ECONOMY

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has clarified that the apex bank does not determine the foreign exchange rate, stating that it is driven...

Osagie Okunbor, managing director of Shell Petroleum Development Company (SPDC), and chairman of Shell Companies in Nigeria has debunked claims that the company is leaving Nigeria despite the decision to...

The World Bank in its recent 'Africa Pulse' report has listed the Nigerian Naira as one of the worst-performing currencies in Sub-Saharan Africa in 2024. The Naira as of August...

The Manufacturers Association of Nigeria (MAN) has re-emphasized the importance of a downward review of the electricity tariffs approved by the Nigerian Electricity Regulatory Commission (NERC) for the electricity distribution...

According to a report, Nigeria's oil exploration dropped year-on-year (YoY) by 6.7 per cent in September 2024, due to limited investment in the industry's upstream sector. The Organisation of Petroleum...

Nigeria’s inflation rate rose to 32.7 per cent in September 2024 after a 2-month decline to 32.15% in August, due to a greater increase in food prices and transportation costs...

Central Bank of Nigeria (CBN)'s governor Olayemi Cardoso said yesterday that the country’s foreign reserves rose by 12.74 per cent to $39.12 billion as of October 11. Cardoso said inflation...

Chief economist and vice president at the World Bank Indermit Gill, said that the federal government should sustain ongoing reforms despite the economic challenges posed to Nigerians. Gill also commended...