Economy

The International Monetary Fund (IMF) has stepped in to provide crucial financial assistance to Kenya, approving the disbursement of a...

LCCI Urges CBN to Remove Forex Restrictions on 43 Products.

The Lagos Chamber of Commerce and Industry (LCCI) has called on the Central Bank of Nigeria (CBN) to eliminate foreign...

Emadeb Energy Breaks NNPC’s Monopoly, Imports 27 Million Litres of Petrol into Nigeria.

In a significant development for Nigeria's fuel supply chain, Emadeb Energy Services Limited has shattered the long-standing monopoly held by...

Currencies

Widening Gap After Exchange Rate Unification: I&E Window vs. Parallel Market Rate.

by Jide Omodele

The recent unification of the exchange rate in Nigeria aimed to close the gap between the Investors and Exporters (I&E)...

FG to Sanction Trade Associations for Anti-Competitive Practices and Food Price Hikes.

In a bid to address the issue of anti-competitive practices and the arbitrary increase in food prices, the Federal Government...

Nigeria’s Economy at Risk: UK’s Naira Deal Sparks Liability Concerns and Sky-High Interest Rates

The recent decision by Britain's export finance agency to add the Nigerian naira to its list of "pre-approved currencies" marks...

Currencies

Britain to add Nigeria’s naira to list of accepted trade currencies.

by Jide Omodele

In a move signaling its commitment to bolstering trade ties with Nigeria, Britain's export finance agency has announced the inclusion...

NNPC Increase Pump price to N617 Per Litre Amidst Economic Hardship

The Nigerian National Petroleum Company Limited (NNPCL) has recently taken a surprising and concerning step by announcing a significant increase...

Identifying the Factors Behind Nigeria’s Petrol Inflation Surge.

The inflation figures for Nigeria in June 2023 recorded a slight increase compared to the previous month. This rise can...

Petrol Consumption Reduced to 46.34 Million Litres per Day Following Subsidy Removal- NMDPRA.