Nigerian authorities said today the country will not cut oil production even as nosediving crude prices caused by a global supply glut ravage revenue. US crude...
DIFFICULTY to accessing foreign exchange to bring in Completely Knocked Down (CKD) parts have started crippling tricycle and motorcycle assembling plants in the country with spillover...
The President, Dangote Group, Alhaji Aliko Dangote, has said the gas pipeline being built by the company will triple the country’s consumption of the resource. Dangote...
The Managing Director of the International Monetary Fund, Christine Lagarde, said on Tuesday that Nigeria was under severe economic stress. Lagarde, who was on a four-day...
Foreign Reserves Drop by $288m in 11 Days The nation’s foreign reserves fell by $288m in eleven days. Latest data obtained from the Central Bank of Nigeria...
Monday’s stoppage of foreign exchange sales to Bureau De Change operators by the Central Bank of Nigeria failed to lift the naira on Tuesday as the...
Equity investors in the country’s capital market in the first seven trading days of the year lost N804tn of their investment worth. Market capitalisation after the...
Aliko Dangote, president of Dangote Group, has assured Nigerians that when his refinery is ready, the country would no longer need to import petroleum products. Speaking...
The Federal Government is partnering states and local governments as well as private investors to build hundreds of petrol stations across the country in a bid...
The Central Bank of Nigeria (CBN) has formally announced that it would no longer sell dollars to Bureau de Change (BDC) operators. Since over 70 percent...