Aviation Sector Leads With N117bn Contribution To GDP In H1, 2022 - NBS   The aviation sector has contributed more to the Nigerian economy in the first half of 2022 with at least N117.3 billion, said the National Bureau of Statistics (NBS). The NBS, in the Nigeria...

Despite Ukraine War, Nigeria’s Russian Imports Increase By 143%   Amid the attacks on Ukraine, Nigeria has increased its imports from Russia by 143.21 per cent, according to the foreign trade report of the National Bureau of Statistics for the second quarter of 2022. It was observed...

Inflation Looms As Manufactured Goods Drop By 36% To N2.87trn   The value of manufactured goods traded tumbled by 36 per cent from N4.51tn in the second quarter of 2021 to N2.87tn in the corresponding period of 2022. This is according to the foreign trade report by...

ICT as a Colossal Symbol of Nigeria’s Digital Economy By Fom Gyem Information Communication Technology (ICT) has been acknowledged as a source of energy and a growth engine for the social and economic empowerment of the nation. In order to increase its equity in developing the...

Nigeria Spent $5.26bn Importing Generators, Others- ITC The International Trade Centre data has revealed that Nigeria spent $5.26bn importing electric generating sets, electric transformers, vacuum cleaners, hair clippers, and other electrical machinery and equipment in 2020 and 2021. In a recent report, the National Bureau of...

In Five Years, Banks Attracted $15.8bn Foreign Capital Flow   From 2017 till the end of last year, Nigeria’s banking sector received a total of $15.83 billion in foreign capital, a telling reflection of the sector’s attraction to the international market. The figure represents 23 per cent...