Economy

The total amount of revenue generated by electricity distribution companies rose by 20.81 per cent despite a drop of 1.74...

The naira slumped further to the dollar after closing at 770.38/$ at the end of trading on the investor &...

President Bola Tinubu’s assent, the other day, to the electricity bill passed in July 2022 seeking to repeal the Electricity...

The Federal Government of Nigeria (FGN) has approved the issuance of licenses to six new companies to import petroleum products...

Nigeria’s inflation rate rose not less than 67 times since June 2014, according to findings by The PUNCH. Analysis of the...

The Central Bank of Nigeria has lifted the limits placed on domiciliary accounts. In a statement by the CBN on...

As the Nigerian National Petroleum Company Limited (NNPCL) hands-off the monopoly of petrol importation, petroleum marketers have demanded immediate release...

The burning of oil, gas and coal causes seven million premature deaths around the world annually through bad air that...

The naira traded at 702.19/dollar at the close of business on Thursday, as the Central Bank of Nigeria has allowed...

The Federal Government, on Tuesday, issued and signed licences for the establishment of two crude oil export terminals, capable of...

The Federal Government is set to make about N124.26bn in a year from the imposition of a 0.5 per cent...

Nigeria recorded N5.14 trillion from crude oil sales in the first three months of 2023, from N4.9 trillion realized over...

Nigeria’s currency yesterday depreciated by 1.02 per cent (N4.83/$1) at the Investors and Exporters (I&E) forex window, Nigeria’s official foreign...

Investors' profit-taking continued to dominate the stock market of the Nigerian Exchange Limited (NGX) as capitalization extended losses for a...

Nigeria, Egypt, and South Africa were responsible for 65 per cent of Africa’s Gross Domestic Product slowdown, McKinsey has disclosed....

The total value of foreign trade has declined by N2.55tn as Nigeria recorded lower exports within a year, according to...

With the removal of subsidy on petrol in the country,  the Nigerian National Petroleum Company Limited (NNPC) is set to...

The National Union of Electricity Employees (NUEE) has directed its members to withdraw their services nationwide over the sudden removal...

Oil marketers have projected that the ex-depot price of Premium Motor Spirit, popularly called petrol, would hit N515/liter once they...

Nigeria’s tax-to-Gross Domestic Product (GDP) ratio, which in the last 12 years hovered around five to six percent, has risen...