Economy

The Central Bank of Nigeria (CBN) in a bid to conserve foreign exchange (FX) has directed Authorised FX Dealers to stop opening Forms M,...

The Nigerian National Petroleum Corporation (NNPC) has paid $3.02 billion of outstanding cash contributions to joint venture (JV) partners including Royal Dutch Shell Plc,...

Nigerian banks have within nine days of implementing the Global Standard Instruction (GSI) recovered N50.32 million loans from individual borrowers, Kevin Amugo director, financial...

Nigeria expects to spend a record N12.65 trillion ($33.20 billion) in the 2021 budget despite severe revenue constraints, according to an outlook released by...

The Federal Government has disclosed that international flights will resume on 29th of August, according to a tweet by Hadi Sirika, minister of aviation. On...

Inflation figures for July 2020 released by the National Bureau of Statistics (NBS) shows that Nigeria’s headline inflation rose for the 12th consecutive month...

The number of jobless people in Nigeria, Africa’s largest economy increased to 21 million in the second quarter of 2020, as the unemployment rate...

Secondary market trading in Foreign Exchange (FX), fixed income products and Money Market Derivatives in Nigeria surged by 39 percent in June on the...

President Muhammadu Buhari signed into law the new Companies and Allied Matters Act (CAMA) on August 7, 2020. The new CAMA is Nigeria’s most significant...

The Nigerian Communications Commission (NCC) has said that commercial banks in Nigeria are currently owing over N17 billion to telecommunications companies, following the regulator’s...