The latest report from the National Bureau of Statistics (NBS) in its series on foreign trade in goods shows the total value of trade increased by 11.1% q/q and 65.4% y/y to N13trn in Q1 ‘22. Compared with Q4 ‘21, the total export value rose by 23% to N7.1trn from N5.8trn, while the import value …
More →Ukraine is considered the “breadbasket of Europe,” and as such, the disruption, particularly in the global food supply chain is not surprising. Russia and Ukraine are also significant suppliers of metals and other commodities. Russia controls about 10% of global oil supply and is the largest natural gas exporter globally. Furthermore, Russia supplies c.45% of …
More →We attended the 2022 annual meetings of the Africa Development Bank held in Accra, Ghana. The inaugural briefing entitled Presidential Dialogue: Africa’s Development Challenges and Opportunities attracted a lot of interest from delegates as its core theme was focused on boosting growth and economic prosperity across countries within the continent. Ghana, Mozambique, Rwanda, Tanzania and …
More →On 14 April ‘22, the National Assembly passed President Buhari’s Bill to amend the 2022 Appropriation Act, which was initially approved and passed on 31 December ‘21. Download here
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