The average price for a Liquefied Petroleum Gas (LPG) also known as cooking gas and kerosene increased again in September as more Nigerians find creative ways...
The National Bureau of Statistics (NBS) has disclosed that the average price for premium motor spirit also called petrol in the country was N164.85 in September...
FBN Holdings (FBNH) Plc, the parent company of First Bank, on Saturday confirmed that Femi Otedola has acquired a 5.07 percent equity stake in the lender....
Following three days of gains, the Nigerian currency fell against the US dollar in the official market on Thursday. Data obtained from FMDQ securities showed Nigerian...
The Central Bank of Nigeria (CBN) has provided a breakdown on the various interventions carried out to stimulate the economy. CBN revealed this in its latest...
Naira sustained its gain against the U.S dollar at the official market on Monday, stretching the currency’s appreciation momentum to three business days. According to data...
Nigeria’s electronic payment transactions increased by 85.52 percent year-on-year to N171.99 trillion in August 2021. This was contained in data released by the Nigeria InterBank Settlement...
The Lagos State Ministry of Education has collaborated with the United States Consulate General to train 50 teachers from Education District One in a STEM training...
The Federal Ministry of Power charged with the responsibility of providing electricity supply has budgeted N17.9 million (N17,958,535 56) to fuel generators and plants in 2022...
One year after the historic #endSARS protest against the now-defunct Special Anti-Robbery Squad (SARS) the federal government would spend N1.27 billion to equip the new force,...
The Cross River State branch of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has stated it may soon quit distributing and selling petroleum products in...
Nigerians’ household expenditure rose to N54.84 trillion in nominal terms in the first half of this year. The National Bureau of Statistics (NBS) disclosed this in...
The federal government is targeting to boost the country’s foreign currency earning from exporting cassava. The Minister of Industry, Trade and Investment, Niyi Adebayo, made the...
Brent crude surged above the $85 per barrel barrier on Monday morning, as expectations of a supply shortage in the coming months and travel restrictions fueled...
The currency in circulation increased by N58.36 billion in September to N2.84 trillion, up from N2.79 trillion in August. The Central Bank of Nigeria (CBN) revealed...
Amid concerns Nigeria’s 2022 Budget is loan-backed and bogged down by debt financing, President Buhari’s administration will be spending almost a trillion Naira on items that...
The volume of transactions (turnover) in the Investors and Exporters (I&E) window of the Nigerian foreign exchange market hit N4.2 billion in September. According to data...
Nigeria’s inflation rate has dropped further to 16.63 percent in September from 17.01 percent reported in August 2021. The National Bureau of Statistics (NBS) disclosed this...
The value of Nigerian currency fell further to a new record low to the US dollar at the official market, as the country’s currency market continues...
The Central Bank of Nigeria (CBN) has issued a warning to financial institutions (OFIs) to ensure they submit their Annual Financial Statement (AFS) in compliance with...
The value of Nigerian currency fell significantly against the U.S. dollar at the official market on Wednesday setting a new record. Data from FMDQ shows at...
The Central Bank of Nigeria (CBN) has issued a guideline to Non-Interest Financial Institutions (NIFIS) on the disposal of Non-Permissible Income (NPI). NPI is any income...
The Naira gained a pittance against the US dollar at the official market on Tuesday, after falling on Monday. According to data from the FMDQ securities...
Access Bank Plc has acquired a majority stake in African Banking Corporation of Botswana Limited (‘BancABC Botswana’). In a statement signed on Tuesday by its Corporate...
The debt burden of the world’s 47 low-income countries, including Nigeria, rose 12 percent to a record level of $860 billion in 2020. This is according...
Naira started the new trading week on a negative note against the United States Dollar at the official market. Data from FMDQ showed at the Nigerian...
The Federal Government has revealed budget performance for the first eight months of 2021 as the country recorded a fiscal deficit of N4.61 trillion. Zainab Ahmed,...
The Standards Organisation of Nigeria (SON) has issued a strong warning to marketers not to import fairly-used gas cylinders into the country. The Head, Liquefied Petroleum...
Nigeria has refused to join other nations to sign a historical agreement on the 15 percent taxation of multinational companies. The agreement will see corporations pay...
Nigeria’s foreign reserves had increased by $1.40 billion in the last seven days, according to the Central Bank of Nigeria. The data for the last seven...
Despite accusing black-market operators of exchange rate manipulation, the Central Bank of Nigeria (CBN) has been displaying the incorrect Naira to the dollar exchange rate on...
The presidency is seeking approval from the National Assembly to spend N479.85 million for various utility charges. The charges are to ensure uninterrupted internet, telephone, and...
President Muhammadu Buhari on Thursday submitted Nigeria’s 2022 appropriation bill to federal legislators. The N16.39 trillion budget is dubbed the “Budget of Economic Growth and Sustainability.”...
The Nigeria government has revealed that Nigeria Excess Crude Account (ECA) dropped by 15.9 percent to N60.85 million as at the end of June 2021 from...
For three consecutive days the value of Naira depreciated further to the U.S dollar as Nigerians continue to wait for the impact of the Central Bank...
The Federal Government recorded a fiscal deficit of N3.48 trillion in the first six months of this year as weak revenue and debt servicing continue to...
The value of Naira suffered another loss to the U.S dollar on Tuesday, making two consecutive trading days of losses since the independence day celebration. According...
Nigerian states including local governments might face financial difficulties in the coming months as the rise in oil prices means a larger chunk of oil revenue...
On Friday, October 1, Nigeria marked its 61st Independence Day anniversary. It is worth looking back at how far the nation has come and the different...
President Muhammadu Buhari has approved the payment of N75,000 stipend per semester for undergraduate students of education at public universities across the country. The Minister of...
The Petroleum Products Pricing Regulatory Agency (PPPRA) has revealed that the Nigerian National Petroleum Corporation (NNPC) imported 100 per cent of 1.74 billion Premium Motor Spirit,...
Naira fell slightly against the U.S. dollar at the official market on Monday, amid 22.89 percent decline in foreign exchange supply. Data from FMDQ securities exchange...
For the first time in three years, oil prices jumped to above $80 on Monday as the Organisation of Petroleum Exporting Countries (OOEC) and its allies...
Airtel Africa PLC has announced a move to buy back shares held by its Nigerian subsidiary Airtel Networks Ltd. It has initiated a process to buy...
The Nigerian currency is starting the week strong after recording an impressive gain to the U.S dollars before the independence celebration break. According to data from...
Justice Taiwo Taiwo of the Federal High Court, Abuja, on Thursday gave the Central Bank of Nigeria (CBN) the approval to use the eNaira for its...
Sanusi Lamido, former Governor of the Central Bank of Nigeria (CBN) has again reiterated his calls for the removal of subsidy on petroleum products, describing it...
President Muhammadu Buhari has again blamed the activities of middlemen for the high cost of food in the country. According to the president, Nigeria’s food production...
The Central Bank of Nigeria (CBN) has postponed the launch of its digital currency, eNaira. The CBN’s Director of Corporate Communications, Osita Nwanisobi, disclosed this in...
The National Bureau of Statistics (NBS) said on Thursday a total of 5.3 million domestic passengers in Nigeria travelled by air between January and June this...