Production

The federal government has promised to address the housing deficit by delivering one million houses per year to close the 17 million shortfall by the year 2033.

The Nigerian National Petroleum Corporation (NNPC) said that 1.76bn litres of Premium Motor Spirit (PMS), also known as petrol, was supplied in June.

The Nigerian National Petroleum Corporation (NNPC) recorded 77 per cent rise in cases of oil pipeline vandalism in its network of pipeline infrastructure across the country in June 2019.

The Federal High Court in Abuja, on Friday, ordered the federal government to renew the operating licence of the Shell Petroleum Development Company (SPDC).

The Nigeria Extractive Industries Transparency Initiative (NEITI) says that 692 million barrels of crude oil was produced in the country in 2017.

Oil prices on Friday clawed back the previous day’s losses, with Brent nudging above $60 a barrel, as tighter supplies from key producers offset slowing demand growth and investors await clues on the U.S. Federal Reserve’s monetary policy.

The Nigerian Association of Small Scale Industrialists (NASSI) has said that forex restriction on imported dairy products would uphold indigenous companies into milk processing and spur local production.

The Executive Director, GoGreen Africa Initiative, Mr Adeniyi Bunmi, at the weekend, blamed inconsistent government policies for the nation’s weak economic development.

The Federal government on Thursday, told the Abuja Division of the Federal High Court that its refusal to renew the operating license of Shell Petroleum Development Company (SPDC) was in the interest of the nation’s security.

Member representing Langtang North/Langtang South Federal Constituency of Plateau State in the House of Representatives, Hon. Beni Lar, said the fight against poverty among women and youths is critical for the survival of Nigeria.

Senator Ifeanyi Ubah, Young Progressives Party, YPP, yesterday said that the task ahead of the newly announced standing Committees by Senate President, Senator Ahmad Lawan, is enormous.

Oando PLC (referred to as “Oando” or the “Group”), Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, today announced unaudited results for the six months period ended June 30, 2019.

Xirea Apparels is set to employ 50,000 Nigerians by 2030 to handle sourcing and garment production requirements for large organizations.

President Muhammadu Buhari has granted the Nigerian Security Printing & Minting Company (NSPMC) the monopoly for the production and personalization of all Nigerian E-passports and related documentation.

The Nigerian Senate has urged the federal government to ban the production, importation and circulation of Sniper insecticide in the country.

About 22 sectors capable of generating foreign exchange for the federal government in place of crude oil have been identified, the Executive Director, Nigerian Export Promotion Council (NEPC), Segun Awolowo, has said.

Benue State chapter of the Christian Association of Nigeria (CAN) has strongly opposed the planned establishment of Ruga settlements in the state insisting that Benue has no land for such project.

Apple is exploring moving between 15 and 30 percent of its hardware production out of China, according to a new report by Nikkei. The company reportedly has a growing team looking into moving production, and has asked key manufacturing partners like Foxconn, Pegatron, and Wistron to evaluate the available options.