Category: Local

Nigeria’s central bank devalued the naira by 7.6% against the dollar as authorities in Africa’s biggest oil producer migrate toward…

– Oil climbed to the highest level in nearly a week after Iran said that gaps remain in negotiations aimed…

Minister of Foreign Affairs, Geoffrey Onyema has charged officials of the ministry to change the negative narrative about the country…

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Nigeria’s central bank will…

Econet founder, Strive Masiyiwa, has been named Britain’s first black billionaire. Masiyiwa, who is based in London, is the only…

Currency speculators, who have in the past week engaged in an aggressive ‘stocking’ of the dollar at a premium in…

THERE are indications that last week witnessed bearish sentiments in the trio of stock, fixed income and money markets as…

The total debts owed by banks to telecommunications service providers arising from the use of Unstructured Supplementary Service Data (USSD)…

Abuja — Nigeria lost at least 52 million barrels of crude oil between May and December 2020 to COVID-19-induced compulsory…

Nigeria’s first deep seaport project, the Lekki Deep Sea Port, promoted by Lekki Port LFTZ Enterprise Limited, (LPLEL), will upon…

Nigerians may heave a sigh of relief, as the impact of full deregulation of petroleum products in the country by the Nigerian…

Nigerians have in their numbers voiced opposition against the Nigerian Communications Commission’s plan to obtain the International Mobile Equipment Identity…

As the headline inflation for April drops by 0.5 per cent to 18.12 per cent in April, Managing Director of…

Foreign exchange speculators will lose over N100 billion in the next month as the Central Bank of Nigeria (CBN) sustains…

Nigeria’s governors have called for a full deregulation of the country’s downstream oil sector so that pump price floats with…

Despite a drop in the demand for FX at the Investors and Exporters (I&E) window of the foreign exchange market on Thursday,…

Nigeria’s biggest data services firm, MainOne Cable Co., plans to almost double storage capacity over the next two years after demand…

Lagos-based airline, Green Africa, is set to commence ticket sales via its website – greenafrica.com ahead of flight operations following…

World Bank Group President David Malpass and Vice President for Western Africa, Ousmane Diagana, in a media roundtable on Thursday,…

Tougher times are here and any pretension to the contrary has been ripped to shreds with Wednesday’s resolution of the…

The Federal Government has agreed to release the Swiss-flagged San Padre Pio oil tanker that was seized in January 2018.…

Global cross-border payment company, WorldRemit, has said it would continue to reward customers who receive international money transfers through its…

The DMO held its monthly auction of FGN bonds on Wednesday. It offered its regular NGN150bn, raised NGN175bn (USD430m) and…

Following recent complaints on activities of illegal operations by private jet owners in Nigeria, federal authority has disclosed that culprits have been nabbed just…

Analysts at FBNQuest Research have expressed support for the Central Bank of Nigeria (CBN)’s extension of its “Naira 4 dollar…

Overwhelmed by the plethora of demands by Nigerians desirous of leaving the country and pressured by the producers of the…

The Nigerian Communications Commission has said Nigerians will have to submit the International Mobile Equipment Identity of their phones to…

Financial experts have decried the continuous devaluation of the naira by the Central Bank of Nigeria, stressing its adverse impact…