External reserves record 0.29% growth

Geregu Power Plc, the pioneering power company listed on the Nigerian Exchange Limited (NGX), has marked a significant achievement by...

Naira Hits Drops to N1300/$ at the Parallel Market, Calls for National Concern

Naira recorded a further depreciation against the US Dollar on Tuesday, January 16, 2024, reaching a new low of N1300/$...

Shell Reports $6.2 Billion Profit for Q3, 2023

Shell Announces $2.4 Billion Exit from Nigerian Onshore Oilfields

In a strategic move signaling a departure from onshore oil production, Shell, the energy giant, has finalized an agreement to...

FIRS to Boost Tax Revenue by 57% to N19.4 Trillion in 2024

The Federal Inland Revenue Service (FIRS) is set to embark on a bold mission to increase tax revenue by an...

Food inflation and energy costs have eroded global living standards – IMF

Nigeria’s Inflation Rate Climbs to 28.92% in December 2023: An In-Depth Analysis

Nigeria, grappling with economic challenges, witnessed a surge in its inflation rate for December 2023, reaching 28.92%, according to the...

Germany’s Economy Contracts by 0.3% in 2023 Amid Budgetary Crisis

Germany, home to Europe's largest economy, faced economic headwinds in 2023 as it contracted by 0.3% year-on-year, according to the...

Naira Slumps to N640/$1 in the Parallel Market as Excess Demand Weighs on Supply

Naira Hovers Around N1300/$ in Unofficial Market as U.S. Dollar Gains.

Naira remained stable within its lower range on both the Peer-to-Peer (P2P) market and the black market, while the U.S....

Dangote Bounces Back, Gains N313.2 Billion in 24 Hours Following Stock Losses

Dangote Refinery Approves Seven Major Marketers for Product Distribution

Seven major oil marketers have received approval for the distribution of refined petroleum products from the prestigious Dangote Petroleum Refinery....

Afreximbank and UBA Disburse $2.25bn of $3.3bn Oil-for-Cash Loan to NNPC