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Business and Economy
Naira drops 0.2% to trade N578/$1 at parallel market
The naira, on Wednesday, depreciated further against the dollar at the parallel section of the foreign exchange market.Bureaux De Change operators (BDCs), popularly known...
Topical Oil Prices And Nigeria’ Economy
By Adefolarin A. OlamilekanThe global economy in recent times has demonstrated huge shock across continents and regions, with debilitating effects on humanity. Interestingly, the...
40% of Nigerian youths Jobless — Dr. Akinwumi Adesina
The President of African Development Bank, AfDB, Dr. Akinwumi Adesina has lamented the state of joblessness among Nigerians, saying that about 40 percent of...
Oil sector contributes N1.055trn to GDP, down 3.68pts
THE oil sector contribution to the Nigerian economy declined to 5.19 percent at N1.055 trillion in the fourth quarter of 2021, down by 3.68...
IMF warns FG Over Proposed N2.55trn Fuel subsidy spending
The International Monetary Fund (IMF) has warned that the Nigerian government will likely depend on overdrafts from the Central Bank of Nigeria to fund...
Currency in circulation hits N3.33tn on cash transactions
By Joyce BabayejuThe currency in circulation rose by N418bn to N3.33tn as of December 31, 2021, from N2.91tn a year earlier, according to...
FG, PDP clash as economy grows by 3.4%, highest in 7 years
By Becky Adi
The Federal Government and the Peoples Democratic Party on Thursday exchanged words over a report by the National Bureau of...
NNPC, NUPENG, Others Reach Truce As Another Fuel Scarcity Just Averted
By Becky AdiThe Nigerian Association of Road Transport Owners (NARTO), National Union of Petroleum and Natural Gas Workers (NUPENG) and Petroleum Tanker Drivers...
Flour Mills Attack BUA Over Alleged Sugar Sale Suspension -Dangote
By Isaac KertyoDangote Gains As BUA Owner, Abdulsamad Loses N12.47bn Amid Sugar Price Allegation.
The cold war between Dangote Sugar Refinery Plc, Flour Mills...
CBN enlightens Delta residents on eNaira usage
By Isaac KertyoThe Central Bank of Nigeria, on Friday, enlightened and encouraged Nigerians to embrace the use of eNaira and other programmes to...
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