Business News

Nigeria's reserves have increased steadily, reaching $34.14 billion on Friday after increasing by 4.06 percent from $32.74 billion on June 3, 2024, according to figures released by the Central Bank...

Nigeria recently surpassed a significant economic milestone, as its debt-to-GDP ratio crossed 50% for the first time. This announcement followed the Debt Management Office's publication of the latest public debt...

Nigeria’s exchange rate concluded June 2024 at N1,503.3 per dollar, showing a slight 1.3% monthly depreciation. Despite surpassing the psychological threshold of N1,500 per dollar, the exchange rate remained relatively...

According to the National Bureau of Statistics, in May 2024, the average cost of a healthy diet for an adult was N1,041. This was disclosed in the NBS's CoHD report...

According to Tilewa Adebajo, the CEO of The CFG Advisory, if Nigeria's economy is allowed to reach its full potential, it may reach $6. He said that this Thursday in...

According to Ahmed Dangiwa, Minister of Housing and Urban Development, the nation's housing market has the capacity to spark a $1 trillion economy. Speaking during the recent groundbreaking for the...

In the first half of 2024, the naira has become the world's worst-performing currency. Devaluation, a lack of dollar liquidity, and market volatility have impeded the Central Bank of Nigeria's...

As of June 2024, the Nigerian Autonomous Foreign Exchange Market (NAFEM) is poised to experience its lowest foreign exchange (FX) turnover in five months, highlighting ongoing dollar liquidity challenges impacting...

The net finance costs for major consumer goods companies listed on the Nigerian Exchange Group (NGX) skyrocketed by 1,345% in the first quarter of 2024 compared to the same period...

In the most recent Nigerian Treasury Bills auction, the Federal Government, acting through the Central Bank of Nigeria, raised a total of N284.26 billion. This came when its T-Bill obligations...