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...

Capital Importation Declined To $1.57bn   The total value of capital importation into the country declined by 28.09 per cent to about $1.57 billion in the first quarter of the year (Q1 2022) compared to $2.87 billion in the preceding quarter,...

Nigeria’s Public Debt Increases By N2.04trn in Q1, 2022   The Debt Management Office (DMO) said on Tuesday that Nigeria’s total public debt stock increased to N41.60tn in the first quarter of 2022 from N39.56tn as of December 2021. This shows an...