Nigeria’s Raw Material Imports Rise To N2.4trn
Nigeria spent at least N2.4tn to import raw materials from other countries in 2022, according to data collated from Foreign Trade Statistics of the National Bureau of Statistics (NBS).
The data also showed that Nigeria exported raw materials to...
Nigeria Records First Foreign Portfolio Surplus In Five Years
Nigeria’s foreign portfolio investments (FPIs) status has witnessed a major turnaround with yearly inflows outweighing outflows for the first time in five years.
Latest annual trading data on FPI showed that foreign investors bought more Nigerian stocks...
Ramadan: Chief Imam Urges CBN to Release More New Notes
The Chief Imam of Nurul Yaqeen Jumma’at Mosque Life Camp, Abuja, Sheikh Yahya Al-Yolawi, on Friday called on the Central Bank of Nigeria (CBN) to release more redesigned naira notes as the months of Ramadan...
Bayelsa Residents Protest Over Rejection of Old N500, N1000 Notes
Residents of Akenfa community, in Yenagoa Local Government Area of Bayelsa State, on Friday, took to the streets to protest the continued rejection of the old N500 and N1000 notes by traders in the state.
The...
Kogi Gov't Orders Arrest of Persons Rejecting Old Notes
The Kogi State Government on Friday ordered the arrest and prosecution of individuals and businesses rejecting the old naira notes.
A statement by Commissioner for Information, Kingsley Fanwo congratulated Nigerians on the “historic ruling of the Supreme...
Sales of Crude Oil Rise by 46% to N21tn - NBS
Nigeria’s crude oil sales rose by 46.41 per cent to push Nigeria’s total export to N26.79tn in 2022.
This is as total trade rose by 31.79 per cent from N39.75tn in 2021 to N52.39tn in...
