The figures show an impressive increase of 80.77%, with the trade balance soaring from $2.6 billion in the prior year to a substantial $4.7 billion in...
The Nigerian economy grew at a 2.31% pace in real terms in the first quarter (Q1) 2023, according to the latest report from the National Bureau...
Europe’s largest economy, Germany has plunged into recession as inflationary pressure eroded consumer spending and household income. The economy contracted by 0.3% in the first quarter...
As winter descends upon South Africa, the nation finds itself on the precipice of an unprecedented power crisis. Eskom Holdings SOC Ltd., the state electricity company,...
The International Monetary Fund (IMF) has recently emphasized the repercussions of weaker currencies on public debt in Sub-Saharan Africa. In a report published on the IMF’s...
In a proactive move aimed at providing guidance to the incoming administration of President-elect Bola Tinubu, the Federal Government of Nigeria has announced its plans to...
Food prices rose substantially in the month of April as food inflation soared to 24.61% on a year-on-year basis, marking a substantial 6.24% point increase compared...
April 2023 saw a marginal uptick in the headline inflation rate, with figures reaching 22.22% compared to the previous month’s rate of 22.04%. Although the increase...
Nigeria’s Central Bank has warned that shipping lines and agents who connive with exporters to take products out of the country without proper documentation will face...
In a groundbreaking event for the Nigerian Ports Authority (NPA), the largest container vessel to ever dock at the Tin-Can Island Port Complex and the pilotage...
