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Facts & Figures

Maritime Exports Outpace Imports by 39% in 2024 – NBS

Maritime Exports Outpace Imports by 39% in 2024 - NBS   Goods exported via maritime transport exceeded imports in the same category by 39.76 per cent in 2024, a sharp deviation from other modes of foreign trade transport. This highlights the fact that importers avoided delay...

Nigeria’s Telecom Industry Records $7.6bn Revenue in 2024

Nigeria's Telecom Industry Records $7.6bn Revenue in 2024   According to a report by PwC, Nigeria's telecommunications sector experienced substantial growth in 2024, with mobile service revenue totaling $7.6 billion. The report also showed that the global telecommunications industry is projected to generate $1.3 trillion in total...

Inflation Rate Drops to 24.48%

Nigeria’s headline inflation has dropped to 24.48 per cent year on year in January 2025. This is a sharp decline from the 34.80 per cent.

PRNigeria Fact-Check Exposes Misleading Claim by Buhari on Rental Income for Feeding

PRNigeria Fact-Check Exposes Misleading Claim by Buhari on Rental Income for Feeding In a recent statement that sparked widespread debate, former Nigerian President Muhammadu Buhari claimed that he relies on rental income from one of his houses in Kaduna State to support his living expenses...

Report Reveals MDAs’ N22bn Solar Installation Expenditure

Report Reveals MDAs' N22bn Solar Installation Expenditure   Nigeria's federal ministries, departments, and agencies spent a staggering N22,782,065,914.14 on solar power installations across the country in 2024. This significant investment in renewable energy was revealed through records accessed on BudgIT's accountability platform, GovSpend. The expenditures, aimed at boosting...

Nigeria’s IMTO Inflows Jump by 63.7% in Nine Months – CBN

Nigeria's IMTO Inflows Jump by 63.7% in Nine Months - CBN   According to the Central Bank of Nigeria (CBN) the country witnessed a significant surge in international money transfers, with inflows from International Money Transfer Operators (IMTOs) rising by 63.7% during the first nine months...