Foreign Capital Inflow Increases By 44.3% To $298.8m In June   Foreign capital inflow into Nigeria increased by 44.3 per cent in June to $298.8 million, FMDQ Securities Exchange has said. The inflow “underwhelming” when compared to the pre-pandemic monthly average of...

Capital Importation Into Nigeria Fall By 28% In Q1, 2023   National Bureau of Statistics (NBS), yesterday, said total capital importation into Nigeria in Q1 2023 stood at $1,132.65 million, lower than $1,573.14 million recorded in Q1 2022, indicating a 28.00...

Deregulation: Monthly Fuel Consumption Declines By 18.5million Litres   The volume of Premium Motor Spirit, popularly called petrol, that was consumed across the country in the first half of 2023 is 11.26 billion litres, the Federal Government has said. It was, however,...

Nigeria Spent Over N7.8trn On Food Importation In Six Years   Despite being touted as the food basket of Africa, Nigeria has spent over N7.8 trillion in the past six years on food import. The staggering sum, experts say, is a clear...

Mechanics, Traders Decry Multiple Taxation, Pay N167bn   Nigerians engaged in wholesale and retail trade and repair of motor vehicles and motorcycles paid a total tax of N167.45bn between the first quarter of 2022 and Q1 2023. The total tax was raised...

Bank Customers Lose N472m To Fraudsters In Three Months - Report A report by FITC has revealed that bank customers in Nigeria lost N472m to fraud in the first quarter of 2023. It was also disclosed that there was a total...