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Nigeria’s 2024 Crude Oil Production Reaches 566 Million Barrels, NUPRC Data Reveals

Nigeria’s crude oil and condensate production in 2024 totaled 566.8 million barrels, according to data from the Nigeria Upstream Petroleum Regulatory Commission (NUPRC). Nairametrics calculations, based on the NUPRC’s Crude Oil and Condensate Production Report for 2024, confirm a total output of 566,794,493 barrels. Key Highlights: Key Takeaways: Despite a strong finish to the year, …

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U.S. and Nigeria Partner to Expand Broadband Access with $2 Million Grant

In a significant move to boost Nigeria’s digital infrastructure, the U.S. and Nigerian governments have signed a $2,095,000 grant to assess the feasibility of deploying at least 90,000 kilometers of new fiber optic backbone infrastructure across the country. The announcement was made during the inaugural U.S.-Nigeria Technology Dialogue held in Washington, D.C., on January 10, …

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Nigeria and Brazil Forge Strategic Partnership to Revolutionize Agriculture in 774 LGAs

Abuja, Nigeria – In a groundbreaking move aimed at bolstering Nigeria’s agricultural sector, the Nigerian government and Brazil’s Fundação Getulio Vargas (FGV) have entered into a strategic partnership. This collaboration, formalized through a Memorandum of Understanding (MoU), is poised to revolutionize agriculture across all 774 local government areas in the country. The agreement, signed by the …

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Rural Electrification Agency (REA) calls for participation to fast-track development of Nigeria’s renewable energy sector

In a bid to streamline activities and drive rapid development in Nigeria’s renewables space, the Rural Electrification Agency (REA) has announced a call for participation’ inviting all stakeholders in Nigeria’s renewable energy sector to actively participate in its strategic initiatives aimed at accelerating the sector’s growth and development. This call is part of REA’s ongoing …

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Nigeria Invites Investors to Tap into Nigeria’s Lucrative Sugar Market

Abuja, Nigeria – The Federal Government of Nigeria has extended an invitation to both domestic and international investors to capitalize on the country’s burgeoning sugar industry, estimated to be worth $2 billion. Kamar Bakrin, Executive Secretary and CEO of the National Sugar Development Council (NSDC), highlighted Nigeria’s substantial annual sugar consumption, ranging from 1.4 to …

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10 Reasons Nigeria is a Business Hub in Africa 

Nigeria: Africa’s Rising Business Powerhouse Nigeria, often referred to as the “Giant of Africa,” is rapidly emerging as a significant business hub on the global stage.With a burgeoning population, abundant natural resources, and a dynamic economy, the country offers immense potential for businesses seeking to expand their operations into Africa. This article delves into ten compelling …

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Nigeria officially joins BRICS as partner country

Abuja, Nigeria – October 25, 2024 – Nigeria has officially become a partner country of the BRICS group, joining a growing alliance of emerging economies. The announcement was made during the 16th BRICS summit held in Kazan, Russia, from October 22 to 24, 2024. The BRICS group, originally comprising Brazil, Russia, India, China, and South …

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Nigeria Launches Naira-for-Crude Oil Sale Agreement with Dangote Refinery

  Abuja, Nigeria – The Nigerian government has officially launched its Naira-for-crude oil sale agreement with Dangote Refinery, marking a significant step towards stabilizing the economy and promoting local currency usage in the oil sector. The announcement was made by the Minister of Finance, Wale Edun, in a statement shared on the Ministry of Finance’s official X …

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World Bank Partners with Nigeria to Enhance Marine and Blue Economy Sector

The World Bank has shown a keen interest in partnering with Nigeria to advance the development of its Marine and Blue Economy sector, with a particular emphasis on sustainable fisheries.  During a recent courtesy visit to the Minister of Marine and Blue Economy, Adegboyega Oyetola, Ms. Lia Sieghart, the leader of the World Bank delegation, …

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Nigeria ranks 6th on the list of countries with the highest foreign exchange and gold reserves in Africa

Lagos, Nigeria – October 2, 2024 – Nigeria has solidified its position as a financial powerhouse in Africa, ranking as the sixth-largest country in terms of foreign exchange and gold reserves. According to the esteemed Global Firepower, Nigeria currently holds approximately $37.75 billion in reserves, a testament to its robust economic management and strategic financial policies. …

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About the Editor

Suleiman Bunu EDITOR-IN-CHIEF
As the Editor-in-Chief of Nigeriawide.com, he directs editorial strategy, manages content editing, and enforces strict fact-checking. His oversight keeps the platform's published information accurate.
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