Nigeria’s Trade Surplus Hits 7% to N6.9tn in Q2 - Report Nigerian foreign exchange earnings grew in the second quarter of 2024 based on strong export performance as the foreign trade surplus increased to N6.95tn. A trade surplus is an economic measure of a positive balance...

9.7% Interest on Dollar Bond Gains Oversubscription by $400m - Experts Experts have attributed the oversubscription recorded in the first dollar-denominated domestic bond to the attractive yields of the $500m bond just as they called for judicious utilisation of the proceeds in critical sectors that...

Crude Oil Exports Rise 75% to N14.56tn in Q2 - NBS  The Nigeria Bureau of Statistics says crude oil exports contributed N14.56 trillion to the country’s total exports in the second quarter of the year, making up 74.98 per cent of the total export value. The...

Marketers, Refiners, Others Call for Total Subsidy Removal Petroleum marketers, refiners, and depot owners in Nigeria have called for the full deregulation of the downstream oil sector, seeking to end government price controls due to subsidies. The Major Energies Marketers Association of Nigeria, in collaboration with...

Afenifere, a pan-Yoruba social-cultural organization, raised its concerns about the Bola Tinubu administration's labeling of hunger protests as treason. They said it betrayed citizens' inalienable right to protest logically. 

The first-ever foreign-currency domestic bond issued by Nigeria has garnered a significant response, with $900 million in subscriptions secured.