Nigeria’s Agricultural Export Records 18.5% Increase in 2022 Nigeria’s total agricultural export in 2022 was N598.2bn, accounting for 18.5 per cent increase when compared to the figure recorded in 2021. However, there has been concern among economic and financial experts over Nigeria’s paltry agricultural exports revenue...

Dangote Refinery to Receive Crude Oil from United States The $20 billion Dangote Refinery has concluded plans to import crude oil from the United States in the coming months. Already, traders’ familiar with the matter disclosed that Trafigura Group has sold two million barrels of WTI...

Despite $500m to Address Verified FX Backlog, Naira Plunges to N1,500 Per Dollar The free fall of the Naira continued at the parallel market as the United State Dollar exchanged for N1506/$ yesterday from the N1,410 it sold the previous day despite the release of...

FGN Savings Bond Draws Investors with 19% Rise Investors’ interest in the FGN Savings Bond seems to be growing as the value of subscription rose by 19.3 % to N17.9 billion Year-on-Year (YoY) as at end December 2023, a situation attributed to favourable interest rate...

Dangote, BUA, Others Lift Investors’ Gain to N4.3trn The exponential appreciation in equities at the Nigerian Exchange Limited (NGX) continued last week as demand for blue chips and dividend paying stocks, such as Dangote Cement, BUA Cement, BUA Foods among others increased across the major...

Motor Vehicle Imports, Others Record Extensive Decline As naira continues to depreciate, Nigeria’s motor vehicle imports recorded a massive 32 per cent decline in 2023 with total imports through the Nigerian ports at 132,293 units, from 194,550 recorded in 2022. Findings from the Nigerian Ports Authority...