ECONOMY

The Nigerian Ports Authority said that seven ships would berth with crude oil on Friday at the Lagos ports. The NPA, in its “Daily Shipping Position’, said that seven vessels,...

The Central Bank of Nigeria (CBN) has said that the broad money supply (M²)  increased by 64.6 per cent year-on-year, YoY, to N108.95 trillion in September 2024, from N66.17 trillion...

Central Bank of Nigeria(CBN) governor, Olayemi Cardoso has said that the apex bank from 2025 will regularly share information on the nation's Net external reserves. The governor said this at...

The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says the country’s daily petrol consumption currently ranges from 45 million litres to 50 million litres. NMDPRA’s Chief Executive Officer, Mr...

The International Monetary Fund (IMF)'s managing director, Kristalina Georgieva has said that high prices are hurting families. Speaking at the Global Policy Agenda 2024 briefing of the ongoing Annual Meetings...

Oil marketers have raised alarm over the continued losses and the threat of about 10,000 dealers shutting down as a huge number of consumers shun fuel consumption across the country...

The Federal Government is set to introduce 50 percent tax relief for companies that increase salaries or offer transportation allowances to low-income workers as part of a new legislative bill...

The Naira yesterday depreciated to N1,739 per dollar in the parallel market from N1,735 per dollar on Wednesday, 24 October 2024. However, the Naira appreciated to N1,601.2 per dollar in...

The Central Bank of Nigeria (CBN) has disclosed that said the country's external reserves has hist to $40.2 billion as at 18 October 2024. Deputy Governor, Economic Policy, Muhammed Andullahi said at...

ExxonMobil has disclosed that the sale of Mobil Producing Nigeria Unlimited shares for $1.28 billion to Seplat Energy Plc. is nearing its conclusion. Seplat is a Nigerian energy company listed...