value of the 2025 budget has significantly increased, it has decreased by 18.25 per cent in dollar terms compared to the 2022 estimate. They stated this following the…
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Debt Nigeria has retained its position as the third-largest debtor to the World Bank’s International Development Association (IDA) with its exposure climbing to $17.1bn as of September 30, 2024. According to the World Bank’s latest…
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The International Monetary Fund, IMF, has advised the Nigerian government to refine its reforms to make them acceptable and supported by the citizens who have been grossly affected by them. The IMF, in its latest Regional Economic…
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...Kyari never pledged to completely halt imports but instead to prioritise local refineries - NNPC Doctor Robinson Onuh, Executive Director of the Energy Reforms Advocates of Nigeria (ERAN), has condemned NNPC’s management, calling…
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