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   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   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...

Nigeria Generates N73trn From Oil Export Amid Govt Borrowing   Nigeria’s total crude oil export revenues hit N73 trillion in the 21 months spanning January 2023 to September 2024, data from the National Bureau of Statistics (NBS) for the period has shown. The period also saw a...

Stock Market Reverses Gain With N63bn Loss   The Nigerian equity market ended the first trading day of the week on a downward note, reversing recent gains with an N63bn loss. At the close of trading on Monday, the Nigerian Stock Exchange recorded a decline in its...

NNPC Announces 90% Completion of Port Harcourt Refinery Plant   The Nigerian National Petroleum Company Limited (NNPCL) has confirmed that the ongoing repair of the new 150,000 barrels per day Port Harcourt Refining Company has reached over 90 per cent completion rate. This is according to the...