Economy

Moody’s has downgraded Nigeria’s long-term foreign currency, local-currency issuer ratings, and foreign currency senior unsecured debt ratings to Caa1 from...

Nigeria’s public debt stock increased from N42.84 trillion (103.31 billion dollars) in the second quarter of 2022 to N44.06 trillion...

The extension of the old naira note has come with huge dismay to some Nigerians who have struggled to change...

Nigeria’s external reserves had shown an unstable trend in the first month of 2023 following weak foreign investment flows and...

The Monetary Policy Committee's decision to aggressively tighten the monetary policy rate has raised several concerns, particularly among small firms....

Inflation is expected to be broadly elevated in 2023. This was disclosed in the ongoing monetary policy committee meeting by the...

The Lekki Deep Sea Port became operational on Monday 23rd January 2023. Nigeria opened the billion-dollar Chinese-built deep seaport commissioned...

Less than two months before the federal elections, Nigerians are becoming more concerned as the fuel shortage worsens. Since Monday,...

Nigeria’s secret police (SSS) has probed the CBN governor for alleged financial crimes relating to the nation’s multibillion-dollar public lending...

The Federation Account Allocation Committee (FAAC) has accused the Nigerian National Petroleum Company (NNPC) of using an exchange rate lower...