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Ports and Airports Transportation

Food imports exceed exports by N2.23tn in 12 months

The total international trade in agricultural goods in the country stood at N3.24tn in 2021, with the import value exceeding export value by N2.23tn, findings have revealed. Despite interventions by the Federal Government to diversify the economy and increase food production in the country, security concerns have driven a lot of farmers out of their […]

News

Capital importation rises by 26%, hits $2.19bn in Q4

The value of capital importation into Nigeria increased by 26.35 per cent to hit $2.19 billion in the fourth quarter of 2021 according to new data from the National Bureau of Statistics. In its ‘Nigerian Capital Importation’ report, the NBS disclosed that capital importation increased from $1.73 billion in the third quarter of 2021 to […]

FG spends N40.1bn daily as fuel subsidy hits N600 per litre – Operators
Economy

Fuel scarcity, others raised inflation rate to 15.7% in February –NBS

The Consumer Price Index rose to 15.7 per cent in February from 15.6 per cent in January, latest figures from the National Bureau of Statistics have revealed. The NBS disclosed this in its ‘Consumer Price Index February 2022’ report on Tuesday. According to the NBS, the highest increases were recorded in prices of gas, liquid […]