The Nigerian currency, Naira, experienced a historic low on Wednesday, reaching N1,320 per dollar on the parallel market, also known as the black market. The black...
China, the world’s second-largest economy, experienced one of its slowest growth rates in over three decades as its gross domestic product (GDP) expanded by 5.2% last...
The National Bureau of Statistics (NBS) released the December 2023 Consumer Price Index (CPI) on Monday, revealing a notable increase in inflation rates. The CPI, which...
To enhance value addition and bolster foreign exchange inflows through agriculture, Lagos State Governor Babatunde Sanwo-Olu has unveiled plans to establish three cocoa processing hubs in...
The Naira strengthened significantly in the Nigerian Autonomous Foreign Exchange Market (NAFEM), reaching N838.95 against the dollar, up from N890.54 last Friday. The currency rate fluctuated...
The African Export-Import Bank (Afreximbank) and the United Bank for Africa (UBA) have successfully disbursed $2.25 billion as part of the $3.3 billion oil-for-cash loan facility...
The Minister of Budget and Economic Planning, Atiku Bagudu, expressed optimism about an improvement in the exchange rate following the ongoing exchange reforms initiated by President...
In a strategic move to demonstrate its unwavering commitment to its workforce, Nova Bank, which has recently received shareholders’ approval to transition to a commercial bank,...
As the Port Harcourt oil refinery commences operations, the Nigerian National Petroleum Company Limited (NNPCL) has unveiled plans to transition the management of the government refinery...
The country’s inflation rate is now at 28.9 %, according to figures from the National Bureau of Statistics (NBS). This was disclosed in the NBS December...
