Data from the National Bureau of Statistics (NBS) showed imports remained significant across all quarters, with values of ₦125bn in Q1, ₦117bn in Q2, ₦92bn in Q3, and ₦101bn in Q4.
The Dangote Petroleum Refinery has assured Nigerians of adequate fuel supply, but warned that it may export products if it continues to rely on imported crude.
The Managing Director of the Nigerian Communications Satellite (NIGCOMSAT), Jane Egerton-Idehen, has announced that President Bola Ahmed Tinubu has approved two additional communication satellites, NIGCOMSAT 2A and 2B, for Nigeria’s space programme.
Saudi Arabia’s oil officials are privately warning that crude prices could surge beyond $180 per barrel if disruptions to global energy supplies caused by the Iran war persist past late April.
The Centre for the Promotion of Private Enterprise (CPPE) has warned that Nigeria’s small and medium enterprises (SMEs) face a ₦48tn financing gap, despite recent banking sector reforms.
