Nigeria’s weak manufacturing sector is one of the key factors contributing to the shortage of foreign exchange in the country, according to a recent report by...
The Central Bank of Nigeria (CBN) has revised the regulatory requirements for the tenure of Executive Management and Non-executive Directors (NEDs) of deposit money banks (DMB)...
Deposit Money Banks (DMBs) in Nigeria have announced they will be closing early on Friday, a day ahead of the presidential polls holding nationwide on Saturday....
After suffering its biggest one-day loss in seven weeks, Brent crude futures have stabilized, rising by 0.3% to $80.85 a barrel on Thursday. The gains follow...
The Nigerian Naira continues to struggle against the U.S. Dollar, with the exchange rate at the parallel market slipping even further. At the parallel market, also...
The Nigerian government is resuscitating oil wells that were previously shut down with the aim of producing around 2.1 million barrels of crude oil per day,...
New data released by the National Bureau of Statistics (NBS) has revealed a sharp increase in the average retail price per litre of household kerosene in...
The Nigerian National Petroleum Company Limited (NNPCL) has announced that Nigeria’s oil production has increased to 1.6 million barrels per day. While still a few million...
The Nigerian Civil Aviation Authority has released its executive summary for 2022, and the numbers are not promising for air travelers. According to the report, foreign...
Oil prices have extended their losses amid growing concerns that the U.S. Federal Reserve will indicate further interest rate hikes in the coming months, thereby lowering...
