Nigeria

Banks and discount houses deposit with Central Bank of Nigeria (CBN), depreciated by nearly 16 per cent Month-on-Month (MoM) to...

The output from other countries that had witnessed downward production is squaring up which may likely lead to output cut...

The most recent data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) reveals that Nigeria’s daily production of crude oil...

Nigeria has been named among the three top countries in terms of highest oil reserves discovered owing to 2023 investments....

The naira tumbled against the United States dollar at the parallel market on Wednesday, closing at 900/dollar. This came barely...

Money and credit data released by the Central Bank of Nigeria (CBN) for the month of July 2023 has revealed that currency...

J.P. Morgan says Nigeria’s headline inflation will continue to trend upwards as policy reforms “feed through” and that it could...

Despite the slow business activities in the country, Private sector credit surged to N54.16 trillion, marking a notable increase of...

Nigeria lost about N249bn crude oil revenue in July following a plunge in the country’s oil output by over four...

Naira inched close to a 15 per cent gain against dollar in the parallel market within a week, trading around...

Oil marketers, on Tuesday, advised President Bola Tinubu to gradually relax the removal of subsidy on Premium Motor Spirit, popularly...

Following the tumbling of the naira at the parallel market in recent times, the Central Bank of Nigeria has started...

There are strong indications  that pump price of petrol  is expected to record another round of increases, the third within...

With $20.1 billion in remittances in 2021, Nigeria was the second-highest recipient in Africa, trailing only Egypt ($28.3 billion). Although...

For the second consecutive session, the Nigerian Exchange Limited (NGX) closed on a downward note, yesterday, as virtually all the...

Naira could be facing a fresh crisis as official and black market arbitrage, which narrowed to near zero a week...

Nigeria’s housing market has recorded a spike of about 40 percent in the cost of leases and sales in the...

Financial market analysts say they have found some fault lines in the Central Bank of Nigeria’s (CBN’s) management of the...

Nigeria can generate about 427,000 megawatts of electricity from solar energy that comes from the sun, power generation companies have...

Six Consumer Goods Companies listed on the Nigerian Exchange (NGX) Limited have posted a total net loss of N179.561 billion...

The devaluation of the naira has significant impact on the operations of multinational companies operating in the country. The naira...

Oil and gas industry analysts have predicted more demand for oil as prices poised early on Monday to end July...

Despite the Federal Government commitment to achieving zero flaring by 2060, on a year-on-year, YoY, basis, gas flaring increased by...