Economy

Nigeria’s External Reserves Drop by $731 Million in Early April

by Jide Omodele

April 28, 2026

Home Category Economy

Economy

Airlines Implement Time-Saving Strategies for More Efficient Operations

Business

Foreign Airlines Challenge CBN’s Assertion on Settling Unpaid Ticket Revenue Claims

by Victoria Attah

January 31, 2024

In a countermove against the Central Bank of Nigeria's (CBN) recent claim of concluding payments for all verified claims of...

Nigeria Market Highlights: Japaul Gold Ventures Leads Most Active Gainers, FCMB Surges By 7.03%

Commodities

Capital Market Operators Warn of Potential Decline in 2023 Dividends Amid Naira’s Free Fall

January 31, 2024

Capital Market Operators Warn of Potential Decline in 2023 Dividends Amid Naira's Free FallCapital market operators are cautioning that quoted...

BDC Operators Call for Increased Participation in Nigeria’s Foreign Exchange Market.

Naira Hits All-Time Low Against Dollar as Experts Warn of Economic Fallout

January 31, 2024

The Nigerian naira witnessed a significant decline, reaching an unprecedented low of N1,482 against the United States dollar at...

Oil Marketers Dismiss Claims of Dangote Refinery Selling Fuel in Dollars

Business

Dangote Refinery Buys 2 Million Barrels of Crude From Trafigura

Dangote Refinery has reportedly entered into an agreement with Trafigura Group, a United States-based oil trader, to procure two million...

Pension Funds Surge by 22% to N18tn – NAICOM Report Reveals

The National Pension Commission (PenCom) has reported a substantial 22.43% increase in Nigeria's Contributory Pension Scheme, reaching a total of...

Naira appreciates to N740/$ in the parallel market.

Naira Hits Record Low, Trading at N1348.63/$ on Official Market

The Nigerian Naira reached an unprecedented low of N1348.63 against the US Dollar on the official Nigerian Autonomous Foreign Exchange...

Banking

CBN Relocates 1,500 Staff to Lagos Office Amidst Controversy

At least 1,500 employees of the Central Bank of Nigeria (CBN) are set to resume operations at its Lagos office...

CBN to convert unclaimed money in dormant accounts for up to 10 years into Treasury Bills.

Banking

CBN Releases $500 Million to Tackle Forex Transaction Backlog

January 29, 2024

The Central Bank of Nigeria (CBN) has taken a significant step in addressing the backlog of verified foreign exchange transactions...

Nigeria’s Debt to China Surges by $800 Million in One Year

Nigeria Faces Debt Servicing Challenges in 2024 Amid Forex Market Volatility: PwC

January 29, 2024

A recently released report from Price Waters and Coopers (PwC) has raised concerns about Nigeria's ability to manage its debt...

NNPCL Reports Record Profit of N2.548tn, Uncovers 52 Illegal Refineries