JUST IN: Port Harcourt Refinery Begins Crude Oil Production

Korede Abdullah in Lagos The Nigerian National Petroleum Company Limited (NNPCL) has announced that the Port Harcourt Refinery has commenced processing crude oil production. According to the company’s spokesperson, Olufemi Soneye, the refinery has kicked off with 60 percent capacity, processing 60,000 barrels per day of crude. This development marks a significant milestone for the…

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Economic Pressures Push More Nigerians Toward Charcoal Use as Toothpaste Alternative

The economic hardship induced by the galloping and headline inflation in Nigeria have pushed majority of the impoverished population to consistently devise means of survival. One of these is seeking affordable costs of basic needs, sometimes, ignoring the health threats of such applications. Take the charcoal for instance. Many in the cities have resorted to…

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ICT’s Contribution to Nigeria’s GDP Drops to 16.35% in Q3 2024 – NBS

Korede Abdullah in Lagos Nigeria’s Information and Communications Technology (ICT) sector contributed 16.35% to the country’s real Gross Domestic Product (GDP) in the third quarter of 2024. This is a decline from the 19.78% contribution in the previous quarter, but higher than the 15.97% contribution in the same period last year, according to the National…

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Transportation Fares in Nigeria Rise in October, Air Travel Costs Largest Annual Increase – Report

A recent report from the National Bureau of Statistics (NBS) has reveals that transportation fares across various sectors in Nigeria saw slight increases in October 2024, with air travel costs experiencing the most significant year-on-year jump. According to data released by the NBS on Monday, the average fare for bus journeys within city limits increased…

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