The Debt Management Office (DMO) has announced an offering for the federal government of Nigeria (FGN) savings bonds at N1,000 per unit. This is according to...
Top players in the Nigerian Palm oil industry, Okomu Oil Palm Company and Presco PLC has announced their audited half-year financial results ended June 30, 2021,...
Nigerian banks on Monday sold the U.S dollars at N412 to Nigerians, check by Ripples Nigeria has shown. While on the street, currency traders price the...
The Nigerian National Petroleum Corporation (NNPC) has announced plans to declare its first dividends to Nigeria, 44 years after establishment. The Group Managing Director, Mele Kyari,...
Nigerian manufacturers ran on increased production cost in the first half of the year, as foreign exchange challenges, epileptic power supply continue to batter their bottom-line...
The International Monetary Fund (IMF) has expressed its readiness to grant more loans to Nigeria and other developing countries. IMF stated this in its recently published...
The Nigerian National Petroleum Corporation (NNPC) has announced an increase in the country’s daily supply of Premium Motor Spirit, also known as petrol, in March. This...
Nigeria’s currency lost 2.18 percent of its value to the dollar this week on the parallel market known as the black market. Naira had begun the...
Ardova Plc has reported a drop in its revenue due to weak sales in fuel and solar systems. According to its unaudited financial statements for the...
MTN Nigeria produced an exceptional half-year performance, with all key revenue segments increasing from the previous year. Although its mobile subscribers declined by 7.6 million to...
In the next few days, the US government will supply 10 million vaccines to South Africa and Nigeria. 5.6 million Pfizer doses will be going to...
The losing streak in the Nigerian capital market reached the third day on Thursday following the drop in the market capitalization to N20.051 trillion at the...
The Association of Bureaux De Change Operators of Nigeria (ABCON) has assured the citizens that Bureaux De Change (BDCs) operators are still providing foreign exchange services...
The Central Bank of Nigeria (CBN) has announced it will commence immediate refund of minimum capital deposits and licensing fees to Bureaux de change (BDCs) promoters...
The Federal Government has approved the establishment of zonal offices for the National Board for Technical Education (NBTE) in the six geo-political zones of the country....
The number of confirmed monkeypox cases has increased by 62.5 percent in the country, the Nigeria Centre for Disease Control (NCDC) revealed on Wednesday. In a...
The Nigerian Naira is currently trading at its lowest rates to the dollars ever in the black market, less than 24 hours after Central Bank of...
The Central Bank of Nigeria (CBN) has disbursed N2.28 trillion across various sectors of the nation’s economy in the last few months. The apex bank disclosed...
The Central Bank of Nigeria (CBN) said on Tuesday non-performing loan ratio in the Nigerian banking sector dropped to 5.7 percent at the end of June....
Some currency dealers have responded to the Central Bank of Nigeria (CBN) Tuesday’s decision to halt the sale of dollars to Bureau de Change (BDC) operators....
Nigeria’s electronic payment ecosystem continues to show great potential, with transaction values reaching N130 trillion in the first six months of 2021. According to data obtained...
The Central Bank of Nigeria (CBN) has announced that it would no longer sell dollars to Bureau De Change (BDC) operators as of today (Tuesday). Godwin...
As Nigeria grapples with rising food prices, Aminu Goronyo the president of Nigerian Rice Farmers Association has explained why the cost of rice is skyrocketing in...
On the black market on Monday, the naira climbed against the pound and euro, while the dollar exchange rate remained unchanged from the previous trading session....
A Federal High Court in Abeokuta has issued an interim order barring the federal government from accessing unclaimed dividends of capital market shareholders worth more than...
Three government-owned refineries being run by The Nigerian National Petroleum Corporation (NNPC) have reported a N10.3billion loss in the first two months of 2021. According to...
Despite the enthusiasm that greeted the start of the year by Nigerians, the sluggish growth of the nation’s economy has resulted in poor performance by some...
An increasing number of young Nigerians are looking to leave the country in search of a brighter economic future, according to the World Bank. This was...
Despite being Africa’s largest economy, Nigeria’s Gross Domestic Product (GDP) has risen at one of the slowest rates among Sub-Saharan African countries during the past six...
Trading ended in the Nigerian stock market on Friday with investors gaining over N40 billion. The market capitalisation was up by 0.20 percent after increasing from...
The People’s Republic of China has assured Nigerians that the country would not slip into a debt trap since its loans are mutually beneficial. Mr Cui...
It was mixed outing for the Naira on Thursday against the U.S dsollars, following two-day Sallah holiday. While the Naira gained to the dollars at official...
The Nigerian stock exchange resumed from the two days Sallah break on a positive note as investors gained N330 billion on Thursday. Trading ended on the...
Dubai, the most populous city in the United Arab Emirates (UAE), is making its own rain to beat the 122 Fahrenheit heat caused by climate change....
In the last one year, Nigeria has exported N132 billion worth of helicopters, according to figures obtained from the National Bureau of Statistics (NBS) foreign trade...
Many Nigerian families who had planned to celebrate Eid-el-Kabir holidays were forced to provide their own electricity as power generation fell below 4000 megawatts. Distribution companies...
The Asset Management Corporation of Nigeria (AMCON) has revealed that 350 debtors account for over N2.053 trillion, which is more than 70 percent of the total...
Nigeria’s currency on Monday lost 0.31 percent to the dollar at the official market. According to data from FMDQ securities Nigerian currency exchanged at N411.67k /1$...
In the first six months of the year, Nigerian companies have raised a total of N233.32 billion in commercial papers. Commercial paper is a commonly used...
National Bureau of Statistics (NBS) has revealed that the average price per litre of National Household Kerosene paid by customers climbed to N370.29 in June from...
The federal and state governments borrowed at least N107.1 billion from Nigerian banks in the first five months of this year to make up for revenue...
Nigeria’s currency, the naira is beginning the new week 0.20 percent weaker than it did last week in the parallel market segment. According to statistics uploaded...
In six years, President Muhammadu Buhari’s administration has withdrawn $2.13 billion from the Excess Crude Account (ECA). The ECA has been depleted from $2.2 billion in...
The Federation Accounts Allocation Committee (FAAC) on Friday shared a total of N733.095 billion as June 2021 Federation Account Revenue to the Federal, States and Local...
The Central Bank of Nigeria has listed Bua Sugar Refining Limited, Dangote Sugar Refining Plc; and Golden Sugar Company, as the only companies allowed to import...
As politicians argue over the 3 or 5 percent community allocation in the Petroleum Industry Bill (PIB) data shows that export markets for Nigeria’s crude oil...
Nigeria’s inflation rate decreased to 17.75 percent in June, from 17.93 percent in May according to the ‘Consumer Price Index Report for June’, released by the...
It is no longer news that Nigeria intends to take additional loans in the coming years to close budget gaps. The news is that in the...
The Senate on Thursday approved a three percent allocation for host communities in the Petroleum Industry Bill (PIB) amid protests from southern lawmakers in both houses...
On Wednesday’s official market, the naira rose slightly versus the US dollar to close at N411.22/$1. Data posted on the FMDQ Security Exchange where forex is...