Nigeria’s new President, Bola Tinubu says the era of subsidy payment on fuel has ended. He said the 2023 Budget made no provision for fuel subsidy...
The argument that fuel subsidy payment in Nigeria only benefits the rich has just been reinforced by Mr. Akinwunmi Adesina, President of the African Development Bank...
Nigerian Exchange Limited (NGX) has revealed that the total allotments for FGN Savings Bonds has risen to N5.06 billion in the first five months of 2023....
Africa is set to be the second-fastest growing region in the world after Asia in 2023-24, demonstrating the resilience of its economy despite dealing with multiple...
The African Development Bank (AfDB) says Nigeria and other economies of Africa is projected to grow by 4.1 per cent in 2023 and 4.3 per cent...
By Christy Animam Nigeria’s Gross Domestic Product slowed to 2.31 per cent in real terms during the first quarter of 2023. In a report titled Nigeria...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said fuel marketers yet to obtain licence have till June 1 to remain in business. The...
The average yield on Nigerian Treasury bills (NTB) rose moderately to 7% as cash tasty deposit money banks (DMBs), fund, and asset managers offloaded their holdings...
The Nigerian Naira experienced a significant decline against the US Dollar in the black market, settling at an average exchange rate of N760/$1 on Monday, May...
Michael Nsikak John, a graduate of Mathematics from the University of Nigeria, Nsuka, Nigeria, has launched Nairacoin, the first native coin on a blockchain to create...
Federal High Court sitting in Lagos has fixed May 24 to hear a suit filed by a former lawyer with the Economic and Financial Crimes Commission...
Nigerian Equities Market closed positive on Friday as the key market indicator advanced by 53.38 bps amid positive market breadth. The NGX All-Share Index declined by 0.10% to...
In line with its mandate to promote investor participation in Nigeria’s capital market, enhance secondary market, Nigerian Exchange Limited (NGX) in collaboration with Afrinvest is set to...
By Rosemary Iwuala TAG Energy Group, a leading Nigerian oil and gas integrated service company, has announced its partnership with Bosch Rexroth Africa Development, a manufacturer...
Vice-President Prof. Yemi Osinbajo has described Oguta Lake to Orashi hydrographic survey and dredging project as a gamechanger as the project commence today. Speaking at the...
Source: Bank of England Monetary Policy Summary, May 2023 The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target,...
By CSL Research Team According to newspaper reports, the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, stated that foreign exchange repatriation into Nigeria...
Nigeria has lost its status as Africa’s largest oil producer to Angola as Africa’s largest economy saw its oil output decline the most in April among...
As Production Drops to 1.25 Million Barrels Per Day Average oil production in Nigeria has reduced to 1.25 million barrels per day, latest data obtained from...
By Rosemary Iwuala The UK Supreme Court on Wednesday ruled that it was too late for Nigerian claimants to sue two Shell (SHELL) subsidiaries over a...