Economy

The Central Bank of Nigeria (CBN) has finally lifted the foreign exchange restrictions it placed on importers of 43 items eight years ago. The CBN...

The International Monetary Fund (IMF) has reduced its GDP growth forecast for the Nigerian economy in 2023, issuing revised figures in its World Economic...

By Abdulwaheed Olayinka Adubi, Kaduna. The Archbishop of Diocese of Kaduna , Anglican communion, Most Reverend Timothy Yahaya, has urged the Tinubu led administration to...

Nigeria’s external reserves fell by $841.75m between July and September, figures obtained from the Central Bank of Nigeria revealed. The CBN revealed in its report...

President Bola Tinubu administration has announced indefinite suspension of the multi-billion naira N-Power programme and a probe of how it has been administered since...

The World Bank has cautioned three African Central Banks; the Central Banks of Nigeria (CBN), Ethiopia, and Uganda against taking risky monetary initiatives. These initiatives,...

Exxon is in talks to acquire Pioneer Natural Resources in a deal that could be worth up to $60 billion, the Wall Street Journal...

The Minister of Works Sen. David Umahi says that the ministry needs a total of N217Billion to reconstruct 260 road projects and eight bridges...

A widening gap between the official and parallel market exchange rates of the Nigerian naira indicates the government’s lack of capacity to stabilize the...

State governors borrow about N46.17bn from three banks to pay salaries between January and June 2023, according to findings by The PUNCH. The findings were...