Nigeria, China Trade Deficit Rises N7.54tn - NBS The trade balance between Nigeria and China increased to N7.54tn in the first nine months of 2023. According an analysis of data from the National Bureau of Statistics, the bilateral trade deficit in favour of China is widening,...

NNPCL Board Sets 2mbpd Target as Tinubu Inaugurates 11-Man Board President Bola Tinubu has inaugurated the 11-man board and management team for the Nigerian National Petroleum Company Limited (NNPCL) with a charge on the board members to focus on profitability, increased production, and robust governance. Speaking...

Port Harcourt Refinery Ready This Month - NNPC The end of December timeline for mechanical completion of the Port Harcourt Refinery Company (PHRC) remains sacrosanct, says the Nigerian National Petroleum Company Limited (NNPCL). “We have said from time that by the end of December, the mechanical...

Cash Crunch Persists Amid N3.4trn in circulation As current naira scarcity enters its third week, economic experts including Dr Muda Yusuf, CEO of the Centre for Promotion of Private Enterprise (CPPE) has asked the Central Bank of Nigeria (CBN) to find a lasting solution to...

Naira Appreciates By 23.5% Despite Rising Inflation   Despite Nigeria’s headline inflation rate nearing 30 per cent, the Naira appreciated 23.5 per cent leading to projections by experts that FX liquidity conditions are expected to remain tight, pending receipt of expected FX inflows. Nigeria’s headline inflation rate...

Investors Gain as Positive Trading Lifts Equity Market By N464bn   After recording four bullish trade sessions last week, investors in the Nigerian Exchange gained N464 billion. The market opened on a positive note and sustained the sentiment till Thursday, with investors earning N501 billion in the...