Economy

S&P Global Ratings declared that Ethiopia made a selective default after the government missed a coupon payment Monday and announced it wouldn’t pay it...

Global oil demand growth is materially slowing down this quarter compared to the third quarter, the International Energy Agency (IEA) said on Thursday, but at...

The Nigerian National Petroleum Company Limited (NNPCL) says it discovered over 4,800 illegal connections on oil pipelines in the country in what is a...

Former Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, has called for a proper audit of the Nigerian National Petroleum Company...

The Central Bank of Nigeria (CBN) says it will freeze accounts without a Bank Verification Number (BVN) or National Identification Number (NIN) from April...

President Bola Tinubu presented the 2024 budget to the National Assembly’s joint session on Wednesday. It is President Tinubu’s first full-year budget since he assumed...

The Supreme Court on Wednesday ordered that the old N200, N500, N1000 notes should continue to co-exist with the new naira notes till further...

President Bola Tinubu has written the House of Representatives seeking the approval of the green chamber for $8.6bn and €100m external borrowing plan for...

President Bola Tinubu will present the 2024 budget to the National Assembly on Wednesday. This is according to a memo dated November 27, 2023, signed...

Nigeria’s central bank has urged lenders to recapitalise their balance sheets in the face of high inflation, currency weakness and slow economic growth. “We must...