The burden of subsidy payment on fuel consumed in Nigeria is about to further weigh heavier on the pocket of the federal government, thus exerting pressure...
By Ahmed Ayanfe Consumers desperate for relief from the scourge of sky-high petrol prices won’t get it soon, if the latest forecast from Goldman Sachs commodity...
Ahmed Ayanfe More people living in Nigeria and its Sub-Saharan neighbours are expected to fall into extreme poverty due to different factors affecting the global economy,...
By Ahmed Ayanfe Despite the war in Ukraine and travel restrictions in China, the International Air Transport Association (IATA) says air travel in Africa including Nigeria...
The power generation companies (GenCos) have attributed the current state of electricity generation in the country to the ₦1.644 trillion owed them by the Nigerian Bulk...
Uber has released its Lost & Found Index 2022, outlining interesting and sometimes bizarre items people tend to forget in Nigeria and rating Lagos state as...
The National Bureau of Statistics (NBS) said Nigeria’s trade surplus in the first three months of 2022 recorded N1.2 trillion due to increases in crude oil export....
Foreign Direct Investment (FDI) into Nigeria has crashed by 78% in three months amid a worsening foreign exchange crisis in the country that continues to send...
The Nigerian Civil Aviation Authority (NCAA) is to present an Air Transport Licence to the interim management of Nigeria’s national carrier – Nigeria Air, on Monday...
The Securities and Exchange Commission (SEC) is planning to provide capital market participants with unique identifiers in order to reduce fraud and the quantum of unclaimed...
Agency Report The Federal Government has shelved plans to raise about $950 million selling overseas bonds, owing to unfavourable market conditions during the time frame approved...
The National Bureau of Statistics (NBS) has disclosed that Nigeria spent N1.51 trillion on the imports of premium motor spirit, also known as petrol, in the...
Following the perennial power outages currently being experienced across the country; findings have shown that 20 gas power plants are currently under-performing, leading to power generation...
Nigeria’s foreign exchange (FX) reserve sustained its descent for the fifth consecutive week, decreasing to its lowest level since 8th October 2021, hitting eight-month bottom. Precisely,...
NASD OTC Securities Exchange has fallen below its historical N1 trillion value after the benchmark index of the market slipped by 5.31% to close last week....
Mr Jelani Aliyu, the Director-General, National Automotive Design and Development Council (NADDC), has urged Spanish companies and groups to invest in the production of vehicles in...
The Debt Management Office (DMO) has listed two new Federal Government of Nigeria (FGN) savings bonds for subscription at N1,000 per unit. According to the DMO, the first one is a two-year...
With the unique capabilities of blockchain technology set to revolutionize transparency, record-keeping, efficiency, and the effectiveness of transactions in the business world – boardrooms across Africa...
If positive market turnover was the sole trigger of a bullish market, the Nigerian equity market would surely be in a celebration mode by now and...
By United Capital Research Anglophone West Africa Nigeria According to Fitch Solutions’ Nigeria 2022 consumer outlook, despite the erosion of value of the currency and...