Ination

Nigeria’s inflation falls to 15.91% in October
Ination

Nigeria’s inflation falls to 15.91% in October

The National Bureau of Statistics, NBS, said Nigeria’s headline inflation for October fell slightly to 15.91%. The downward trend in inflation for the month of October is, however, slower compared to 15.98% disclosed for the month of September. Nigeria is Africa’s largest economy by gross domestic product. The country has […]

Debt forces Nigeria out of 90 World Organizations
Ination

Debt forces Nigeria out of 90 World Organizations

The Federal Government of Nigeria confirmed that the country has pulled out of 90 world organizations. Nigeria currently owes the organizations over USD100 million and its failure to meet the obligations has caused the country embarrassment, hence it has to pull out. As part of plans for the country’s exit […]

NNPC Increases Gas Supply to Power Plants by 123%
Ination

NNPC Increases Gas Supply to Power Plants by 123%

The Nigerian National Petroleum Corporation (NNPC) has increased daily average natural gas supply to the nation’s gas power plants by 123 per cent to 730 million standard cubic feet per day (mmscf/d). The Corporation, in its June 2017 Monthly Financial and Operations Report released today, said the gas supply was […]