The Central Bank of Nigeria (CBN) has raised the monetary policy rate by an additional 25 basis points to 27.50 percent to further tackle inflation, which...
Many Nigerians have expressed happiness following the announcement by the Nigerian National Petroleum Company Limited (NNPCL) that the Port Harcourt refinery has begun production of fuel....
Oil prices slid by $2 a barrel on Monday after Israel and Lebanon reportedly agreed to the terms of a deal to end the Israel-Hezbollah conflict,...
Nigeria’s Gross Domestic Product (GDP) grew by 3.46 percent in real terms in the third quarter of 2024, indicating a further rise to the country’s economy....
The Nigerian Exchange Limited (NGX) extended its gain last week after posting 0.50% in the previous week to close the week with a 0.13% gain. During...
The Dollar to Naira exchange rate on the black market remains under pressure as Nigeria’s economic uncertainty continues to hurt productivity and heightened systemic risk. In...
Nigeria’s crude oil production comes under scrutiny as figures from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) contradict the Nigerian National Petroleum Company Limited (NNPC)’s claim....
The Dangote Petroleum Refinery has announced a reduction in the price of Premium Motor Spirit (PMS), also known as petrol, from N990 per litre to N970....
Oil prices climbed about 1 percent on Friday as the intensifying war in Ukraine this week boosted the market’s geopolitical risk premium. Brent crude futures rose...
The Nigerian Naira exchange rate to the United States Dollar remained under pressure as economic uncertainties dictated market directions. In the parallel market popularly known as...