The devaluation of the naira slashed Nigeria’s trade deficit by 44 per cent to N196.5bn in June, from N351.3bn in March, the National Bureau of Statistics said on Tuesday. The bureau said the value of exports increased by 63 per cent to N1.9tn in the...

Twenty Deposit Money Banks (DMBs) are expected to fire at least 10,000 out of their estimated 110,000 workers before the year-ends, The Nation has learnt. This becomes exigent as the impact of trade balance deficit recorded in the first quarter of this year begins to...