CBN: N1.3tr Spent To Import Rice, Wheat, Others In 12 Months
NOT less than N1.3 trillion was spent by the Federal Government on the importation of rice, fish, sugar and wheat in the last 12 months, the Central Bank of Nigeria…
World Bank Warns Of Rise In Poverty
The World Bank has raised the alarm that, as Nigeria’s Gross Domestic Product (GDP) declines, poverty will be on the increase. This is contained in the Nigeria Economic Update (NEU)…
Banks Recorded N42.7tn Electronic Transactions In Three Months —NBS
The banking sector recorded 800,201,498 volume of transactions valued at N42.76tn within the third quarter of this year. The figure is contained in the banking sector report which was released…
Nigeria Earned N275bn From Value Added Tax in third quarter of 2019
Nigeria has earned a total of N275.12 billion from Value Added Tax in the third quarter of this year, this figure was released by the National Bureau of Statistics. The…
Consumer Group Urges Speedy Passage Of Bill Criminalising Estimated Billing
A group, Electricity Consumer Protection Forum has called for the speedy passage of the bill seeking to criminalise estimated billings by Electricity Distribution Companies in the country. Its National Coordinator,…
$5.36b Injected Into Economy
The total value of capital injected into the economy in the third quarter of this year stood at $5.36 billion, the National Bureau of Statistics (NBS) said in a report…
Investment Inflows Into Nigeria Dropped By $460m In Q3 —NBS
The National Bureau of Statistics on Monday said the investment inflows into Nigeria declined by $460m from $5.82bn in the second quarter of this year to $5.36bn in the third…
Nigeria’s GDP Now 2.28 Per Cent —NBS
The nation’s Gross Domestic Product increased to 2.28 per cent in real terms in the third quarter of this year, the National Bureau of Statistics said on Friday. The NBS,…
UK’s Firm Acquires Nigerian Liquidated Oil Company
A British firm, Savannah Petroleum Plc, has on Friday announced the completion of the acquisition of Seven Energy International Limited, which is a Nigerian oil and gas exploration, development, production,…
Ogoja Rice To Hit Market With Reduced Price
Santuscom Agro-Hub Investment Nigeria Limited, producer of Ogoja Rice, has said it will crash the prices of local brands as it begins harvest at its 1,000-hectare farm in Okpoma, Yala…
