Foreign Reserves Shed $975.7m Year-to-date   Nigeria’s foreign reserves continued its downward slope, a trend formed towards the end of last year after it failed to sustain a momentary recovery witnessed in October. The gross figure, which has remained a consistent gradual...

IOCs Fear Collapse As FG Says $3.27bn Crude Stolen In 14 Months   The total value of Nigeria’s crude oil stolen between January 2021 and February 2022 is about $3.27bn (representing N1.361tn at the official exchange rate of N416.25 to the...

Customs, CBN Clash Over E-valuation Of Imports, Exports   The Nigerian Customs Service has refuted media reports which claimed that the service has adopted the e-evaluator and e-invoicing for importers and exporters introduced by the Central Bank of Nigeria. In a statement...

Capital Importation Records $6.7bn, Suffers 30% Decline   The value of capital importation into Nigeria fell by 30.78 per cent from $9.68bn in 2020 to $6.7bn in 2021 according to data from the National Bureau of Statistics. In its ‘Nigerian Capital Importation’...

SEC Workers Protest Unpaid Allowances, Others Aggrieved staff members of the Securities and Exchange Commission (SEC) on Thursday held hours-long protest at the headquarters of the commission to communicate their demands which they said the management of the agency has...

FHERA Experts Dialogue On Accelerating Achievement Of AU Agenda 2063   Members of the Core Panel of the Initiative on the Future of Health and Economic Resiliency in Africa (FHERA) convened in Dakar, Senegal from March 14 - 15, 2022. The Panel...