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Nigeria's inflation rate surged to 33.88% in October 2024, marking an increase from 32.7% recorded in September. This reflects a month-on-month rise of 1.18 percentage points, according to the latest...

Children born in resource-rich African countries, including Nigeria, are significantly disadvantaged compared to their peers in less resource-intensive regions, according to a report by the International Monetary Fund (IMF). The...

The Naira fell to N1,740 per dollar in the parallel market yesterday, down from N1,735 on Tuesday. Similarly, the Naira rose to N1,645.4 per dollar in the Nigerian Autonomous Foreign...

The African Development Bank (AfDB) has begun discussions with key parties in the African Continental Free Trade Agreement (AfCFTA) to facilitate vessel acquisition for African ship owners. Captain Sunday Umoren,...

Gabriel Idahosa, President of the Lagos Chamber of Commerce and Industry (LCCI), has called for new commercial relationships and collaborations that will shape the future of Nigeria, Taiwan, and other...

BUA Industries Limited has received a major financial boost with a $200 million corporate finance facility from the African Export-Import Bank (Afreximbank) to fuel its expansion efforts. The initial tranche,...

The Nigerian-British Chamber of Commerce, or NBCC, has announced plans to open a British trade hub in Nigeria, which will act as a resource centre for anyone interested in trade...

The Naira rose to N1,730 per dollar in the parallel market Tuesday, up from N1,740 per dollar last weekend. However, the Naira fell to N1,681.42 per dollar in the Nigerian...

Fitch Solutions, a financial intelligence service provider, predicts that the naira will fall to N1,993 per US dollar by 2028. According to a report by the company's subsidiary, BMI Research,...

Senator Babangida Hussaini, who represents Jigawa NorthWest Senatorial District, has expressed concern about the rising food prices at the onset of harvest season. Senator Hussaini, who also chairs the Senate...