ECONOMY

On Wednesday, the Organisation of Petroleum Exporting Countries (OPEC) said Nigeria’s oil output, excluding condensate, was 1.434 million barrels per day, bpd, in October 2024. This marks a significant difference...

According to the Central Bank of Nigeria (CBN), many businesses have less confidence in the economy, with the Overall Confidence Index falling by 3.2 index points to 14.5 from 17.7...

The naira is forecasted to depreciate to N1,993 against the United States dollar by 2028, posing a significant challenge to Nigeria’s pharmaceutical industry, particularly in importing essential medical devices, a...

The Nigerian National Petroleum Company Limited (NNPCL) has stopped importing refined petroleum products and is now off-taking the product from the Dangote Petroleum Refinery and other local refineries. Mele Kyari,...

The Naira gained on Monday, 11 November to N1,730 per dollar in the parallel market from N1,740 per dollar last weekend However, the Naira depreciated to N1,681.42 per dollar in...

The Manufacturers Association of Nigeria (MAN) has said that the country's poorly performing energy sector has become a bane for industrial growth and positioning to create jobs and cull investments....

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) says the Dangote Petroleum Refinery's decision to sell petrol at N990/litre is an inconsiderate move, especially as the company enjoyed...

Minister of Finance and Coordinating Minister of the Economy, Wale Edun has said Nigeria’s economy has reached a new dawn and threshold to attract investments. He spoke this morning while...

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...