Economy

The amount of money Nigeria expends in serving its debt and meeting obligations far exceeds the government’s capital expenditure spending, which undermines the country’s...

Nigeria’s inflation rate rose to 19.64 per cent in July, the National Bureau of Statistics (NBS) said on Monday. The Consumer Price Index (CPI), which...

Nigerian companies are investing in new assets, a move that is encouraging to investors who fret that deteriorating consumer purchasing power, foreign exchange scarcity,...

The International Energy Agency (IEA) has cut Nigeria’s sustainable oil output by about 200,000 barrels per day (bpd), the agency said in its July...

Nigerian governors advised President Muhammadu Buhari-led's government to take some urgent steps as part of coordinated efforts to instill fiscal discipline and prevent the...

His Highness, Sanusi Lamido Sanusi, CON, Mohammadu Sanusi II, the Khalifa of the Tijanniyah Sufi Order of Nigeria, on Thursday, expressed his angst at...

 …as Exxon, Chevron report record profits Nigeria is failing to benefit from higher oil prices as oil firms (some of which) have major operations in...

The Central Bank of Nigeria (CBN) has assured that it would continue to make deliberate efforts in the foreign exchange sector to avert further...

The naira has crashed further in the parallel market, trading for N710 against the U.S. dollar. The national currency, which traded for N670 against the...

The balance in Nigeria’s Excess Crude Account (ECA) has reduced significantly from the $35.7 million it was as of June 2022 to $376,655.09 as...