Despite Unstable Power, Discos Generated N2.4trn   The Electricity Distribution Companies (Discos) raked in a total of N2.4 trillion as revenue between 2015 and 2020, the National Bureau of Statistics (NBS) has revealed. According to the NBS, revenue generated by the DisCos...

Nigeria’s Imports From China Rise By 183.91%   Nigeria’s import from China rose by 183.91 per cent from N530.98bn in the first quarter of 2018 to N1.51tn in Q1 2022. According to the National Bureau of Statistics (NBS) data on foreign trade,...

Foreign Investment In Agric Sector Drops By 99%   Foreign Investment in Nigeria’s agriculture sector tumbled by 99.23 per cent from $237.83m in the fourth quarter of 2021 to $1.76m in the first quarter of 2022. This means that there was a...

Nigeria’s Q1 Trade Surplus Hits N1.2trn - NBS   The National Bureau of Statistics (NBS) says Nigeria recorded N1.2 trillion trade surplus in the first three months of the year. The bureau stated this in its recent report entitled: ‘Foreign Trade in...

Despite The Rise In Crude, Nigeria’s Oil Revenue Dropped To N945bn   Despite the steady rise in crude oil price, the country’s earnings from the commodity dropped for the fourth month. This was contained in a Central Bank of Nigeria’s (CBN’s)...

NEPZA, FIRS Sign Pact On Tax Administration In Free Trade Zones   The Nigeria Export Processing Zones Authority (NEPZA) has signed a Memorandum of Understanding (MoU) with the Federal Inland Revenue Service (FIRS) for effective administration of taxes in the free...