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Naira Drops to N1,780 Per Dollar as Speculators Take the Blame

The Naira experienced a sharp drop from N1600 to N1,780 per dollar on Wednesday which reversed its recent gains in the black market. 

WTO Reports Moderate Growth in Global Trade Amid Rising Uncertainty

The World Trade Organisation (WTO) reported steady growth in goods trade during the fourth quarter of 2024. 

ILO Urges Adoption of Living Wages for Global Workforce

The International Labour Organisation (ILO) reports that global real wages have grown by 2.7 per cent—the highest in 15 years—but wage recovery remains inconsistent, with ongoing inequalities and stagnant growth in Africa, Northern America, and parts of Europe. 

NBS: Malta’s Exports to Nigeria Reach N766bn

According to the latest foreign trade statistics from the National Bureau of Statistics (NBS), Nigeria's imports from Malta hit an unprecedented N766.81bn in the third quarter of 2024. 

Finally, Nigeria Out of List as IATA Reports $1.7bn Blocked Funds

Finally, Nigeria Out of List as IATA Reports $1.7bn Blocked Funds   For the first time in recent years, Nigeria is out of the list of countries with a significant amount of airlines’ blocked funds as the International Air Transport Association (IATA) report indicated. Yesterday, the association...

NMDPRA, Oil Producers Disagree on Petroleum Levy Collection

NMDPRA, Oil Producers Disagree on Petroleum Levy Collection   Oil producers and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Monday expressed diverse opinions over who should collect the 0.5 per cent wholesale price levy imposed on petroleum products by the Petroleum Industry Act. While...