Non-Oil Exports Reach $5.45bn in 2024 – NEPC The Nigerian Export Promotion Council (NEPC) has announced that Nigeria’s trade volume in 2024 reached 7.2 metric tons, with a 20.7% increase in value, totaling $5.45 billion. Dr. Nonye Ayeni, Executive Director of NEPC, disclosed this on Monday...

Naira Depreciates by 0.3% at Parallel Market The naira on Tuesday witnessed a flat rate as the dollar was quoted at N1,570 in the parallel market also known as black market, following improved liquidity in the foreign exchange (FX) market. The current rate shows a slight...

Naira to Close H1 at N1,700 per Dollar, Firm Predicts One of the leading investment banking firms, Comercio Partners Limited, has projected that the naira will close the first half of 2025 at N1,700 per dollar, the worst case scenario. Naira over the weekend, gained N45...

Goronyo Announces Steering Committee to Tackle FERMA’s Funding Challenges In a strategic move to address the persistent funding challenges faced by the Federal Roads Maintenance Agency (FERMA), the Honourable Minister of State for Works, Bello Muhammad Goronyo, Esq., has unveiled plans to establish a steering...

Manufacturers, Others Fume Over 4% Levy on Imports The imposition of a four per cent increase in charges on all consignments imported into the country by the Nigeria Customs Service (NCS), last week, drew disapproval from manufacturers, economists and other stakeholders at the weekend. The...

10 Top Manufacturers in Nigeria Face N666bn Cost Challenge   The cost of sales for 10 manufacturing and consumer goods companies in Nigeria surged to N665.95bn in 2024, reflecting a 72.47 per cent increase from N386.16bn recorded in 2023. The company’s statement of profit or loss and other comprehensive...