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Nigeria records N5.172tr Q1 trade surplus

In the first quarter (Q1) 2025, Nigeria recorded N5.172 trillion trade surplus, according to the National Bureau of Statistics (NBS). NBS in its  “Foreign Trade in Goods Statistics Q12025,” revealed that the country’s import dipped to N15.426 trillion as export rose to N20.59trillion, totally N36.02trillion trade in the period under review. The report said total…

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Otedola, investors pledge commitments to key sectors

Prominent Nigerian businessman Femi Otedola and other major investors have expressed renewed confidence in the Federal Government’s economic reform agenda and pledged to deepen their investments in sectors vital to the country’s inclusive growth and competitiveness. Otedola made this known during a courtesy visit to the Minister of Finance and Coordinating Minister of the Economy,…

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FEC okays Nigeria’s membership of Asian bank, mulls cocoa board

The Federal Executive Council (FEC) on Monday approved Nigeria’s full membership of the Asian Infrastructure Investment Bank (AIIB) as a non-regional member, marking a significant milestone in the country’s international economic engagement. The Council also approved the transmission of a bill to the National Assembly to establish the National Cocoa Management Board, in a bid…

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