The Foreign Trade in Goods Statistics (Q1 2024) released by the National Bureau of Statistics (NBS) shows that Nigeria recorded a trade surplus of N6.52 trillion in...
The Securities and Exchange Commission (SEC) has released a framework designed to support the Central Bank of Nigeria’s (CBN) bank recapitalization programme. This framework, published on...
Commercial crude oil production started in Nigeria in 1956 but local crude oil refining did not start until 1965 when the first crude oil refinery was...
Since the harmonisation of the foreign currency market segments in Nigeria one year ago, the naira has depreciated by about 214.64 per cent against the dollar....
Access Bank PLC has finalized the acquisition of BancABC Tanzania, consolidating its operations in East Africa as part of its expansion strategy. This achievement comes after...
The European Commission on June 12 announced additional tariffs of up to 38.1 percent on China-made electric vehicles (EVs) for what it claims to be an...
Aliko Dangote, the Chairman of Dangote Group, has revealed that his $20 billion 650,000 barrels per day Lagos-based refinery will crash the price of fuel as...
On the future of Wema, Unity and Polaris banks, the Central Bank of Nigeria has said there is no plan to revoke their licences. The acting...
The Naira appreciated in the parallel market to N1,485 per dollar from N1,490 per dollar on Monday. However, the Naira appreciated to N1,473.66 per dollar in...
BlackRock, one of the world’s leading asset managers, has announced its decision to liquidate its iShares exchange-traded funds (ETFs) valued at $400 million in Nigeria and...
Billionaire entrepreneur, Elon Musk said on Monday that if Apple integrates OpenAI into its operating system, he will prohibit the use of Apple products across his...
The Nigerian National Petroleum Corporation Limited, NNPCL, has debunked allegations that it inflated subsidy claims by N3.3 trillion. NNPLC spokesperson Olufemi Soneye disclosed this in a...
Latest data from the Central Bank of Nigeria has indicated that currency outside of bank vaults declined by 0.62 per cent to N3.61tn in April from...
Harry Dent, the outspoken financial author and economist, isn’t reversing course from his bold “crash of a lifetime” declaration this past December. Speaking in an updated...
A total sum of N1,143.210 billion May 2024 Federation Accounts Revenue has been shared to the Federal Government, States and Local Government Councils in the country....
The African Development Bank (AfDB) has committed to delivering electricity to 300 million people by 2030, as announced by AfDB President Akinwumi Adesina during the 10th...
The International Monetary Fund (IMF) has projected Nigeria’s economy will rise to at least $1.85 trillion in purchasing power parity terms by 2029. PPP is a...
The newly appointed Group Managing Director of Zenith Bank Plc, Dr. Adaora Umeoji, assumed duty at the bank’s head office in Lagos on Monday. The company...
The International Air Transport Association has confirmed that the Central Bank of Nigeria has cleared foreign airlines trapped funds worth $831m from June last year to...
Aliko Dangote, the owner of the $20 billion Dangote Refinery, has blamed beneficiaries of fuel importation in other African countries for the absence of new refineries...
