Nigeria Imported $50.3bn Worth Of Goods In 2020
Nigeria imported $50.3 billion worth of goods last year, the International Trade Centre (ITC) has said.
The trade map by ITC showed that imports were $4,417,805,000 in January, $3,685,091,000 in February; $4,165,950,000 in March; $2,954,555,000 in April; $3,493,388,000...
Nigeria Going through Its Worst Unemployment Crisis - W/Bank
Nigeria is currently going through one of its worst unemployment crises in recent times, a new report by the World Bank has stated.
The multilateral institution also noted that the socio-economic challenges facing Nigerians in the last...
Economy Shrank In May Amid Low Purchasing Power – CBN
The Purchasing Managers Index revealed that the Nigerian economy contracted in May, according to data obtained from the Central Bank of Nigeria on Thursday.
The personal statements of some members of the Monetary Policy Committee indicated...
Nigeria Lost N53.26bn To Gas Flaring In Two Months – NNPC
Nigeria lost an estimated N53.26bn in the first two months of this year as international oil companies and local players flared a total of 33.04 billion standard cubic feet of natural gas.
The oil companies...
In Five Years, Nigeria Lost $10.8bn In Telecom Sector
Nigeria lost $10.8bn in the last five years to capital flight in the telecommunications sector amid lingering foreign exchange scarcity in the country.
In its ‘National Policy for the Promotion of Indigenous Content in the Nigerian Telecommunications...
ECOWAS Advices Nigeria To Raise VAT On Hotels, Others
The Economic Community of West Africa States has canvassed an increase in the Value Added Tax on luxury items including perfume, wine and other alcoholic beverages, fuelling speculations about inflation on the items.
According to ECOWAS, Nigeria...
