Nigeria’s Crude Oil Export Falls By 1.6m Barrels In May   Nigeria’s crude oil export fell by 1.6 million barrels in May, representing a 6.8 per cent decline from data for April export, according to figures obtained from the Central Bank of Nigeria (CBN). The CBN, in...

All Commodity Group Import Index Down By 0.46% The All Commodity group import index decreased by -0.46 per cent between January and March 2019, due to the fall in prices of live animals, animal products, products of chemical and Allied industries, and wood and articles...

2018 Budget Underfunded By N2.1trn, Investigations Reveal The inability of the Federal Government to generate enough revenue to finance its operations had resulted in a N2.1trn financing gap of the 2018 budget. The 2018 budget, signed by President Muhammadu Buhari on June 20 last year, had...

After MTN Listing, Stock Market Gains 6.5% In May The Nigerian equities recorded a growth of 6.5 per cent in May, compared with a decline of 6.06 posted in April. The market, which had been bearish for the most part of year, was heading for another...

In Three Months, Manufacturing Sector’s Output Drops By N78bn The manufacturing sector recorded a decline of about N78bn in output in the first quarter of this year, figures obtained from the National Bureau of Statistics have revealed. An analysis of the Gross Domestic Product report prepared...

Banking: E-payments Hit N34.02trn In 2019 Q1, Says NBS A total of 557,083,712 electronic-payment transactions valued at N34.02trn were recorded in selected banks across the country in the first quarter, 2019, Nigeria’s statistics bureau has said. The National Bureau of Statistics (NBS) said this in a...