Economy

The naira experienced a sharp depreciation on Monday, dropping 2.31% to 1690.37/$ at the National Autonomous Foreign Exchange Market (NAFEM),...

Barely 48 days to the end of 2024, Nigeria’s 2025 budget remains conspicuously absent. This delay—already 44 days beyond the...

Rate Cuts: Over Before They Begin? Recent Fed commentary suggests that the anticipated rate-cutting cycle may be shorter-lived than initially...

The Federal Government of Nigeria is set to experience a significant rise in personnel and pension costs in 2025, driven...

Nigeria's expenditure on foreign debt servicing has skyrocketed by 107.7% within the first eight months of 2024, reaching N3.8 trillion,...

Foreign investments in the Nigerian Exchange Limited (NGX) hit a record low of ₦11.26 billion in September 2024, marking the...

The Nigerian naira has hit a multi-week low, failing to sustain its ₦1,650/$ support level in the official market. At...

The persistent scarcity of foreign exchange (FX) has compelled Nigerian manufacturers to increasingly source raw materials locally, according to a...

Nigeria's Vice President, Kashim Shettima, announced a significant boost in the country’s external trade balance, which reached N6.5 trillion in...

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has reached an agreement with the Dangote Petroleum Refinery to buy petrol...