Manufacturing Sector's GDP Contribution Drops in Q3'24   Nigeria's manufacturing sector experienced a decline in its contribution to the country's GDP in Q3 2024, according to a report by the Manufacturers Association of Nigeria (MAN). MAN in its Quarterly Economic Report for...

Nigeria’s Exports to ECOWAS Now N1.5trn – NBS   Nigeria's trade with ECOWAS countries reached new heights in Q3 2024, with exports valued at N1.54trn, according to the National Bureau of Statistics (NBS). Data from the bureau also showed that Nigeria’s imports...

Nigeria to Receive $1.65bn World Bank Loans Next Year   The World Bank has lined up three major loan projects for Nigeria in 2025, totalling $1.65bn, as part of a broader effort to support the country's development agenda and address its...

Tax Reforms to Promote Fairness, Says Tinubu   President Bola Tinubu recently defended his four tax reform bills, which are currently under consideration by the National Assembly. These bills aim to streamline tax administration, enhance revenue generation, and promote equitable resource allocation,...

Nigerian Stock Market Surges by N704bn   The Nigerian equity market gained N704bn in six days, pushing the market capitalisation above N60tn. At Monday’s close, investors gained N330bn, and market capitalisation hit N60.6tn, with 740.89 million shares worth N16.88bn traded in 10,430...

'Dangote Refinery Received $1bn Loan from NNPCL'   The Nigerian National Petroleum Company Limited (NNPCL) has said it secured a $1bn loan backed by crude oil to support the coming on stream of the 650,000 barrels per day capacity Dangote Petroleum...