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Business and Economy

CBN Vows To Stabilize Naira, Improve Forex Market

The acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi, says the apex bank will, in the next few days, be taking...

Marketers Warn of Possible Petrol Price Surge to N720 per Litre in Nigeria

Nigeria is bracing for potentially more economic challenges as industry experts predict an upcoming increase in the pump price of petrol, with estimates ranging...

Federal Government Set to Clear N187.32bn Contractors’ Debt by November 2023

By Daniel EduIn the upcoming administration of President Bola Tinubu, it appears that an approximate sum of N187.32 billion will be allocated to resolving...

Tinubu’s Forex Unification And CBN I &E Window Failing The Naira

Adefolarin A. OlamilekanJust three months into the implementation of the brand new monetary policy of President Bola Tinubu administration of 'forex unification and...

Nigerian Aviation Safety Has Improved, Says Afri-Air Managing Director

By Daniel EduCaptain Shehu Iyal, the Managing Director of Afri-Air International Ltd and a former Senior Special Adviser on Aviation Matters to former Nigerian...

Presidential Directive Awaited for N48bn Pipeline Contract

By Daniel EduSpeculation regarding the cancellation or re-award of the N48 billion oil pipeline surveillance contract in the Niger Delta has not been confirmed,...

NUPRC Calls for Innovative Solutions to Address Energy Transition Challenges

By Daniel EduGbenga Komolafe, Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has emphasized the necessity for oil sector operators to devise...

“UN and Lagos State Encourage Private Sector to Lead Change in Africa at Social Impact Summit”

The Africa Social Impact Summit 2023, held in Lagos, brought together voices from the United Nations and Lagos state, both advocating for the pivotal...

Nigeria’s Oil Production Declines 13.6% to 1.08mbpd

Nigeria’s oil production in the month of July 2023 fell by 13.6 percent to an average of 1.08 million barrels per day compared to...

Naira Falls To N925/$1 On Parallel Market

The naira plunged to a record low of N925/$1 on the parallel market on Wednesday as demand for foreign currency outstripped supply.This is the...

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