NBS: The economy seems to be on its way to recovery as inflation rate dropped in February falling to 17.78 percent. It is the lowest level in 15 months and driven by a slower rise in general price levels, the National Bureau of Statistics said. The...

The federal government on Wednesday expressed optimism that the Nigerian economy was on the path of recovery, assuring the public that the country would crawl out of recession before the end of the year. Making this disclosure while briefing journalists at the end of the...

Nigeria’s Total Trade Value for 2016 hits N17.34 Billion The value of Nigeria’s total trade for 2016 amounted to N17.345.0 billion which is 6.5% higher than the value recorded for the year 2015, Economic Confidential can report authoritatively. Latest report issued by the National Bureau of...

Nigeria has recorded a trade balance of N290.13 billion out of the total trade value of N17.34 trillion recorded in 2016. The Foreign Trade Statistics for the last quarter of last year (2016) released by the National Bureau of Statistics (NBS) showed that Nigeria imported...

There are now indications that the Nigerian economy is well on its way out of recession considering the 2016 overall and last quarter Gross Domestic Product reports. A review of the recent GDP figures released by the National Bureau of Statistics, NBS, show a contraction...

Borrowing has become fashionable in Nigeria for states to test their viability by going to the credit market to borrow money, even for consumption purposes or just to satisfy kleptocratic urge. The Federal Government serves as the route and the surety for such loans....