Nigeria's Total External Trade Rises to N6.9tn in Q2, Says Shettima Vice President Kashim Shettima has stated that trade facilitation programmes implemented by the current administration increased the country’s trade balance to N6.5tn in the second quarter of 2024. He said efforts to maximise economic opportunities...

IMF, W’Bank Working to Destroy Nigeria’s Varsities, Says ASUU Chair The Academic Staff Union of Universities President, Prof Emmanuel Osodeke, has raised an alarm over a plot to sabotage the interest of public universities in the country. He stated this at an event marking the 2024...

IPMAN: Marketers Begin Purchase of Petrol at N990/litre from Dangote Refinery The Independent Petroleum Marketers Association of Nigeria has revealed that over 30,000 of its members are ready to buy Premium Motor Spirit, popularly called petrol in bulk, from the Dangote Petroleum Refinery. IPMAN also disclosed...

Petrol Pump Price May Drop as Marketers Secure Agreement With Dangote   The Independent Petroleum Marketers Association of Nigeria (IPMAN) has secured an agreement with Dangote Petroleum Refinery to lift products directly. This, according to the association, will ensure the availability of petroleum to Nigerians at a...

Nigeria’s Oil Export Earnings Decline to $12.1bn   Nigeria’s crude oil export earnings slumped to $12.1 billion in Q2, 2024 as against $12.4 billion in the preceding Q1, reflecting the decline in domestic crude oil production to 1.27 million barrels per day in Q2, 2024 from...

Report Reveals Naira May Weaken to N1,993/$1   The naira is forecasted to depreciate to N1,993 against the United States dollar by 2028, posing a significant challenge to Nigeria’s pharmaceutical industry, particularly in importing essential medical devices, a new report by BMI, a Fitch Solutions subsidiary,...