Inflation Increases to 34.60% in November – NBS Nigeria’s headline inflation increased to 34.60 percent in November, the National Bureau of Statistics (NBS), has stated. A report by the bureau said the headline inflation rate showed an increase of 0.72% points, compared to the 33.88 percent...

Dangote Refinery Extends Export to Three African Countries The Dangote refinery has exported Premium Motor Spirit (petrol) to Cameroon, Angola, Ghana, and South Africa in the past few weeks. The Vice President of Oil and Gas, Dangote Industries Limited, Devakumar Edwin, disclosed this while playing host...

FG Secures $600m Agriculture Loan The Federal Government, through the Ministry of Agriculture and Food Security, has secured over $600m in foreign agricultural loans in 2024 to boost food security and rural development. According to information from the ministry’s website, the government obtained a $134m loan...

NRC Generates N1.70bn in Q3 The Nigerian Railway Corporation (NRC) generated N1.70bn from passengers in the third quarter of 2024, an increase of 13.83% from the N1.49bn billion recorded in the same period last year. A report by the National Bureau of Statistics (NBS) said the...

FG Expenditure Exceeds Revenue by N4.5tn– Report The Federal Government’s expenditure exceeded its accrued revenue in the first six months of 2024, resulting in a budget deficit of N4.53tn, a new report from the budget office has indicated. The deficit spending was driven by a 73.91...

Nigeria Exports N181.62bn Electricity in 9 months - NBS Nigeria exported N181.62bn worth of electricity from January to September of 2024, analysis of data from the National Bureau of Statistics (NBS) has shown. A breakdown showed that N58.65bn was exported to Togo, Benin and Niger Republic...