As Sell-offs Persist, Stock Market Investors Lose N89bn The nation’s stock market continued its downward trend as investors recorded more losses at the end of trading on the floor of the Nigerian Stock Exchange on Monday. The market capitalisation of equities listed on the NSE dropped...

Imported Raw Materials Gulp N837bn In Eleven Months Local sourcing of raw materials has dropped significantly since the country emerged from recession and manufacturers could access foreign exchange. The Manufacturers Association of Nigeria confirmed this in its perspectives on the 2019 budget. “The aggregate local sourcing of...

In 9months, Nigeria Loses A Total N197bn To Gas Flaring Oil and gas firms operating in the country flared a total of 215.9 billion standard cubic feet of natural gas in the first nine months of last year, amounting to a potential loss of N197bn. Data...

NBS Names India As Nigeria's Biggest Trading Partner In Q3 ' 2018 India was Nigeria’s biggest trading partner in the third quarter of 2018, gulping N719.2bn of crude and N37.7bn of natural gas exports from the country. India also bought cashew nuts worth N4.7bn. The News...

Nigerians Fear Weaker Economy From Rising Inflation - CBN Report Respondents in a survey carried out by the Central Bank of Nigeria’s Statistics Department in the fourth quarter of 2018, showed that more Nigerians were sceptical of the country having a weaker economy from rising...

Manufacturing Sector Tops In N273bn VAT Generated In Q3'2018, Says NBS The manufacturing sector had the highest contribution to the Value Added Tax generated in the third quarter of 2018, the latest data obtained from the National Bureau of Statistics on Tuesday revealed. The figures, showed...