Oil prices edged lower on Monday towards $40 per barrel on Monday as coronavirus infections leapt across the world even though investors expressed measured optimism regarding...
Africa Investment Forum, a brainchild of the African Development Bank (AfDB), Monday announced it would commit $3.79 billion to 15 private sector projects in Nigeria and...
The Asset Management Corporation of Nigeria (AMCON) has declared it has devised a new receiver procedure that would accelerate the pace of asset recovery process by...
Last week, the Nigerian bourse posted losses Monday, Tuesday and Friday but reported gains on Wednesday and Thursday Friday, the development and other fundamental factors informing...
The Nigerian Investment Promotion Commission (NIPC), which stimulates and monitors investments in the country, said gross investment commitment to the Nigerian economy in the first half...
Nigeria’s gross revenues climbed to N653.35 billion ($1.7 billion) in June, a 26.2% leap over the figure for May, standing at N517.8 billion due to growth...
Banks will from Monday cap customers’ overseas debit card spending in an effort to avert foreign currency settlement trouble, according to lenders, as Nigeria battles acute...
The Nigeria government Friday kicked off a test-run of newly acquired coaches for the completed Itakpe-Warri standard gauge rail line. “Today we started test-run of the...
The equity market of the Nigerian Stock Exchange (NSE) racked up further loss this week following a decline in the total value of stocks by N9.757...
The Nigerian Stock Exchange (NSE) ended Friday’s trade on a negative note amidst, with sell pressure on bellwether stocks like Nigerian Breweries and GTB while Dangote...
The World Bank Thursday revealed that around 42% of the Nigeria’s workforce lost their jobs between March and June following the shutdown of the economy in...
Dangote Group’s fertiliser plant, previously timed to start operation in May, will now tee off production next February, Bloomberg said on Thursday, quoting Saipem SpA, the...
Nigeria’s Consumer Price Index, which measures inflation using the weighted average price of a basket of a number of consumer essentials, jumped 0.16% higher to 12.56%...
Nine or one-third of Nigeria’s 27 power plants were idle on Thursday, making 2,079.1 megawatts (mw) out of the nation’s total generation capacity remain idle. Total...
Nigeria’s foreign reserves depleted by $454 million from $36.572 billion to $36.118 billion in the 45-day period between 1st June and 15th July, latest data from...
The Nigerian government has said the Covid-19 N2.3 trillion stimulus package, forming part of its Economic Sustainability Plan, has among its ambitions a rescue plan for...
The Nigerian Stock Exchange (NSE) sustained the previous session’s rally Thursday as MTN and Airtel –two heavyweight telco stocks, also two of the three most capitalised...
It is probable that the naira will stay under sustained pressure from the United States dollar on the parallel market in the week ahead as demand...
Oil prices fell on Thursday following the resolution by the Organisation of the Petroleum Exporting Countries (OPEC) and its Russia-led allies to relax record production curbs...
The exchange rate of naira closed at N470 to the United States’ dollar at the unofficial parallel market on Wednesday, signalling a 1.1% markdown from that...
The recent evacuation endeavour by Air Peace to bring home Nigerians trapped in the United Kingdom following the coronavirus outbreak was stalled by the UK and...
The Nigerian Stock Exchange (NSE) found recovery on Wednesday following two sessions of successive losses as heavy buy demand for the shares of Airtel Africa, Dangote...