The National Bureau of Statistics (NBS) has confirmed on Wednesday, that Nigeria recorded a trade surplus in the first quarter of 2025, driven by strong export performance and a decline in imports, with overall merchandise trade valued at ₦36,024.66 billion. The figure, according to NBS, represents a 6.19% increase compared to ₦33,925.72 billion recorded in the same period of 2024, but a 1.58% decrease from ₦36,604.83 billion in the previous quarter. According to the NBS,...

The Nigerian Consumer Credit Corporation (CREDICORP) has kicked off nationwide Cultural Reorientation Programme, with a landmark market activation event held on Wednesday at the Sani Abacha Stadium in Kano. CREDICORP, which was established under the Renewed Hope Agenda of President Bola Ahmed Tinubu, is a national institution working to democratise access to consumer credit for hardworking Nigerians. The Corporation enables Nigerians to acquire essential goods and services, such as locally assembled vehicles, solar solutions, and...

The Managing Director/Chief Executive of the Nigerian Education Loan  Fund (NELFUND), Mr. Akintunde Sawyerr  urge  parents, the Academia, Traditional Rulers and students in the South East zone of Nigeria to key into the interest – free educational loan scheme provided by the Federal Government of Nigeria. Mr. Sawyerr made this call at the strategic engagement session with key stakeholders held on Thursday at the Old Government Lodge in Enugu The interactive session aimed at deepening...

Nigeria’s headline inflation rate declined slightly to 23.71 per cent  in April 2025, down from 24.23 per cent recorded in March, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) on Thursday. The NBS noted that the 0.52 percentage point drop indicates a modest easing of inflationary pressures in Africa’s largest economy. On a month-on-month basis, the headline inflation rate stood at 1.86 per cent in April,...