Nigeria spends N3.5 trillion on fuel importation since subsidy removal
Data from the National Bureau of Statistics reveals that Nigeria spent a staggering N3.5 trillion on fuel imports in the...
Fastest growing sectors in Nigeria’s economy in 2022
Nairametrics present the fastest-growing sectors in the Nigerian economy in 2022, with reference to their performance in the preceding year.
Naira scarcity: Black market traders shut down operations
Black market FX traders have expressed their frustration over the recent cash scarcity crisis across the country
Nigeria’s real GDP grows by 3.52% in Q4 2022
Nigeria’s Gross Domestic Product (GDP) rose by 3.52% year-on-year in real terms in the fourth quarter of 2022.
Nigeria’s foreign health expenses drop to $294.6 million in 9-month 2022
Nigerians spent $294.55 million on foreign health services between January and September 2022, according to the CBN.
Currency outside banks drop to N788.9 billion in January 2023
Currency outside banks fell to a record low of N788.92 billion in January 2023, according to data from the Central...
Naira Scarcity: CBN mops up N1.6 trillion from currency in circulation in one month
Nigeria's currency in circulation fell to a record low of N1.39 trillion in January 2023, representing the lowest level since...
US non-migrant visas to Nigerians surged by 215% in 2022
A total of 97,369 Nigerians received non-immigrant visas from the United States in 2022, a 215% increase compared to 30,878...
Nigerians spend $1.38 billion on foreign education in 9 months
Nigerians spent a whopping $1.38 billion on foreign education expenses between January and September 2022, data from the CBN has...
South East records highest average inflation rate in Nigeria for January 2023
South-Eastern region, made up of Abia, Anambra, Ebonyi, Enugu, and Imo State recorded the highest average inflation rate of 22.39%...
