Economy

The prices of major fuels, including Premium Motor Spirit (PMS) or petrol, diesel, as well as gas continued to rise...

Forex turnover at the official foreign exchange market has increased to $23.29bn within over six months of trading following a...

The sharp depreciation of the naira and the country’s dependence on the importation of liquefied petroleum gas (LPG) also known...

Africa’s oil demand is projected to increase by 11.5 per cent within a year to hit 4.9 barrels per day...

The World Bank yesterday approved a total sum of N2.25 billion for Nigeria to enable the federal government to sustain...

The Nigeria Deposit Insurance Corporation has listed the head office in Lagos and branches of failed Heritage Bank across the...

The Nigerian National Petroleum Company Limited, on Monday, denied reports that it inflated the subsidy on Premium Motor Spirit, popularly...

The Nigerian stock market yesterday halted its two days profit-taking by investors, as gains in Nestle Nigeria Plc and 17...

Nigeria may have lost about N148.8bn in oil revenue on Monday as a result of the industrial action embarked upon...

Currency in circulation has improved from 94 per cent recorded in March 2024 by 2 per cent compared with the...

The naira appreciated to 1,339.33/$ at the close of trading on the official window on Monday, gaining 9.68 per cent...

The Naira Friday depreciated in the parallel market to N1,520 per dollar from N1,515 per dollar on Thursday. However, the...

There may be no respite  yet for investors in the stock market as investment analysts have said that the outcome...

The Economic and Financial Crimes Commission has arrested over 200 suspects in connection with foreign exchange scams and manipulation of...

The Federal Government may cut its approximately N6.2tn yearly fuel import bill if the Dangote Petroleum Refinery begins the sale...

The domestic stock market yesterday extended losses from the previous session, bringing the overall capitalization down by N268 billion. Also,...

On Monday, appreciated against the dollar, at the official foreign exchange (FX) market, despite low dollar liquidity in the market....

As Big Oil returns this week to the industry’s annual showcase for offshore energy projects and equipment in Houston, deepwater...

The value of Nigeria’s currency in circulation has risen to N3.87tn at the end of March. According to the latest...

As fuel scarcity continues to bite harder in different locations, the Federal Government says it has begun a 15-day emergency...

Inflation in key African economies will slow into next year but remain stubbornly high in Nigeria due to sporadic flooding...

The Association of Bureaux De Change Operators of Nigeria (ABCON) has said that it is working on establishing a unified...

THE $20 billion Dangote Petroleum Refinery, yesterday, slashed further the prices of both diesel and aviation fuel to N940, N980 per...