The Minister of State for Petroleum Resources, Chief Timipre Sylva, has refuted claim by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) that measurement inaccuracies in the...
The latest data from the Central Bank of Nigeria (CBN) has revealed that total amount of currency-in-circulation has fallen by 53.33 percent since October last year...
The Nigerian stock market has taken a hit, with N281 billion lost last week
Brent crude oil increased by 0.8% to reach $83.70 a barrel, while West Texas Intermediate (WTI) crude oil reached $77.14 a barrel, up 0.7%.
Nigerians are currently in a state of confusion over where to deposit their old N1000 and N500 notes. This development comes after conflicting announcements from Deposit...
This scarcity of foreign currency may lead to payment delays, which could potentially constrain the banks' ability to repay their own foreign currency liabilities.
The Nigerian stock market recorded a marginal gain of N8 billion on Thursday, February 17, 2023, as the market capitalisation rose slightly to N29.696tn at the...
Oil prices are on track for weekly losses of 2.5% as concerns mount over the potential for further tightening of monetary policy by the Federal Reserve...
Nigerian President Muhammadu Buhari has granted a 60-day extension for the use of old N200 notes. The President made the announcement in a nationwide speech on...
Oil prices rose on Thursday, as the International Energy Agency (IEA) predicted strong demand from China will lead to a record 101.9 million barrels per day...