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Economy

Latest Economy News

UPDATED: EFCC raids Bureaux de Change as naira dips against the dollar

EFCC operatives on Friday raided Wuse Zone 4, home to most bureaux

BudgIT raises concern over poor performance of 2022 budget

BudgIT raises serious concerns over the poor performance of the 2022 budget,

Address delay in e-money transfers by financial institutions – Reps urge CBN

The House of Representatives has urged the Central Bank of Nigeria (CBN)

Senate passes Nigeria Start-up Bill

The Senate has passed the Nigerian Start-up Bill, 2022. The passage of

Nigeria not in debt distress, needs more revenue – DMO

The Debt Management Office (DMO) says Nigeria does not face the risk

Russia-Ukraine war and global gas supply: Nigeria as `a buffer’

The Russia and Ukraine standoff, vis a vis boycott of Russian gas

Food prices continue to soar in Abuja, environs

Prices of staple food have continued to increase in Abuja and Nasarawa

Manufacturers lament ever increasing cost of diesel, challenge govt

The Manufacturers Association of Nigeria (MAN) has called on the Federal Government

Fidelity Bank lacks Legal authority to take us over – Benin DISCO

The Management of the Benin Electricity Distribution Company (BEDC) says Fidelity Bank

Naira falls again to dollar at Investors, Exporters window

Naira depreciated against the dollar at the Investors and Exporters Window on

DMO lists N250bn Sovereign Sukuk on NSE, FMDQ

The Debt Management Office (DMO) has listed N250 billion Sovereign Sukuk on

Police confirm kidnap of 2 Catholic priests in Edo

Edo State Police Command has confirmed the kidnap of two Catholic Reverend

FEC okays reforms to bolster non-oil revenue to N3.8trn annually

The Federal Executive Council (FEC) has approved reforms to shore up the

Average price of 5kg cooking gas increases to N3,921.35 – NBS

The National Bureau of Statistics (NBS) says the average price of refilling

CAPPA urges Rivers govt to tackle soot menace

The Director of Programmes, Corporate Accountability and Public Participation Africa (CAPPA), an

Fears of liquidity crunch sends traders searching

One of the cornerstones of seamless trade in financial markets is liquidity.

Nigeria’s inflation rate climbs to 17.71% in May – NBS

The National Bureau of Statistics (NBS) says Nigeria’s inflation rate increased to

ECOWAS pushes launch of single currency to 2027

Mr Jean-Claude Brou, President of the Economic Community of West African States

CBN to introduce USSD code to improve eNaira

The Central Bank of Nigeria (CBN) says it is set to introduce

Fraud: Capital market participants to get unique identifiers — SEC

The Securities and Exchange Commission (SEC) says capital market participants are to

Investment in FGN securities profitable, risk-free — DMO

The Debt Management Office (DMO) says it is advisable for Nigerians to

Customs will generate $176bn in 20 years through e-Customs project – Hameed Ali

The Nigeria Customs Service (NCS) says it will generate a whopping revenue

After 2 days of gains, naira depreciates, exchanges at 418.88 to dollar

After appreciating for two days, the Naira on Thursday dipped against the

5 Best Forex Brokers with Minimum $1 Deposit in Nigeria

Forex trading in Nigeria has become immensely popular due to its ease

Inflation may increase in coming months — Economist

Dr Aminu Usman, a lecturer at the Kaduna State University, says that

Africa loses 300,000 women, children due to smoke from firewood — Adesina

The African Development Bank (AfDB) says that Africa loses no fewer than

Naira depreciates further, exchanges at N420.33 against the dollar

The Naira, on Thursday, exchanged at 420.33 to the dollar at the

Nigeria to earn $2bn in advertising –Lai Mohammed

The Federal Government says at the conclusion of the ongoing reform in

FirstBank wins best bank in Nigeria

Nigeria’s premier banking institution and leading financial services inclusion services provider, First

Investment In Human Capital Devt. Key To Ekiti’s Future – Dep. Gov

Ekiti Deputy Governor, Chief Bisi Egbeyemi, has inaugurated an Inter-Ministerial Committee on