2019: Nigeria Loses $2.78n To Oil Theft, Pipeline Sabotage, A Drop By 21%-NEITI

LAGOS JUNE 20TH (NEWSRANGERS)-Nigeria lost N851.84 billion ($2.78 billion) to oil theft and pipeline sabotage in 2019. This was disclosed by the Nigerian Extractive Industry Transparency Initiative (NEITI) latest oil and gas industry audit report. The agency stated that it arrived at the estimate after using an average price of $65.61 per barrel and an average…

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Nigeria Records Largest Global Drop-Off In Visitors To US In 2019

LAGOS JANUARY 4TH (NEWSRANGERS)-The travel measures taken against Nigeria by the United States last year are starting to have a clear and, potentially, long-term effect. Data from the US travel and tourism office shows Nigeria recorded the largest global drop-off in visitors to the US. As of October 2019, 34,000 fewer Nigerians traveled to the…

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Nigerian Investors Lose N1.71 Trillion Last Year

LAGOS JANUARY 2ND (NEWSRANGERS)-Investors in Nigerian equities lost about N1.71 trillion in 2019 as a combination of political risk, weak macroeconomic performance and tense global outlook drove the stock market to second consecutive negative performance. The stock market closed yesterday with negative average full-year return of -14.60 per cent for the 2019 trading year, equivalent…

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