NIGERIA AND CHINA TRADE DEFICIT HITS $7.54 TRILLION

Nigeria and China trade balance has increased to N7.54 trillion in the first nine months of 2023. According to a National Bureau of Statistics,...

NIGERIA’S POWER SECTOR CASH FLOW HITS N900 BILLION

The Federal Government of Nigeria declared on Thursday that the liquidity in the country's power sector has increased from N282 billion in 2015 to...

CBN ASSURES NIGERIANS OF ADEQUATE STOCK CURRENCY TO MEET PUBLIC NEEDS

The Central Bank of Nigeria has assured Nigerians of adequate stock currency to meet the needs of the public. This is against the naira...

UK INVESTS $15M INTO NIGERIA’S AGRIC SECTOR, PROMISES $35M MORE IN TWO YEARS

The British International Investment, the United Kingdom’s development finance institution and impact investor, has concluded plans to invest $15 million in equity into a...

NIGERIA’S CRUDE OIL PRODUCTION FALLS TO 1.4 MILLION BARRELS, AT -0.85 GROWTH IN Q3 2023

Nigeria’s crude oil production has fallen to 1.4 million barrels per day in November 2023, indicating a -0.85 growth in Q2/Q3. This report is...

BII COMMITS $15 MILLION TO BOOST AGRICULTURE IN NIGERIA

British International Investment (BII), the UK’s development finance institution (DFI), has formalized a $15 million equity investment in Valency International, a Singapore-headquartered agricultural commodities...

DANGOTE REFINERY GETS FIRST 950,000 BARREL CRUDE SUPPLY

Respite seems to be on the way for Nigerians, as the much-anticipated Dangote refinery got its first 950,000-barrel crude supply yesterday (Thursday). The development of...

AfDB PRESIDENT HINTS ON $1 BILLION INSURANCE FOR AFRICAN FARMERS 

The African Development Bank (AfDB) President, Dr Akinwumi Adesina, has revealed that many African farmers are not insured. He, however, hinted that the African...

NIGERIA EXPERIENCES IMPRESSIVE Q3 2023 TRADE SURPLUS

Nigeria has reported a trade surplus of N1.89 trillion in the third quarter of 2023, surpassing the N1.25 trillion recorded in the preceding quarter....
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