Economy

Billionaire businessman Femi Otedola has lauded Nigeria’s richest man, Aliko Dangote, for advancing Nigeria’s economic independence through the successful commencement...

The premium motor spirit (PMS), also known as petrol, is expected to sell at N1,300 per liter, largely due to...

With petrol subsidy costs skyrocketing, after months of denial, the Nigerian National Petroleum Company Limited (NNPC), yesterday finally admitted that...

Nigeria, Africa’s most populous nation, is grappling with a troubling paradox. Despite positive macroeconomic indicators, including a rise in GDP...

President Bola Tinubu welcomed the latest report by the National Bureau of Statistics (NBS) on the state of the economy,...

The Nigerian official foreign exchange (FX) market witnessed a significant increase in turnover, rising to N110.35 trillion in seven months...

The foreign exchange turnover in July stood at N11.48tn ($7.39bn) at the official trading window for the Nigerian currency, which...

The Nigerian National Petroleum Company Limited (NNPCL) has informed the Federal Account Allocation Committee (FAAC) of an outstanding of N4.56...

The Naira yesterday depreciated to N1, 610 per dollar in the parallel market from N1,600 per dollar on Monday. Similarly,...

The Nigerian stock market recovered from a bearish run yesterday, as investors’ investments went up by N66.13 billion, propelled by the demand for Seplat Energy...

The local stock market for the third consecutive session has recorded profit-taking, dropping by  N790.38 billion  as investors trade with blue...

Nigerians are still struggling to get Premium Motor Spirit, popularly known as petrol, as depots continue to battle fuel shortage....

The Central Bank of Nigeria, CBN, in a bid to ease pressure in the foreign exchange (FX) market, sold $876.26...

In June, Nigeria’s inflation reached a 28-year high of 34.19 per cent, causing hardship for many Nigerians. The situation is...

A new report has warned that implementing a windfall tax amid a Central Bank of Nigeria (CBN) mandated recapitalisation could...

The Bank Directors Association of Nigeria have distanced itself from the views of some bank chairmen on the proposed foreign...

Banks and other financial institutions in the country will be closed on Thursday, August 1, 2024, as the planned hunger...

The fuel crisis being experienced by Nigerians is yet to abate even as petrol vessels birthed at Lagos and other...

The Nigerian Communications Commission (NCC) has ordered all telecommunication companies in the country to reactivate all lines they have barred...

Deji Elumoye, Chuks Okocha, Ikechukwu Aleke, Folalumi Alaran in Abuja, John Shiklam in Kaduna, Hammed Shittu in Ilorin, James Sowole in Abeokuta, Segun Awofadeji in Bauchi, Laleye Dipo...

Nigerians spent $38.17m on foreign education between January and March 2024, according to data from the Central Bank of Nigeria’s...

The Federal Government  recorded a   29 percent year-on-year (YoY) decline in deficit spending to N2.83 trillion deficit in the first quarter...