Net Forex Inflows Hit $5.15bn In Two Months   The net foreign exchange inflows through the economy rose year-on-year (YoY) by 22 percent to $5.15 billion in the first two months of 2023 (2m’23) from $4.22 billion in the corresponding period...

Telecom Sector Contributes N2.5trn to GDP In Q1, 2023   The Telecommunications and Information Services sector in Nigeria contributed N2.508 trillion, representing 14.13 per cent, to the nation’s gross domestic product, GDP, in the first quarter of 2023 (Q1’23). The National Bureau...

NPA Upgrades Harbour Operations to Increase Investment   The Nigerian Ports Authority (NPA) has commenced upgrades to its infrastructure and equipment to improve communications with visiting vessels and reduce vessel turnaround times. Speaking, yesterday, at the commissioning of its Control Tower at...

Manufactured Exports Fall By 40% In Q1, Says NBS   The National Bureau of Statistics’ Foreign Trade Statistics report, released on Monday, indicates a significant 40 per cent decrease in the value of traded manufactured goods in Q1 2023, which declined...

Africa’s GDP Growth Slowed By 65% – Report   Nigeria, Egypt, and South Africa were responsible for 65 per cent of Africa’s Gross Domestic Product slowdown, McKinsey has disclosed. The report, which was titled ‘Reimagining economic growth in Africa: Turning Diversity into...

NGX Trading Falls As Investors Lose N37bn   Investors on the Nigerian Exchange on Thursday lost N37bn due to losses recorded by Stanbic IBTC holdings (-3.02 per cent), Wapic (-6.52 per cent), GlaxoSmithKline (-5.30 per cent), FCMB (-2.17 per cent) and...