Economy

Nigeria has been identified as the most cash-dependent economy in the world for 2023, with 55% of all financial and...

Nigeria's foreign trade payments via Letters of Credit (LCs) saw a significant decline in the first seven months of 2024,...

The Nigerian naira experienced further depreciation against the U.S. dollar during the final trading session of August, reflecting ongoing challenges...

The Nigerian naira made a strong recovery on Thursday, August 29, 2024, after briefly crossing the N1,600 mark against the...

The amount of currency circulating outside Nigeria's banking system experienced a significant drop in July 2024, decreasing to N3.66 trillion....

The Fast-Moving Consumer Goods (FMCG) sector in Nigeria witnessed a notable downsizing of its workforce in 2023, reflecting the ongoing...

The Central Bank of Nigeria (CBN) has officially lifted the suspension on bank borrowing from its Standing Lending Facility (SLF),...

The Nigerian Export Promotion Council (NEPC) has reported a significant increase in non-oil exports, generating $2.7 billion in the first...

Nigerian Breweries Plc has received the green light from both the Securities and Exchange Commission (SEC) and the Nigerian Exchange...

In a significant move to address Nigeria's long-standing electricity metering gap, the Federal Government, in collaboration with state governments, has...