Economy

Deposit Money Banks in the Federal Capital Territory have increased their maximum over-the-counter withdrawal limit to N50,000 per day, findings...

The Central Bank of Nigeria (CBN) has banned the negotiation of exchange rates with customers outside of the foreign exchange...

Foreign investors are pulling out of the Nigerian Exchange as year-to-date foreign outflows surged to N400.04bn, surpassing foreign inflows of...

Nigeria’s “Renewed Hope” budget has faced a stark reality with soaring inflation and a plummeting naira igniting a construction crisis....

Nigeria, CBN, has cautioned the banking public to desist from using fake Society for Worldwide Interbank Financial Telecommunications (SWIFT) messages...

Foreign inflow into the Nigerian Exchange Limited declined to the lowest point of the year at N11.26bn in September. This...

Access Holdings Plc has announced   that its banking group’s subsidiary, The Access Bank UK Limited has entered into a binding...

The estimated cost of landing Premium Motor Spirit, commonly known as petrol, on Nigeria’s shores has seen a considerable reduction...

The Naira yesterday appreciated to N1,720 per dollar in the parallel market from N1,725 per dollar on Monday Similarly ,...

The African Exchange (AFEX) has projected that Nigeria will experience a historical rise in food prices in 2025 due to...

The average price of imported high-quality rice sold loose has surged by 144.77 percent year-on-year as the Federal Government delays...

Total inflows into the Nigerian Autonomous Foreign Exchange Market (NAFEM) have risen by 40.2 per cent to a five-month high of $3.04...

Barely three weeks after raising the price of Premium Motor Spirit, popularly known as petrol, Nigerians were outraged when the...

The naira fell on Monday at both the official and black markets to 1670.75/$ and 1748/$, respectively, as the daily...

Three students of Methodist Boys High School, Omamogho Ajufuntsi, Fahm Aremu, and Ogunsola Oladimeji have emerged winner of the maiden...

The price of a bag (50 kg) local rice rose year-on-year, YoY, by 152.9 percent to N95,738 in September 2024...

The Federal Government has announced a halt to the export of locally produced Liquefied Petroleum Gas (LPG) – otherwise known...

However, the Naira yesterday appreciated to N1,715 per dollar in the parallel market from N1,725 per dollar last weekend. However,...

The price of Liquefied Petroleum Gas (cooking gas) has skyrocketed from N700/kg in June 2023 around when President Bola Tinubu...

The World Bank has said that Nigeria, Angola, and Sierra Leone, with double-digit inflation and weakened domestic currencies, will maintain...

The value of the naira depreciated at the unofficial market on Wednesday as it traded at  1,705/dollar, according to Bureau...

Nigeria’s headline inflation rate for September 2024 rose to 32.70 percent after slowing consecutively in July and August. This was...

*Social media attacks undermine banks’ reputation-Body of CEOs, CIBN The Central Bank of Nigeria, CBN yesterday assured the public of...

Plans have reached an advanced stage by the Federal Government, Nigerian National Petroleum Company Limited, NNPCL, and Dangote Refinery for...

It has emerged that more average Nigerians are finding it difficult to have balanced diet as the cost of a...