Sunday, September 25, 2022
The volume of the Bonny Light produced  in August stood at 1,905mbd. This is 4.09 percent increase from the 1.827mbd produced in July. This is according to the OPEC Monthly Oil Report released Monday 16 2019. This figure is based on direct communication. Meanwhile from secondary sources, the volume...
The Capital Importation into Nigeria has fallen by 31.41% in the Q2 2019 to a total $5,820.21m as against $8,485.49 million recorded in the Q1 2019. The figure represent 5.56% increase compared to the $5,513.55 million recorded in Q2 2018. This is as contained in the Capital Importation Report...
Nigeria imported goods from China worth N1,020.6 Trillion representing 25.47% of total imports in the second quarter of 2019. This is as contained in the report on Foreign Trade in Goods posted on the website of Nigerian Bureau of Statistics. Import from the Asia continent valued at N1,777.8 billion...
G rowth in the non-oil sector performed dismally by –0.40% points at (1.64%) in Q2 2019 offsetting the growth of 5.15% in the oil sector to put the overall growth on a downward dive weaker than the forecast growth of 2.3% by the African Development Bank. In September 2018, the...
N igeria supplied 1.827 mbd of crude oil in July according to the August edition of the OPEC Monthly Oil Market Report. Based on data from secondary source, the figure is 1.786. This figure is about 13.9 percent lower than the 2019 budget production benchmark of 2.3mbd. Price per barrel...
T he Nigerian Gross Domestic Product growth have experienced further decline by -0.16 percent from the first quarter growth. This is according to the report released by the National Bureau of Statistics on Tuesday. The Q2 2019 Gross Domestic Product (GDP) grew by 1.94%(year-on-year) in real terms. This represent an...
A total sum of N311.94bn was generated as VAT by the different sectors of the economy in Q2 2019 as against N289.04bn generated in Q1 2019 representing an increase of 7.92% (Quarter on Quarter). This amount is up 16.95% from Q2 2018 with a total VAT of N269.79bn The Sectoral...
T he nation's external reserve has taken a downturn to USD43.67bn as at 29th August after losing $1.23bn within 29 days. The data posted by the Central Bank of Nigeria shows that this figure represent the lowest since March after it climbed to USD45.15bn in July.. Businesses may also be...
T he Debt Management Office (DMO) issued N59.53 billion FGN Bonds for the three (3) Tenors offered to various investors who subscribed. This was at the August 2019 FGN Bond Auction held on Wednesday, August 21, 2019. This was contained in a press release on Wednesday. According to the press...
N igerians have listed lack of power as the lead among the constraints they face in running business in Nigeria. This is contained in the August 2019 Business Expectations Survey Report released on Tuesday by the Central Bank of Nigeria. Lack of power came top with 65.9 index point...