Wheat Price Rises By 50% As Import Drops   The price of durum wheat has risen by 50 per cent since the start of 2022 and its importation has fallen by 16.09 per cent. This is because of the global scarcity of...

Finance Bill: Dangote, 7UP, 170 Firms May Lose N2.4trn Tax Waivers   At least 172 companies may not benefit from about N2.4tn tax waivers under the Pioneer Status Incentive and other tax exemptions as the Federal Government moves to phase out...

Nigeria’s Foreign Portfolio Records $2.08bn Shortfall In 11 Years   Nigeria’s foreign portfolio equity recorded a $2.08bn shortfall between 2010 and 2021 amid an unfavourable economic environment characterised by forex challenges and loss of investors’ confidence. According to a World Bank report...

FCT, Abia Lead As Food Prices Soar – NBS Report   The Federal Capital Territory (Abuja) and Abia State have led a number of other southern states as food prices soar to record levels in 2022. This is according to data from...

World Bank Says 80 Million Nigerians Risk Job Loss In 2030   The World Bank has disclosed that 80 million working-age Nigerians will not have a full-time job by 2030 if the nation doesn’t improve its employment rate. It added that 23...

Raw Materials Import Declines By 22.36% To N1.88trn - NBS   Manufacturers spent N1.88tn on raw materials import in nine months, foreign trade reports of the National Bureau of Statistics (NBS) have shown. The Q1-Q3 foreign trade reports indicated that manufacturers imported...