In Q2, Nigerians Preferred Netherlands for Export   A trade report by the National Bureau of Statistics (NBS) has indicated that The Netherlands maintained its lead as the top export destination of Nigerian goods in the second quarter of 2023. The report...

$10bn Debt: CBN Fails to Meet up with Payment Schedule   Over two weeks after the Central Bank of Nigeria (CBN) promised to clear over $10bn foreign exchange debts owed Deposit Money Bank, the apex bank has yet to do so...

Fuel Scarcity Looms as Forex Shortage Halts Importation   Oil marketers are increasingly worried they can’t import petrol due to the dollar shortage in the country. Despite the deregulation of the downstream sector, concerns have been raised about the potential comeback...

Manufacturers Incur Heavy Losses As Inflation, Forex Crisis Get Worse   In apparent reflection of the depreciation in the value of the Naira coupled with the sustained inflationary pressure, the cost of raw material input for consumer goods companies rose by...

Public Debt May Rise To N90.5trn - Analysts   Analysts have predicted that public debt outstanding would likely close at N90.49 trillion (or 43.1 per cent of GDP) in 2023 against N46.25 trillion or 23.2 per cent of GDP recorded in...

How Multiple Taxation, Poor Infrastructure Are Killing Businesses - Stakeholders   Stakeholders in the Small and Medium Enterprises (SMEs) sector has called on the Federal Government as a matter of urgency to harmonize the tax administration of the country in order...