A forensic audit conducted by global accounting firm KPMG has uncovered a N3.3 trillion discrepancy in the fuel subsidy claims made by the Nigerian National Petroleum...
The black market, also known as the parallel market or Aboki fx, US dollar to Nigerian Naira exchange rate as of June 10th, 2024 stood at...
Nigerian stocks have surged by N15.25 trillion in the first five months of 2024, despite looming concerns over rapid interest rate hikes. This surge which has...
Nigeria is on the cusp of a significant transformation in its power sector as it nears the conclusion of a $1.15 billion sale of five key...
Commercial and merchant banks across the country have adjusted their lending rates in response to the Central Bank of Nigeria’s (CBN) recent decision to raise the...
The Minister of Power, Adebayo Adelabu, has called for a significant enhancement in local power production capabilities, citing the numerous challenges faced by existing power generation...
Nigeria’s foreign exchange reserve increased by $110 million over the past six days following a concerning 10-week dip that saw the reserves fall by $1.8 billion...
Starting Tuesday, African nationals seeking entry to the European Union will face increased visa fees as the EU raises the cost of Schengen visa applications from...
The euro slid to its weakest level in nearly a month on Monday, falling as much as 0.3% against the dollar after French President Emmanuel Macron...
Oil prices steadied on Monday with Brent crude trading near $80 per barrel and West Texas Intermediate (WTI) hovering around $76. This stabilization follows a 2.5%...