The Nigerian unemployment rate increased to 5.3 percent in the first quarter (Q1) of 2024 from 5.0 percent reported in 2023. However, the report showed that...
The Central Bank of Nigeria (CBN) has approved another sale of foreign exchange (FX) to eligible bureau de change (BDC) operators at N1,590 per dollar to meet...
The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has raised the benchmark interest rate in the country by 50 basis points to 27.25%, the...
Nigeria’s high inflation rate which was 32.15% in August has continued to impact the prices of energy, with the rates paid by Nigerians for cooking gas...
The supply of the Dollar and other currencies increased by 117% at the foreign exchange market as the Naira strengthened on Friday. Data obtained from FMDQ...
Nigeria’s headline inflation rate decreased to 32.15 per cent in August 2024 despite the recent hikes in the pump prices of petrol nationwide, the latest data...
Airbus has named Gabriel Semelas as President of Airbus in Africa and the Middle East, effective from 1st January 2025. Gabriel Semelas brings more than 24...
Americans were duped out of more than $5.6 billion last year through fraud schemes involving cryptocurrency, the FBI said in a report released Monday that shows a 45%...
The Lagos-based Dangote Refinery has started processing premium motor spirit (PMS), commonly known as petrol, as the Nigerian National Petroleum Company (NNPC) Limited is set to...
The US Securities and Exchange Commission has imposed a $250 million penalty on Nigerian businessman and a former CEO of Tingo Group, Dozy Mmobuosi, for inflating...
Malaysian authorities have taken down a major cryptocurrency scam scheme targeting Japanese nationals. According to local reports, the Royal Malaysia Police, also known as PDRM, arrested 21...
Australians lost cryptocurrency worth Australian dollar 180 million ($122 million) to investment scams in just 12 months, the Australian Federal Police (AFP) warned the public in...
Information and communications technology (ICT)-related activities contributed 19.78 per cent to Nigeria’s real Gross Domestic Product (GDP) in Q2 2024, the National Bureau of Statistics (NBS)...
The Central Bank of Nigeria (CBN) on has announced plan to issue N2.20 trillion in treasury bills during the fourth quarter (Q4) of 2024, matching the...
By Feyishola Jaiyesimi Nigeria’s cocoa exports rose by 304 percent in the first quarter (Q1) of 2024 due to higher demand and naira depreciation, according to...
The Nigerian equities market sustained rally to close in the green yesterday as price increases in TotalEnergies Marketing Nigeria Plc and 48 others lifted the overall...
Nigeria’s Gross Domestic Product (GDP) experienced a year-on-year growth of 3.19% in real terms during the second quarter of 2024. The GDP growth rate surpasses the...
The foreign exchange turnover in July stood at $7.39 billion at the official trading window for the Nigerian currency in July. The July figure which is...
United Capital rose by about 27% in the equities market last week as demand for the investment firm increased. Data from the Nigerian Exchange (NGX) showed...
About 700,000 manufacturers and micro, small and medium enterprises have expressed intention to become beneficiaries of the Federal Government’s N150bn loan to help businesses in Nigeria...