Economy

The Nigeria Natural Resource Charter, NNRC, has blamed Nigeria’s over reliance on the oil sector, failure to diversify its revenue base for the inability of the country to effectively manage the wealth from its oil and gas resources. …
Read More...

Nigeria earned N5 trillion from oil in 11 months ending November 2019, representing 1.2 per cent decline, year-on-year, YoY, from N5.1 trillion earned in the same period of 2018. However, total federally collected revenue rose by nine…
Read More...

-By Kenny Folarin The President of the Oil and Gas Trainers Association of Nigeria, (OGTAN), Dr. Mayowa Afe, has stated that the Nigerian Oil and Gas Industry Content (NOGIC) Act 2010, has enabled Nigeria to save $2 billion. He added…
Read More...

… As Corporation’s Monthly Financial Operations Report Marks 50th Edition The Nigerian National Petroleum Corporation (NNPC) has announced crude oil and gas export sale of $355.93million in September 2019, indicating a significant…
Read More...

The Nigerian National Petroleum Corporation (NNPC) said it recorded a total export sale of $232.87 million in August 2019, decreasing by 30.50 per cent compared to the previous month. Crude oil export sales contributed $150.73 million…
Read More...

Minister of Finance, Budget and National Planning, Zainab Ahmed, has said that the Federal Government has pegged oil production at 2.18 Million Barrels Per Day (MBPD) in the 2020 budget. Ahmed made this known at the Highlights and…
Read More...

-By Benjamin Ike In recognition of the pivotal role of chemical engineering as the engine of growth of the economy, the Nigerian Society of Chemical Engineers organized a National Conference with the theme, “Enhancement of Agricultural…
Read More...