Cooking Gas Price Increases by 69% in August  The average retail price for refilling a 12.5kg cylinder of Liquefied Petroleum Gas (Cooking Gas) increased by 69.15% from N9,194.41 in August 2023 to N15,552.56 in August 2024, on a year-on-year basis. According to the National Bureau Of...

CBN Allocates $2.9bn to Oil Sector The Central Bank of Nigeria (CBN) has released a total sum of $2.97bn to oil sector players for the importation of petroleum products and other related items into the country. The amount released between 2022 and the first quarter of...

Rail Transport Earns N1.69 billion in Q2 – NBS The Nigerian rail system generated N1.69bn in revenue from passengers in the second quarter of 2024, reflecting a 53.14 per cent increase compared to the N1.10bn recorded in the same period of 2023. This data was disclosed...

Nigeria’s Inflation Declines by 1.23% in August – NBS The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate further declined to 32.15 per cent in August 2024. The NBS said this in its Consumer Price Index (CPI) and Inflation Report for August 2024, which...

N6.95trn Trade Surplus: New Era of Prosperity Beckons - Tinubu President Bola Tinubu has welcomed the National Bureau of Statistics (NBS) 's new report on the country’s trade balance. According to the report, Nigeria recorded another trade surplus in the second quarter of 2024, hitting N6.95...

FG Unveils Strategy to Generate $100bn from Creative Economy The Federal Government has unveiled details of its strategic plans to generate at least $100bn and create over two million jobs from Nigeria’s creative economy yearly. The Minister of Art, Culture and the Creative Economy, Hannatu Musawa,...