NIGERIAN paper imports during the last six months of 2021 added up to N296.696bn ($716m) as a result of the fact that the nation's mills have all but grounded to a halt forcing the country to be dependent on overseas supplies.
Over recent years, Nigeria's paper mills have collapsed years after privatisation, forcing the...
FOREIGN direct investment (FDI) into Nigeria fell by a whopping $331.2m to $698.78m in 2021 compared with the sum of $1.03bn recorded in 2020 according to figures just released by the National Bureau of Statistics (NBS).
It is not yet clear why there was such a huge drop but the NBS report, titled Nigerian Capital...
NIGERIA'S imports from China during the first nine month of 2021 ballooned to a total value of N6.53trn ($15.68bn) representing 29.75% of all overseas purchases during the period according to data just published by the National Bureau of Statistics (NBS).
According to the NBS, the total value of Nigeria’s imports from all...
NIGERIA recorded a 3.4% increase in gross domestic product (GDP) during the course of 2021 in the first major sign that the economy is coming out of the recession according to recent statistics published by the National Bureau of Statistics (NBS).
Like many countries worldwide, Nigeria has suffered from the economic fallout...
NIGERIA'S gross domestic product (GDP) grew by a surprising 5% during the second quarter of 2021 according to data just released by the National Bureau of Statistics (NBS) indicating that the country is recovering from the effects of the Covid-19 pandemic.
Over the last year-and-a-half, Nigeria has been hit hard by the...
RECENT statistics published by the National Bureau of Statistics (NBS) show that the total value of Nigeria's agricultural imports during the first three months of the year added up to N503bn ($1.21bn).
Concerning figures showing how heavily dependent Nigeria still is on the import of agricultural commodities, shows that the...
FINANCIAL experts have warned the federal government that the recent fresh restrictions introduced to arrest the spread of the coronavirus pandemic could hurt the Nigerian economy particularly flight restrictions which could limit the flow of foreign direct investment.
Yesterday, the federal government imposed a nationwide...
NIGERIAN Investment Promotion Commission (NIPC) officials are optimistic that a total of $8.41bn was invested into the economy during the first quarter of the year in a move that will eventually create jobs and reduce unemployment.
Reeling from the effects of the global coronavirus pandemic, Nigeria currently has about...
NIGERIA'S federal government has commenced plans to educate over 10m out-of-school children in different parts of the country under the Alternate School Programme (ASP) aimed at eradicating illiteracy.
At the moment, Nigeria has the highest number of out-of-school children in the world, which has spiralled a crime wave...
NIGERIA now has a total of 23.23m people out of work giving the country the second highest unemployment rate in the world according to recent data just published by the National Bureau of Statistics (NBS).
According to the NBS, the jobless rate in Nigeria rose to 33.3% in the three months of this year, up from 27.1% in the...
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