Palm Oil Imports Drop 26% as Local Production Rises  The National Bureau of Statistics report shows that Nigeria’s crude palm oil (CPO) imports fell by 26.2 percent in 2024, driven by a surge in local output following increased investments in domestic production. Nigeria’s CPO import declined...

Foreign Inflows Drive Banking Capital to $3.1bn in Three Months Capital importation into Nigeria’s banking sector surged to over $3.1bn in the first quarter of 2025, according to data released by the National Bureau of Statistics on Tuesday. NBS data also showed that the manufacturing sector...

The real estate sector’s valuation has climbed to N41.3tn, highlighting its rising contribution to the nation’s economy.

The Manufacturers Association of Nigeria (MAN) has called on the federal government not to see the nominal increase of 18.3 per cent year-on-year Gross Domestic Product (GDP) growth recorded.

Economists have noted that productivity remains a challenge in the Nigerian economy, despite the rebasing of the Gross Domestic Product, which has boosted the economy to N372.8tn.

Edun Hails Rebasing, Q1 2025 GDP Growth as Catalyst for Sustained Economic Takeoff The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has welcomed the release of Nigeria’s rebased 2024 Gross Domestic Product (GDP) figures alongside a 3.13% year-on-year growth estimate...