ECONOMY

Today's Naira depreciated to N1,750 per dollar in the parallel market from N1,745 on Thursday. But the Naira appreciated to N1,652.62 per dollar in the Nigerian Autonomous Foreign Exchange Market,...

The Nigerian National Petroleum Corporation Limited (NNPCL) says it has started selling its latest crude oil grade, the Utapate crude oil blend, to global refiners, six months after exploration commenced....

The International Monetary Fund (IMF) has laid out recommendations on how to make Tinubu Administration reforms acceptable and supported by the citizens. The IMF, in its latest Regional Economic Outlook...

At the weekend, the National Bureau of Statistics (NBS) said the country's headline inflation rose to 33.88 per cent in September 2024, with both core and food inflation driving the...

On Wednesday, the Organisation of Petroleum Exporting Countries (OPEC) said Nigeria’s oil output, excluding condensate, was 1.434 million barrels per day, bpd, in October 2024. This marks a significant difference...

According to the Central Bank of Nigeria (CBN), many businesses have less confidence in the economy, with the Overall Confidence Index falling by 3.2 index points to 14.5 from 17.7...

The naira is forecasted to depreciate to N1,993 against the United States dollar by 2028, posing a significant challenge to Nigeria’s pharmaceutical industry, particularly in importing essential medical devices, a...

The Nigerian National Petroleum Company Limited (NNPCL) has stopped importing refined petroleum products and is now off-taking the product from the Dangote Petroleum Refinery and other local refineries. Mele Kyari,...

The Naira gained on Monday, 11 November to N1,730 per dollar in the parallel market from N1,740 per dollar last weekend However, the Naira depreciated to N1,681.42 per dollar in...

The Manufacturers Association of Nigeria (MAN) has said that the country's poorly performing energy sector has become a bane for industrial growth and positioning to create jobs and cull investments....