Nigeria’s Foreign Trade Posts N927.2 billion Surplus Nigeria recorded a total foreign trade of N12.05 trillion in the first quarter of 2023, a marginal uptick of...
Nigeria’s Tax-to-GDP ratio which, in the last 12 years, hovered between 5% to 6% rose to 10.86% by the end of 2021. The new ratio was...
The Nigerian National Petroleum Company Limited (NNPCL) has raised the pump prices of petrol (PMS) by over 200 per cent bringing the price of fuel to between N488...
Investors in the Nigerian stock market recorded N428 billion profit accruing from the weekly trading of equities on the floor of the Nigerian Exchange Limited last...
Nigeria’s new President, Bola Tinubu says the era of subsidy payment on fuel has ended. He said the 2023 Budget made no provision for fuel subsidy...
The argument that fuel subsidy payment in Nigeria only benefits the rich has just been reinforced by Mr. Akinwunmi Adesina, President of the African Development Bank...
Africa is set to be the second-fastest growing region in the world after Asia in 2023-24, demonstrating the resilience of its economy despite dealing with multiple...
The African Development Bank (AfDB) says Nigeria and other economies of Africa is projected to grow by 4.1 per cent in 2023 and 4.3 per cent...
By Christy Animam Nigeria’s Gross Domestic Product slowed to 2.31 per cent in real terms during the first quarter of 2023. In a report titled Nigeria...
The Nigerian Naira experienced a significant decline against the US Dollar in the black market, settling at an average exchange rate of N760/$1 on Monday, May...
Federal High Court sitting in Lagos has fixed May 24 to hear a suit filed by a former lawyer with the Economic and Financial Crimes Commission...
Vice-President Prof. Yemi Osinbajo has described Oguta Lake to Orashi hydrographic survey and dredging project as a gamechanger as the project commence today. Speaking at the...
Source: Bank of England Monetary Policy Summary, May 2023 The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target,...
By CSL Research Team According to newspaper reports, the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, stated that foreign exchange repatriation into Nigeria...
Nigeria has lost its status as Africa’s largest oil producer to Angola as Africa’s largest economy saw its oil output decline the most in April among...
As Production Drops to 1.25 Million Barrels Per Day Average oil production in Nigeria has reduced to 1.25 million barrels per day, latest data obtained from...
By Rosemary Iwuala The Centre for the Promotion of Private Enterprises (CPPE) says some tax and import duty provisions in the 2023 Fiscal Policy Measures of...
MTN Nigeria is battling with several lawsuits that have amounted to legal claims of over N1.48 billion, the company’s first quarter (Q1) financial result for 2023...
Manufacturers Association of Nigeria (MAN) says some provisions of the 2023 fiscal policy measures by the federal government are inimical to the growth of the manufacturing...
Telecoms giant, MTN Nigeria, has disclosed its unaudited financial report for the first quarter of 2023 in which it set new records across its key performance...