Nigeria

Latest updates on Nigerian Economy

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The Oil Bull Market Is Back – Oil is officially back in a bull market as confidence grows over both the strength of the global economy and the willingness of OPEC+ to adhere to its production cut agreement. Source Oilprice Read More 

NPDC Seeks N967bn To Develop 416 Million Barrels Of Oil – The Nigerian Petroleum Development Company is making efforts to raise $3.15bn through third party financing to develop the country’s oil and gas reserves from Oil Mining Lease 13. Source Punch Read More 

Source Dailytrust Read More 

FG Budgets N80bn For New Railway Projects’ Counterpart Funds – In continuation of its railway modernization drive and to connect all state capitals to railway, the Federal Government has proposed N80bn for seven railway projects across the country. Source Dailytrust Read More 

FG Proposes N1.9trn Deficit In 2019 Budget – As part of efforts to address the budget deficit, the Federal Government has proposed 3.07 percent reduction from N1.95 trillion in 2018 to N1.895 trillion this year. Source Sun Read More 

NIA Launches USSD Code To Track Fake Motor Insurance Paper – The Nigerian Insurers Association (NIA) has taken bold steps in the fight against fake motor insurance policy in Nigeria as it launched the Unstructured Supplementary Service Data (USSD) code *565*11# that would enable motorists verify the authenticity of their insurance policies. Source GuardianRead More 

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