Economic News

Dangote Industries Limited, Africa's largest business conglomerate, has been named the Outstanding Indigenous Conglomerate of the Decade, taking home eight different Economic Community of West African States Manufacturing Excellence Awards...

Tony Elumelu, chairman of Heirs Holdings, has stated that retail insurance is the way of the future in Nigeria. On Thursday, September 29, he spoke at an event commemorating the...

According to Ms. Patience Oniha, director-general of the Debt Management Office, DMO, the government's need to borrow N1 trillion to subsidize gasoline this year has increased the nation's public debt...

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...