ECONOMY

The Central Bank of Nigeria (CBN) has disclosed that said the country's external reserves has hist to $40.2 billion as at 18 October 2024. Deputy Governor, Economic Policy, Muhammed Andullahi said at...

ExxonMobil has disclosed that the sale of Mobil Producing Nigeria Unlimited shares for $1.28 billion to Seplat Energy Plc. is nearing its conclusion. Seplat is a Nigerian energy company listed...

Non-Academic Staff Union of Educational and Associated Institutions (NASU) has raised an alarm cautioning the Federal Government on the plan to futher increase the price of petrol considering the free...

Following the National Assembly's reintroduction of 5 per cent excise duty on the telecommunications sector, previously exempted by former President Muhammadu Buhari, industry players have vehemently pushed back the federal...

The Nigerian National Petroleum Corporation (NNPC) Limited – Chevron Nigeria Limited (CNL) Joint Venture (NNPC-CNL JV) on Friday, 18 October disclosed that a major oil discovery was made at the...

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has clarified that the apex bank does not determine the foreign exchange rate, stating that it is driven...

Osagie Okunbor, managing director of Shell Petroleum Development Company (SPDC), and chairman of Shell Companies in Nigeria has debunked claims that the company is leaving Nigeria despite the decision to...

The World Bank in its recent 'Africa Pulse' report has listed the Nigerian Naira as one of the worst-performing currencies in Sub-Saharan Africa in 2024. The Naira as of August...

The Manufacturers Association of Nigeria (MAN) has re-emphasized the importance of a downward review of the electricity tariffs approved by the Nigerian Electricity Regulatory Commission (NERC) for the electricity distribution...

According to a report, Nigeria's oil exploration dropped year-on-year (YoY) by 6.7 per cent in September 2024, due to limited investment in the industry's upstream sector. The Organisation of Petroleum...