Despite Zero FDI 14 States Spend N21bn on Foreign Trips Reports on foreign trips from state budget performance data has revealed that 14 state governments failed to attract any form of foreign investments into their domains despite spending at least N21.04bn on foreign trips in...

Nigeria’s Inflation Hits 28.92% Amid High Food Prices Nigeria’s annual inflation rate rose to 28.92 per cent in December 2023 from 28.20 per cent in November, the National Bureau of Statistics (NBS) said Monday. The statistics office said the December 2023 headline inflation rate showed an...

Naira Scarcity: Nigerians Groan Over Prices Of Food, Medicines   Amid soothing promises by the Federal Government to make the economy better, Nigerians seem to experience the opposite. For starters, the naira scarcity horror that dampened yuletide fun has continued in the new year, making 2024 take...

NBS Blames Inflationary Figures on Rising Food Prices  By Zekeri Idakwo The latest food price watch data from the National Bureau of Statistics (NBS) indicated a continued rise in the cost of staple foods such as rice, beans and beef, which had a significant impact on...

Price of Local Rice Rises 73% in 2023 – NBS The increasingly high cost of production, transportation and other factors have caused the price of one kilogramme of local rice to jump by 73.2 per cent in one year. This happened despite a multi-billion naira funding...

Five States, FCT Attract $654.65m Foreign Investments   Five states and the Federal Capital Territory, Abuja, attracted a total of $655.4 million as capital importation in the third quarter (Q3) of 2023. Foreign investors brought in their investments only into Lagos, FCT, Abia, Ogun, Akwa-Ibom and Ekiti...