Nigeria’s crude oil output rose to an all-time high of 1.35 million barrels per day in September 2023, as the country pumped its highest volume of...
The exchange rate between the naira and the dollar has dropped to N1,040 in the parallel market. The ongoing trend of demand surpassing supply seems to...
Petroleum products marketers have warned that retail outlets are shutting down operations due to increasing cost of running the business. Speaking during the National Executive Council...
The International Monetary Fund has downgraded Nigeria’s economic growth by 0.3 percentage points to 2.9 per cent for 2023 as a result of lower production in...
The Federal High Court sitting in Abuja has disqualified the candidate of the All Progressives Congress, APC, for the governorship election billed to hold in Bayelsa...
Nigeria relied on foreign borrowing ($1.21bn) to boost its capital importation in the first six months of 2023. This is as 28 states failed to attract...
Nigeria’s capital importation fell quarter-on-quarter (QoQ) by 9.04 percent to $1.03 billion in the second quarter of 2023 (Q2’23) from $1.13 billion in Q1’23. The National...
President Bola Ahmed Tinubu-led government announced on Tuesday that it will kickstart providing a non-interest loan of N50,000 to 1.5 million market women under the Government...
The Federal Government has issued licenses to 17 Independent Electricity Distribution Networks operators, among which 10 are currently operational, the government announced on Tuesday. It disclosed...
The naira on Tuesday appreciated against the dollar as it exchanged at N745.19 at the Investors and Exporters window. The local currency gained by 1.38 per...