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...

Naira Exchanges for N1,535/$ in Parallel Market The Naira yesterday depreciated in the parallel market to N1,535 per dollar from N1,520 per dollar on Wednesday. Similarly, the Naira depreciated to N1,520.24 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the...

Capital Importation Hits $3.3b in One Year The National Bureau of Statistics (NBS) said in the first quarter 2024 total capital importation rose to $3.3billion from $1.1million recorded in the first quarter of 2023 (Q1 2023). This was contained in its report titled: “Nigeria Capital Importation...