Economy

Investors in the stock market section of the Nigerian Exchange Limited (NGX) lost N187billion of their investment in the first...

Following the Central Bank of Nigeria (CBN) tightening measures in a bid to tame galloping inflation leading to illiquidity, banks...

The Nigerian equity market opened the new week with a N79bn gain, driven by appreciation recorded by 32 stocks. At...

Oil marketers and airline operators have confirmed the steady supply of aviation fuel, known as Jet A1, since Dangote refinery...

The Central Bank of Nigeria, CBN, has said that fuel subsidy removal, lower import bills, and increased external debt servicing...

The value of the naira recorded its highest gain by 4.8 per cent against the US dollar in nearly two...

Oil marketers are concerned about the delay in announcing the price of Premium Motor Spirit, popularly called petrol, being produced...

As investors seek higher returns and long-time maturities, the Central Bank of Nigeria (CBN) has raised a whooping N9.27 trillion...

The Manufacturers Association of Nigeria (MAN) has reacted to the increase in petrol prices stating that Small and Medium Scale...

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...