Nigeria’s inflation rate to rise due to fuel price hike, World Bank says
Nigeria is projected to experience a further rise in inflation rates in September 2024, largely driven by a significant hike...
Foreign capital from BRICS countries into Nigeria rises by 189% in six months
Nigeria’s foreign capital inflows from BRICS nations have surged by 189% in the first half of 2024, amid the country’s...
10 countries with highest foreign investments into Nigeria in Q2 2024
While some nations have scaled back in their investments in Nigeria, this article features top ten countries that have ramped...
African investors contribute only 19.45% of Nigeria’s foreign capital in Q2 2024
The total foreign capital inflows to Nigeria from African investors (excluding Nigerian contributions) accounted for 19.45% of the total capital...
Nigeria’s FDI drops to $29.83 million in Q2 2024, lowest level ever on record
Nigeria's Foreign Direct Investment (FDI) for the second quarter of 2024 has dropped to $29.83 million, marking the lowest level...
Nigeria’s locally produced diesel drops to 2.16% of total supply in 2023
Nigeria’s locally produced diesel accounted for just 2.16% of the total diesel supply in 2023, a slight decrease from the...
Taxes paid by traders, mechanics rise by 49% in 2024 amid economic challenges
Taxes paid by Nigerians involved in the wholesale and retail trade, as well as the repair of motor vehicles and...
Nigeria’s debt servicing payments rise by 69% to N6.04 trillion in H1 2024
Nigeria’s debt servicing payments have surged by 69% in the first half of 2024, reaching N6.04 trillion, up from N3.58...
Top 10 states with highest number of self-employed Nigerians in 2023
The National Bureau of Statistics (NBS) disclosed that 84% of Nigeria’s working-class population is self-employed in the first quarter of...
Petrol import in Nigeria drops by 3.58 billion litres after ‘subsidy removal’
Nigeria has recorded a reduction in petrol importation following the ‘removal of fuel subsidy’ by President Bola Tinubu in May...
