Nigeria’s Oil Export Earnings Decline to $12.1bn   Nigeria’s crude oil export earnings slumped to $12.1 billion in Q2, 2024 as against $12.4 billion in the preceding Q1, reflecting the decline in domestic crude oil production to 1.27 million barrels per...

Report Reveals Naira May Weaken to N1,993/$1   The naira is forecasted to depreciate to N1,993 against the United States dollar by 2028, posing a significant challenge to Nigeria’s pharmaceutical industry, particularly in importing essential medical devices, a new report by...

Bilateral Trade Between Nigeria, China Now $15bn China’s imports from Nigeria increased by 36.1 per cent between January and September as bilateral trade between the two countries reached $15.1bn within the period, the acting Consul-General of China, Mr Jin Mingyu,...

Stock Market Records N83bn Gain on Positive Trading   The Nigerian Exchange Limited (NGX) closed in the green zone on Monday, with N83bn added to the wealth of investors. This marked the third consecutive positive trading session in a market that had...

Weak Purchasing Power Pushes Unsold Goods to N1.24trn, MAN Reveals The Manufacturers Association of Nigeria (MAN) has stated its unsold manufactured goods have reached a record N1.24tn, as its unsold inventories increased by 357.57 per cent in the first half...

NNPC Buys From Dangote Refinery, Ends N24trn Fuel Import   The Nigerian National Petroleum Company Limited (NNPCL) has stopped importing refined petroleum products and is now off-taking fuel from the Dangote Petroleum Refinery and other local refineries. NNPC’s Group Chief Executive Officer,...