Business News

As Nigerians battle fuel scarcity, over 9,000 oil marketers are on the verge of losing their operating licences. As a result, the Independent Petroleum Marketers Association of Nigeria is urging...

April 2024 saw a slight uptick in the Purchasing Managers' Index (PMI) to 51.1 due to a slowing in the rate of pricing and production fee increases. According to the...

Shell Nigeria Gas and the Oyo State Government have signed an agreement to develop a gas supply and distribution infrastructure that will deliver gas to industrial and commercial users in...

The exchange rate for customs duty collection has surged to N1,441.53 against the US dollar over the past two days. This marks a significant jump from N1,373.64/$ recorded at the...

Recent data analysis from the Central Bank of Nigeria (CBN) reveals a concerning trend: as of March 2024, an overwhelming 94% of the currency in circulation was held outside banks....

The total active mobile subscriptions in the country dipped by 5.4 million or 2.4 per cent, settling at 219 million in the first quarter of 2024, data obtained from the...

The Central Bank of Nigeria has expressed concern over the declining economic activities in the country. The CBN deputy governor of Corporate Services, Bala Bello, disclosed this in a statement...

The naira traded at a loss at the official market, depreciating to N1,402 against the United States dollar on Thursday. According to data from the FMDQ exchange securities, the naira...

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that the huge purchase of foodstuffs by the government as palliatives is contributing to the galloping food inflation...

The Naira fell to N1,365 per dollar in the parallel market Wednesday, down from N1,320 on Tuesday. Similarly, the note fell to N1,402.67 per dollar on the Nigerian Foreign Exchange...