Economy
News and analysis on the Nigerian economy
Foreign Direct Investment nears 2015 high in Q3 2018
Capital imported into the country fell by 48% to $2.8 billion.
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Nigeria’s cashew nuts exports fall by 74%
Nigeria recorded a massive 74% drop in exports of Cashew Nuts in Shell according to the third quarter foreign trade...
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Official: Nigeria spends N1.2 billion only on imports of Arms and Ammunition
Nigeria's military spending rose by a whopping 2,138% for the third quarter of 2018, one of the highest seen in...
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Nigeria’s Vehicle, Aircraft & Vessel import jump 891% in Q3 2018
The National Bureau of Statistics released its 2018 Third Quarter Foreign Trade Statistics report showing Nigeria's import bill rose to...
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How declining oil prices could affect Nigeria’s 2019 budget
As global crude oil prices continue to decline, there are growing concerns that the development could negatively affect the Nigerian...
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Africa oil and gas state of play
The African continent continues to boast a vast array of potential opportunities, particularly in the oil and gas (O&G) sector
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At 182m, Nigeria has the world’s 7th largest population
The world's most populous black nation — Nigeria — now has an estimated population of 182 million, half of whom are young...
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World Bank doing business report 2019: Nigeria records mixed fortunes
The World Bank Group (World Bank) on Wednesday, 31 October 2018, published it’s 2019 Doing Business Report (the Report). This...
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Nigerian assets that may be taken over by China
In the past three years, Nigeria has gotten over $5 billion loan from the People’s Republic of China.
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Nigeria earned N1.16 billion from rail in six months
FG has generated a total of N1.16 billion through the rail system of transportation in H1 2018.
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