EU Raises Schengen Visa Fee by €10 More expenses await African nationals seeking visas to enter the European Union as the EU plans to increase visa fees starting Tuesday, according to Schengen visa statistics released on Saturday. The report stated that starting from Tuesday; African nationals...

Food, Beverage Import Bill Rises to N1.59trn in Q1 2024 – NBS Nigeria’s food and beverage import bill increased by 30% from N 1.21 trillion in the fourth quarter of 2023 to N1.59 trillion in the first three months of 2024. This is according to the...

Expenditure on Fuel Import Increases by 46% in Q1 2024 Nigeria’s expenditure on fuel soared to N2.6 trillion in the first quarter of 2024, representing a 46% increase from the fourth quarter of 2023. This data comes from the latest foreign trade report by the National...

FG Recovers N12.7bn Metering Funds from Local Supplier after 21 years – Adelabu The Minister of Power, Adebayo Adelabu, has revealed how his ministry recovered the sum of N12.7 billion from a local supplier 21 years after payment by the federal government. Adelabu made this disclosure...

Enforce ‘No-meter, No-service’ Policy on New Electricity Connections, States tell FG State governments have urged the Federal Government (FG) to enforce a “no-meter, no-service” policy for all new electricity connections in an effort to tackle the metering issues within Nigeria’s power sector. This call to action...

Nigeria’s Trade Surplus Hits N6.52 trillion in Q1 2024 Nigeria’s foreign trade statistics report for the first quarter of 2024 reveals a significant trade surplus of N6.52 trillion. This is a significant recovery from the N1.41 trillion trade deficit recorded in the previous quarter (Q4 2023)...