Economy

The naira depreciated in its value against the United States dollar to N1,234 at the official foreign exchange market on...

Over the past decade, Nigeria’s inflation rate has undergone a notable transformation, marking a significant journey from 8.05 percent in...

The 650,000 barrels per day Dangote Petroleum Refinery is taking advantage of cheaper oil imports from the United States for...

The International Monetary Fund, IMF, has projected Nigeria’s public debt to Gross Domestic Product, GDP, ratio to reach 46.6 percent...

In a move that has been described as ‘unprecedented’ ,  the Dangote Petroleum Refinery yesterday announced a further reduction of...

Nigeria’s foreign exchange reserves have taken a significant hit, dropping by approximately $1.02bn within 18 days as the Central Bank...

Ratings agency, Agusto & Co. has noted that in the fiscal year (FY) 2023, the Nigerian insurance industry recorded robust...

rude oil prices rose yesterday after the Energy Information Administration (EIA) reported an inventory build of 3.2 million barrels for...

The naira began the new month on a bullish note, appreciating to N1,278.58 against the United States dollar from N1,309.39...

The Federal Government, on Monday, announced that the new price of natural gas for power generation companies is now $2.42...

The Chairman of the Federal Inland Revenue, Zacch Adedeji, has restated the agency’s commitment not to introduce additional taxes in...

Amid the aggressive tightening stance of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), currency in circulation reached...

The Central Bank of Nigeria has disclosed that it will be allocating $10,000 to each Bureau de Change operator at...

The Nigerian stock market yesterday halted its three-day investors profit-taking momentum as gains in BUA Cement Plc and 21 others...

The naira rebounded against the United States dollar on Wednesday at the official and parallel markets, with the local currency...

Zenith Bank Plc has appointed Dr. Adaora Umeoji, as its Group Managing Director/Chief Executive Officer, CEO  with effect from June...

The total Net Asset Value, NAV, of investment in Mutual Funds rose Year-on-Year, YoY, by 76.9 per cent to N2.3 trillion...

The naira has gained more than 20 per cent in a major recovery that had seen the currency trading mostly...

The Central Bank of Nigeria (CBN) has revealed its strategy to settle Treasury Bills (TBs) worth N1.64 trillion during the...

The Naira on Friday recorded a new low depreciating to N1,665.5 per dollar in the Nigerian Foreign Exchange Market (NAFEM)....

Equity investors lost N67bn on Thursday, as the Nigerian Exchange returned to the red zone. Sell-offs in banking, insurance, and...

The about two-day suspension of operations with respect to the lifting of petroleum products by the Nigerian Association of Road...

NIGERIA’S foreign exchange and inflation have combined to push the prices of prepaid meters year-on-year, YoY by 80 percent to...