Food Importation Gulps $689.88 million in Q1 2024 The import of food products gulped about $689.88 million in the first quarter of 2024, which is about 17% of the total foreign exchange (FX) spending on imports. This is according to the sectoral utilization of foreign exchange...

FG's Non-oil Savings Rise by 304.1% – NBS The Federal Government’s savings in its non-oil excess account increased by 304.1 per cent in the first year of the current administration. This is according to an analysis of the monthly Federation Allocation Accounts Committee (FAAC) report released...

Nigeria’s Spending on Jet Fuel Importation Drops by 87% to N31bn - NBS   Nigeria’s spending on kerosene type jet fuel importation fell quarter-on-quarter (QoQ) by 87 percent to N31 billion in the first quarter of 2024 (Q1’24) from N239.18 billion in Q4’23. Meanwhile, according to a...

Oil Sector Foreign Investments Dips by 0.5% Nigeria's foreign capital investments in the oil and gas sector has dropped from $720m in 2016 to $3.64m in the entire 2023, this is representing a 0.5 decrease in the industry. According to a report by the National Bureau...

Addressing Corruption in Nigeria’s Health Sector Chinedu Moghalu Early this month, the Nigerian Bureau of Statistics (NBS) and the United Nations Office on Drugs and Crime (UNODC) published the “Report on Corruption in Nigeria: Patterns and Trends,” being the third survey on corruption as experienced by...

What you Need to Know About Nigeria’s 2024 Half-year Inflation Report By Zekeri Laruba Idakwo Nigeria's inflation rate has skyrocketed to a staggering 34.19% in June 2024, marking the highest reading since March 1996. This alarming surge is likened to a wildfire, spreading rapidly and leaving...