Nigeria Imports N13.7trn Manufactured Goods In Nine Months   Manufactured goods valued at N13.7tn were imported into Nigeria from January to September this year, data from the National Bureau of Statistics show. The country exported N757bn worth of manufactured goods in the nine-month period, accounting for 0.06...

Foreign Trade Records N3.02trn Deficit In Q3, 2021   Nigeria’s total external merchandise trade recorded a N3.02 trillion deficit in the third quarter of the year (Q3 2021) as imports significantly outweighed exports, leading to unfavourable trade balance, the National Bureau of Statistics (NBS) said yesterday. However,...

Reps Order Audit Of NNPC Assets, Liabilities, Probe IoCs Over N2.6trn Debts     The House of Representatives has called for an audit of the assets and liabilities of the Nigerian National Petroleum Corporation before it is fully privatised. At the plenary on Wednesday, the House resolved to...

Banks’ Borrowing From CBN Rises To N24.53trn In 11 Months     The scarcity of liquidity has forced banks and merchant banks to aggressively depend more on the Central Bank of Nigeria (CBN) for short-term liquidity needs, leading to N24.53 trillion borrowing from the apex bank between...

Nigeria To Benefit From $4.7trn Digital Service Export Market   The National Information and Technology Development Agency (NITDA) and Nigerian Export Promotion Council (NEPC) have forged an alliance that could enable Nigeria to benefit from the yearly $4.7 trillion exportation of digital services. This alliance is in...

Report Says Nigeria, 12 Others’ll Grow Global Trade To $30trn   A new report commissioned by Standard Chartered and prepared by PwC Singapore has said Nigeria and 12 other countries will be responsible for driving global trade to $30tn by 2030. The report said global exports would...