Foreign Investments in Manufacturing Hit $861m
Total inflow of foreign investments into the Nigeria’s manufacturing sector increased by 88.17 percent year-on-year (YoY) to $861.16 million in the first half of 2023 (H1’23) from $457.66 million in the corresponding period of...
In 6 Months, Nigeria Exports Raw Cashew Worth N146.1bn
Nigeria exported N146.1bn worth of raw cashew in the first half of 2023, a report by the National Bureau of Statistics (NBS) has disclosed.
The report titled Foreign Trade in Goods Statistics...
Minister: Land Reforms Will Unlock $300bn Dormant Capital
The Federal Government has disclosed plans to unlock over $300bn ‘dead’ capital in the housing sector through a series of reforms in land administration and collaborations with stakeholders.
The Minister of Housing and...
FG Earmarks N3.27trn on Palliatives, Loans
The total spending by the Federal Government on palliatives and loans to cushion the effect of the fuel subsidy removal may hit N3.27tn.
The palliatives and loans were meant to cushion the effects of economic...
Stakeholders Lament Inactive Refineries as Fuel Imports Gulp N843bn
The Nigerian National Petroleum Company Limited (NNPCL) may be spending about N843bn monthly on the importation of Premium Motor Spirit, popularly called petrol, following the halt in oil swaps by the...
Dollar Supply Jumps After CBN Lifts Ban on Forex Sale
Dollar supply at the foreign exchange (forex) market reportedly soared after the Central Bank of Nigeria (CBN) scrapped restrictions on buying foreign currency required to import 43 items, in a...
