Economy
FG Recovers N57 Billion Debt from 10 MDAs, Unveils Debt Recovery Drive
The Federal Government has announced a significant milestone in its efforts to recover outstanding debts owed by Ministries, Departments, and...
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Nigeria’s External Reserves Drop to $32.1 Billion Despite CBN Clarifications
Despite recent statements from the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, concerning the country's external reserves, data from...
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EFCC Freezes 300 P-to-P Forex Accounts to Avert Further Naira Crash
The Economic and Financial Crimes Commission (EFCC) has taken decisive action to curb illicit peer-to-peer forex trading, freezing approximately 300...
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Stations Maintain High Pump Prices Despite Dangote’s Diesel Price Cut
Despite the recent reduction in diesel price announced by Dangote Petroleum Refinery, oil marketers across Nigeria have maintained high pump...
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Official Exchange Rate Hits Month-to-Date Low of N1300/$1, Depreciates by 17.4% in 5 Days
Nigeria's official exchange rate plummeted to a month-to-date low of N1300/$1 on Tuesday, April 23, 2024, as reported by data...
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FEC Approves Restructuring and Rationalization of Federal Government Agencies
In a significant move aimed at streamlining government operations and enhancing efficiency, the Federal Executive Council (FEC) has approved the...
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London Stock Market Hits Record High Amid Global Economic Factors
London's FTSE 100 stocks index soared to record highs on Tuesday, reaching 8,076.52 points shortly after opening, surpassing the previous...
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Nigeria Anticipates $2.25 Billion World Bank Loan Approval in June
Nigeria is on track to secure a $2.25 billion loan from the World Bank, with final approval expected in June...
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Naira Plummets to N1,234/$ at Official Market as Speculators Resume Hoarding
The Nigerian naira experienced a significant depreciation against the United States dollar, reaching N1,234 at the official foreign exchange market...
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Naira Experiences First Weekly Decline in 6 Weeks on Unofficial Market
In a deviation from its recent winning streak, the Nigerian naira witnessed its first weekly decline against the American dollar...
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