Amid FX Crisis, Nigeria Imports 60.4bn Litres Of Petrol In 32 Months With zero local production of petrol in the 32 months spanning January 2021 to August 2023 and amid dwindling FX inflow, Nigeria imported 60.428 billion litres of petrol from Europe. However, data obtained from...

Egypt Acquires $35 billion UAE Investment Deal On Friday, Egypt revealed a $35 billion investment deal with the United Arab Emirates (UAE) to develop the Ras El Hikma peninsula. This signals a new era of economic revitalization and foreign investment attraction that could serve as a...

Nigeria, Brazil to Deepen Bilateral Relations As Trade Plunge by $8bn Nigeria and Brazil are considering the possibility of establishing direct flight operations between their respective financial capitals of Lagos and São Paulo, respectively. Both countries also reaffirmed their commitment to deepening bilateral relations mainly to...

Averting Food Riots in Nigeria, by Salisu Na’inna Dambatta   The decision by the Federal Government to release 102, 000 metric tons of grains from the national food reserves and import foodstuff symbolises a willingness to address the current spikes in the prices of food, energy...

Addressing Economic Hardships in Nigeria: Pathways to Stability and Prosperity, by Jamilu Ja’afaru PhD   Amidst the myriad of challenges facing Nigeria, persistent economic hardships have continued to undermine the nation's potential for growth, development, and stability. From high levels of poverty and unemployment to regional...

ECOWAS: Illegal Mining Denies Nigeria 91% Of Sector Revenue Dr. Mohamed Sidie Tunis, the Speaker of the Economic Community of West African States (ECOWAS) Parliament, has revealed that Nigeria loses 91 per cent of its revenue from the mining sector to illegal miners. The Speaker stated...