Nigeria Spends N1.47trn On Petrol Imports In Six Months         The amount spent on the importation of Premium Motor Spirit (petrol) in the first half of this year jumped to N1.47tn, which is more than 73 per cent of what was incurred in the whole of...

Nigeria’s Foreign Trade Deficit Drops To N1.9trn       Nigeria’s foreign trade deficit narrowed by 110.9 per cent to N1.87 trillion in the second quarter (Q2) compared with the first quarter on account of an increase in the value of oil export. According to foreign trade data released...

Despite Drop In Inflation, Foodstuff Prices Rise In Kwara     Despite the consistent drop in the inflation rate in the country, the prices of foodstuff have continued to rise in Kwara State. The National Bureau of Statistics (NBS) on Tuesday through its latest Consumer Price Index (CPI)...

In One Year, IT Investments Decline By $53m     Despite intensive promotion of the nation’s technology sector, investments in the information technology services subsector tumbled from $74.74m at the end of 2019 to $21.68m as of December 31, 2020. This is according to analysis of the capital...

Mixed Reactions As Inflation Falls To 17.38%       The headline inflation slowed for the fourth consecutive month in July from a year-on-year (YoY) growth of 17.75 per cent reported in June to 17.38 per cent. This was contained in the consumer price index (CPI) released by the...

Fed Govt Generates N864.71bn CIT In Six Months       The National Bureau of Statistics (NBS) yesterday said the Federal Government raked in a total of N864.7 billion Company Income Tax (CIT) in the first six months of 2021. The Economic Confidential learnt from the “Company Income Tax...