The National Bureau of Statistics (NBS) has released its Foreign Trade in Goods Statistics report, which indicates that Nigeria’s spending on importing motorcycles declined in 2022,...
The Federal Inland Revenue Service (FIRS) and the Nigeria Customs Service (NCS) have helped the Nigerian government collect N12.7tn in revenue in 2022, marking a significant...
The World Bank Group President, David Malpass, has warned that global growth is expected to be weak in 2023, slowing to two per cent from 3.1...
Bitcoin, the world’s largest cryptocurrency, has climbed 7% to cross the key psychological level of $30,000 for the first time in 10 months. This rise has...
The United Bank for Africa (UBA) has announced plans to sell the Abuja Electricity Distribution Company (AEDC) to recover a debt of $122m owed to it...
A bill to limit the increasing emigration of doctors from the country has passed second reading in the House of Representatives on Thursday. The bill was...
Despite a larger-than-expected draw in U.S. crude oil and fuel stocks, oil prices fell slightly on Wednesday as the market weighed worsening economic prospects against the...
China and Malaysia are exploring the possibility of setting up an Asian Monetary Fund, signaling a shift away from US dollar dominance in the region. The...
The Nigerian government has secured an $800 million grant from the World Bank to provide palliatives for 10 million households, or 50 million vulnerable Nigerians, ahead...
According to a report from the National Bureau of Statistics (NBS), Nigeria’s capital importation dropped by 20.47% to $5.32 billion in 2022 from $6.70 billion in...