Diaspora Remittances Into Nigeria Drop By 27% To $12.9bn
Diaspora remittances into Nigeria fell by 27 percent, year-on-year (y/y) to $12.9 billion as at September 2020 from $17.6 billion in the corresponding period of 2019.
The 27 percent decline is 3.9 percentage points higher than the...
Oil Prices: Afreximbank Predicts 10% Rise In 2021
Oil prices are expected to rise around 10 per cent over the next year, according to the Afreximbank African Commodity Index for the third quarter of 2020.
The index, which measures commodity prices every quarter, said the oil...
BoI Concludes $1bn Syndicated Term Loan
The Bank of Industry has announced the successful conclusion of a landmark $1bn loan syndication transaction aimed at improving the capacity of the bank to effectively support Micro, Small, Medium and Large enterprises across key sectors.
According to a statement...
Nigeria’s Duty-free Export To US Shrinks To $351.73m
Nigeria’s export to the United States under a duty-free policy declined in the first nine months of 2020, recording $351.73m from January to September.
According to the latest African Growth and Opportunity Act policy trade statistics, exports to...
Nigeria Imports N1.62trn Petrol In Nine Months
Nigeria spent a total of N1.62tn on the importation of Premium Motor Spirit (petrol) from January to September, the latest data obtained from the National Bureau of Statistics have shown.
The country spent N1.72tn on petrol imports in the...
Kano Agric Project To Spend $3.33m On 100,000 Farmers
Kano State Agro-Pastoral Development Project, KSADP, and the Kano Agricultural and Rural Development Authority, KNARDA, have launched collaboration for the implementation of agricultural interventions worth 3.23 million US dollars.
2.23 million US dollars is coming from the...
