News

The Minister of Communications and Digital Economy, Bosun Tijani, has announced plans to spearhead a global collaboration aimed at enhancing the protection of undersea cables. The minister made this disclosure...

The Federal Government is in talks with the World Bank to complete the processes of obtaining over $1bn loans to address the challenges facing Internally Displaced Persons and their host...

The exchange rate for cargo clearance has witnessed a notable decline, falling to N1593.41/$ from the previous week's figure of N1612.28/$, marking a reduction of approximately N18.87. Last week, the...

In London trade on Monday, Nigerian oil margins per barrel saw a slight uptick, continuing the upward trajectory initiated last week. Prices surged by nearly 4% amidst concerns over supply...

In February 2024, Nigeria witnessed a staggering surge in imported food inflation, reaching an alarming 29.8%, marking a significant leap from the previous month's 26.3%. This spike translates to a...

Lamido Yuguda, the Director General of the Securities and Exchange Commission (SEC), emphasized the importance of a robust capital market for the economy during the flag-off ceremony of the Institute...

The activities of investors positioning themselves ahead of the dividend-paying season led to another positive week as the Nigerian Exchange gained N2.12tn in the past week. The All-Share Index appreciated...

Analysts at Cowry Asset Management Limited have stated that the country’s trade will improve if the government can upgrade transportation networks, ports, and streamline export procedures to ease logistics costs....

The number of functional oil drilling rigs across the country increased marginally to 16 in February, data from the latest March 2024 Monthly Oil Market Report of the Organisation of...

No fewer than 17 out of the existing 24 Deposit Money Banks may be unable to meet the Central Bank of Nigeria’s capital requirement if it is increased from its...