Business
A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart.
Naira now N1,300/$ in parallel market
The naira yesterday appreciated to N1,300 per dollar in the parallel market from N1,305 per dollar on Wednesday . ,...
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A Quintessential Professional And Exemplary Role Model
TRIBUTE OLABODE AGUSTO 1955 – 2023: The passing of Mr. Mubasheer Olabode Agusto, affectionately known as Bode Agusto, on October...
Read moreFG okays $3.45bn W’Bank loan application for power, others
The Federal Executive Council on Monday approved the application for a $3.45bn loan to finance five items. They include projects...
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Nigeria’s Foreign Debt Service Up 18% Year-on-Year to $2.56bn
Debt servicing has continued to constitute a major threat to Nigeria’s economy as the Central Bank of Nigeria (CBN) disclosed...
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Naira slumps further, exchanges 1,190/$
The naira has maintained its downward trend as scarcity of the dollar bites harder, findings by The PUNCH have revealed. At the...
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Worries as Naira slumps further to N1,100/$ in unofficial market
The rivalry between the Naira and United States of America dollar further went south yesterday as the Nigerian currency slumped...
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Subsidy removal, naira fall push food inflation to 30.64%
Subsidy removal and naira devaluation pushed food inflation to 30.64 percent in September, worsening inflationary pressures in the country. The...
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Rising inflation, interest rates risky for Nigeria’s economy – FTXM
Online financial trading and investing firm, FTXM, has said that the persistent rise in Nigeria’s inflation figure and monetary policy...
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Naira Falls To Lowest N848/$ At Official Market
Nigeria’s naira closed trading at a record low of N848 per dollar on the official market yesterday, according to data...
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Naira under pressure, Nigeria may seek dollar loan –IMF
The International Monetary Fund has said the naira is currently under pressure and Nigeria is free to seek loan from...
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Naira under pressure, Nigeria may seek dollar loan –IMF
The International Monetary Fund has said the naira is currently under pressure and Nigeria is free to seek a loan...
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Fuel subsidy must never return, marketers tell FG
Oil marketers have warned of the dangers of returning fuel subsidies, saying it has the potential to throw the downstream...
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Oil production hits 1.35million barrels/day, highest in 2023
Nigeria’s crude oil output rose to an all-time high of 1.35 million barrels per day in September 2023, as the...
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Inflation to slow Nigeria’s economic growth to 2.9%, says IMF
Inflation will slow Nigeria’s economic growth to 2.9 percent in 2023, the International Monetary Fund has predicted. It also downgraded...
Read moreForex crisis: Naira plunges to 1,025/$, job losses, factory shutdown loom
Forex crisis hinders raw materials procurement, causes financial problem – NECA •SMEs decry impending shutdown, Reps probe airlines, schools demanding...
Read moreNaira dip pushes loan book value of eight banks to N30 trillion
Investors stake N22b in equities Aggregate loans in the books of eight Nigerian banks expanded to N30 trillion in the...
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Depots deserted as petrol landing cost hits N720/litre
Many petroleum products depots are currently deserted due to lack of products caused by foreign exchange rate volatility, as the...
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23 oil blocks failed to produce crude –FG
No fewer than 23 oil blocks managed by both international and local oil companies, which are under crude oil Production...
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Food, fare prices spike, put more Nigerians under pressure
The National Bureau of Statistics (NBS) in its Food Price Watch report released yesterday, indicated a continuous increase in food...
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Equity market loses N516bn on waning investors’ interests
Investors on the Nigerian Exchange Limited lost N516bn in one week of trading as the volume of trade tumbled by...
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Domestic stock transactions dip by 45.3% in 16 years
Total transactions decline by 62.7% in one month Domestic transactions on the Nigerian Exchange Limited (NGX) fell by 45.3 per...
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Food prices jump by 31%, says NBS
Ebonyi and Abia states led as food prices jumped by 31 per cent within in 12 months from July 2022...
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32.5% CRR: CBN Debited 10 Banks N1.62tn in H1 2023
For failing to meet the 32.5 percent Cash Reserve Requirement (CRR) threshold, the Central Bank of Nigeria (CBN) debited 10...
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Trade volume hits N1.12bn on NGX
The daily volume of trade on the Nigerian Exchange Limited increased by 98 per cent to 1.12 billion units on...
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FG may pay N1.68tn fuel subsidy, marketers forecast N900/litre
The Federal Government may spend about N1.68tn as subsidy on Premium Motor Spirit, popularly called petrol, from September to December...
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