LCCI Decries High Importation of Loans, Bonds in Manufacturing Sector The Lagos Chamber of Commerce and Industry (LCCI), yesterday, noted that the capital imported into the manufacturing sector in the first half of the year was largely in the form of loans and bonds, reflecting...

Portfolio Investment Drops by 83.54% in Q2, Says NBS The National Bureau of Statistics report shows that portfolio investment into Nigeria declined by 83.54 per cent in the second quarter of this year to $106.85m from $ 649.28m in the first quarter. This was revealed in...

Nigeria Borrowed $1.21bn as 28 States Failed to Attract Foreign Investments     Nigeria relied on foreign borrowing ($1.21bn) to boost its capital importation in the first six months of 2023. This is as 28 states failed to attract any foreign investments in the time under review, according...

Foreign Investment Inflow Falls by $18.6bn in Four Years Foreign investment inflow into Africa’s largest economy declined by $18.6bn in four years (2019-2022), according to National Bureau of Statistics. Also in the review period, eight states in the federation failed to attract any form of foreign...

Domestic Airfares Rise 21% to N79k in One Year - Report The National Bureau of Statistics (NBS) says the average price of domestic flight tickets in Nigeria rose to N79,011 in a year. The NBS disclosed this in its recent ‘Transport Fare Watch’ report for August...

Food Prices up 31% in 1 Year - NBS The National Bureau of Statistics report says food prices jumped by 31 per cent in 12 months from July 2022 to July 2023. According to the analysis of NBS report titled ‘Selected Food Price Watch,’ Ebonyi and...