Economic News

According to Mr. Ekerete Gam-Ikon, an insurance expert and organizer of the annual insurance for September conference, this year's gathering will center on how to enhance Nigerian farmers' insurance experiences....

In a bold step to combat inflation in the nation, the Central Bank of Nigeria (CBN) increased the Monetary Policy Rate (MPR) to 15.5 percent from 14 percent. This information...

The Nigerian Electricity Regulatory Commission, on Thursday, said power consumers paid a total of N210.17bn to distribution companies in the fourth quarter of last year. It disclosed this in its...

Nigeria and other developing nations have been cautioned by the World Bank Group that raising interest rates simultaneously in response to rising inflationary pressure could result in a worldwide recession...

To advance inclusive economic success for all Nigerian residents, the Nigerian Communications Commission (NCC) has reaffirmed its unshakable commitment to bridging the widening gender-based digital divide. Promotion of gender equality...

The Federal Government has lost almost N31 trillion to unauthorized tax collectors who are extorting Nigerian traders, according to information released on Thursday by the Market Traders Association of Nigeria,...

The Organization of Petroleum Exporting Countries and Allies (OPEC+) is now producing 3.58 million barrels per day less than its targets, or about 3.5% of global demand, highlighting the oil...

Prudential Zenith Life Insurance Limited (“PZL”) has announced its audited financial results for the year ended 31st December 2021, recording a 75% growth in profit after tax (PAT) of ₦1.13b compared...

In August, the United States of America created 315,000 new employment to strengthen the economy in the face of deteriorating indicators. As the US is still recovering from losses incurred...

Yesterday in Abuja, at the conclusion of the most recent Monetary Policy Committee (MPC) meeting for 2020, CBN Governor Godwin Emefiele made this statement. "It is outrageous that even analysts...