Bank customers with existing loan obligations must brace for higher levels of indebtedness as the Deposit Money Banks have begun an upward review of the interest...
The Central Bank of Nigeria on Tuesday raised interest rates to lure investors to the economy. The Monetary policy rate (MPR) was increased from 12 percent to...
The Nigerian Naira on Thursday weakened to an all-time low of N330.50 against the US dollar, following the Central Bank decision to abandon fix exchange rate....
Indian state-owned refineries are beginning to abandon risky Nigerian crude oil for Malaysian crude. Bharat Petroleum Corporation Limited on Monday issued a spot tender to purchase...
Nigeria’s Inflation at 11-Year High The cost of living in Nigeria rose for the fifth consecutive month in June, propelled by increases in energy costs and...
Chief Femi Fani-Kayode free to roam outside prison walls, after sixty-seven days of incarceration. The Economic and Financial Crimes Commission on Friday released the former spokesperson...
The Nigerian Naira plunged to N360 against the US dollar at the parallel market on Wednesday, following a supply shortage of the greenback in the interbank...
Fitch Ratings has downgraded two of Nigeria’s biggest banks, citing the recent drawdown of the nation’s sovereign credit rating. The global credit rating downgraded the United...
The Nigerian State Minister for Petroleum Resources, Emmanuel Kachikwu said on Tuesday that Nigeria has signed a memorandum of understanding (MOU) worth over $80 billion with...
Crude oil prices plunged below $50 a barrel, after data showed Nigerian oil production surged in June following repairs to infrastructure damaged by the militant. Nigeria...