FG's Non-oil Savings Rise by 304.1% – NBS The Federal Government’s savings in its non-oil excess account increased by 304.1 per cent in the first year of the current administration. This is according to an analysis of the monthly Federation Allocation Accounts Committee (FAAC) report released...

CAP Post-Tax Profit Decline by 42% Chemical and Allied Products Plc has reported a 42 per cent decline in profit after tax for the second quarter of 2024. The company’s post-tax profit fell from N895m in Q2 2023 to N517m in Q2 2024, driven by escalating...

Vehicle Importation falls 60.8% in H1 2024 – NPCC The number of vehicles imported into the country fell sharply by 60.4 per cent, year-on-year, YoY, to 10,991 in the first half of this year, H1’24, reflecting the impact of the naira depreciation and general economic...

Manufactured Goods Imports Surge by 139% to N5.74trn The importation of manufactured goods into Nigeria surged astronomically by 139 per cent, year-on-year (YoY), to N5.4 trillion in the first quarter of 2024 (Q1’24) from N2.40 trillion in the corresponding period of 2023 (Q1’23). Stakeholders have attributed...

Public Officials Received N721bn Bribe in 2023 – NBS According to a report by the National Bureau of Statistics (NBS), no fewer than N721bn was received as bribe by Nigerian public officials in 2023. The report released on Thursday titled, “Corruption in Nigeria: Patterns and Trends”,...

Pension Funds Increase by 2.23% in May – PenCom The value of pension funds in Nigeria increased by 2.23 per cent month-on-month to cross the N20tn mark to N20.23tn in May 2024. According to the unaudited report on the pension funds industry portfolio for the period...