Nigeria’s Total Trade For Q2 2022 Stands at N12.841bn - NBS The National Bureau of Statistics(NBS) says Nigeria’s total merchandise trade stands at N12,841.54 billion, in the second quarter of 2022. This is according to the NBS Foreign Trade in Goods Statistics Report for Q2 2022...

Foreign Capital Importation Declines to $1.54bn in Q2 The total value of capital importation into the country declined by 2.40 per cent to $1.54 billion in the second quarter of the year (Q2 2022) compared to $1,57 billion in the preceding quarter, the National Bureau...

Amid Uncertainty, Investors Lose N283b in August Despite improved earnings and dividend announcements from listed companies, uncertainty in the global economy, coupled with prevailing macroeconomic challenges in the country, especially insecurity and low purchasing power, the 2023 election fear has continued to take a toll...

Finance Minister: FG Spends N18.397bn On Petrol Subsidy Daily The Minister of Finance Budget and National Planning, Zainab Ahmed, has said the federal government is spending N18.397bn daily on fuel subsidy and putting the Country in dire financial stress. Nigeria must at a point take the...

IMF Pegs Capital Outflows From Nigeria, Other Emerging Markets At $50b The International Monetary Fund (IMF) estimated the volume of capital that has left emerging markets, including Nigeria, following the ongoing interest rate cycle at $50 billion. It linked the flight, which it described as a...

FG To Reinstate Cocoa Board, Improve Farmers’ Earnings The Federal Government yesterday inaugurated the National Cocoa Management Committee (NCMC) to see to the re-establishment of the Nigeria Cocoa Board and also ensure Cocoa farmers benefit from the Living Income Differential (LID) of $400 per tonne...