Economy

Currency traders have blamed the persistent depreciation of the naira and the volatility in Nigeria's foreign exchange (FX) market on...

The Nigerian foreign exchange (FX) market witnessed a significant downturn in turnover during the first two weeks of August 2024,...

The Nigerian Electricity Regulatory Commission (NERC) has granted new permits to several companies, including MTN Communications Nigeria Limited, Golden Penny...

The federal, state, and local governments in Nigeria collectively gained an additional N2.74 trillion in revenue from exchange rate fluctuations...

The average retail price of Automotive Gas Oil, commonly known as diesel, experienced a notable decrease of 5.71% in July...

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has lauded the significant growth in Nigeria’s banking...

Fitch Ratings has downgraded the long-term issuer default ratings (IDR) of Union Bank of Nigeria, citing concerns over the bank's...

Nigeria is set to launch its first-ever dollar-denominated domestic bond next Monday, aiming to raise $500 million from both local...

Nigeria's inflation rate saw a notable decrease in July 2024, marking the first decline in 19 months. The headline inflation...

The Central Bank of Nigeria (CBN) has reduced the foreign exchange (FX) rate for importers to clear goods at Nigerian...