Category: Local

Crude oil production in Nigeria extended its decline to 1.32 million barrels per day in November on the back of…

The Central Bank of Nigeria (CBN) has issued additional guidelines to prevent operators from paying diaspora remittances in local currency.…

This was disclosed by Ini Ememobong ,Honourable Commissioner for Information & Strategy in a statement on Wednesday. He said the…

During the midweek session, the digital currency rose by more than 11.3 per cent to reach N10,467,000.00, extending its gaining…

Federal Executive Council (FEC) has approved the reopening of four land borders with immediate effect, while others will be reopened…

A contempt charge has been instituted against the Governor of Central Bank of Nigeria, Godwin Emefiele, over his alleged refusal…

The Nigerian Ports Authority, NPA, has warned shipping firms in Nigeria against not allowing empty containers into their holding bays,…

The Nigerian Institute of Building (NIOB) has said the significant rise in cement prices in the country and the low…

Nigeria recorded $414.79m Foreign Direct Investment in the third quarter of 2020 out of a total of $1.46bn capital inflow…

The Federal Government on Tuesday in Abuja called on Nigerians in the Diaspora to be part of its programmes and…

Headline inflation which measures the total rise in prices within an economy, including commodities such as food and energy prices…

Forex turnover rose by 3.4%, as the Naira’s exchange rate at the NAFEX window maintained stability against the dollar to…

This is the lowest level since April when it touched $33.4 billion in the wake of the COVID-19 pandemic and…

Nigeria has given telecommunication providers two weeks to add valid National Identification Numbers (NIN) to every SIM card registered in…

The Naira extended its stability against the United States Dollar into a second day at the various windows of the…

The Federal Government says it will leverage the opportunities provided by the African Continental Free Trade Area Agreement (AfCFTA) to…

Nigeria’s economy is likely to contract by more than 4% this year, plunging the country into its deepest recession since…

Nigerian inflation quickened to an almost three-year high in November as dollar shortages, insecurity in farming areas and supply bottlenecks…

After threatening to withhold $1.5 billion until Nigeria carries out foreign exchange reforms to its satisfaction, the world Bank has…

Annual inflation in Nigeria rose in November for the 15th straight month, to almost a three-year high, the National Bureau…

This is contained in the December 2020 Nigeria Economic Alert released by the firm on Monday. It projected that the…

The National Association of Small and Medium Enterprise has advised the President, Major General Mohamadu Buhari (retd.), not to succumb…

A FEDERAL High Court sitting in Asaba Delta State has ruled that it is illegal for banks to charge depositors…

The country’s foreign reserves fell by $269.47m in five weeks, the latest figures obtained from the Central Bank of Nigeria…

The Federal Government has suspended issuance of licences for the operations of Free Trade Zones (FTZs) in the country. The…

Non-performing loans in the Nigerian banking sector fell by N42.4bn in three months, latest figures from the National Bureau of…

Brent crude topped $50 a barrel last week for the first time since March, a milestone for an oil market…

Algerian Energy Minister Abdelmadjid Attar said on Sunday that OPEC+ countries will meet on Jan. 4 to study the market…

At a pump price of N167 per litre, Nigerians are currently overpaying for fuel, an industry expert, Alhaji Rabiu Bello…