ECONOMY

By January 2025, Nigeria’s oil output including condensate, increased by 4 per cent month-on-month (MoM) to 1.737 million bpd from 1.667 million bpd as recorded in the preceding month of...

The naira appreciated by three per cent against the dollar in the parallel market over the past week, closing at N1,570/$1 yesterday, gaining N50 within five days. The nation’s currency...

The loading cost of Premium Motor Spirit (PMS) at privately-owned depots fell to ₦925 per litre on Monday, marking a ₦27 decrease from the ₦952 price set by the highest-selling...

The Naira appreciated further yesterday in the parallel market to N1,610 per dollar from N1,615 per dollar last Friday, as weak dollar demand persists. However, the Naira depreciated to N1,495.6...

The Central Bank of Nigeria (CBN) has reaffirmed its commitment to empowering young Nigerians through youth-friendly credit policies and capacity-building programmes to foster economic growth and innovation. Speaking at the...

The Nigeria Labour Congress (NLC) has declared plans to embark on a nationwide mass rally on Feb. 4 over the 50 per cent hike on telecom services by the Nigeria...

A Central Bank of Nigeria (CBN) Survey report has shown that high bank charges, poor infrastructure, unfavourable economic climate, insecurity, and access to credit were top business constraints in December...

The Naira yesterday appreciated to N1,630 per dollar in the parallel market from N1,640 per dollar on Tuesday. Similarly, the Naira appreciated to N1,507 per dollar in the official foreign...

The National Bureau of Statistics (NBS) is currently undertaking a rebasing exercise for Nigeria’s Gross Domestic Product (GDP) and Consumer Price Index (CPI). This initiative is aimed at ensuring that...

PwC has projected that Nigeria’s inflation will decline to 26 per cent, while the exchange rate will remain stable in 2025. PwC partner and Lead for strategy & West Africa,...