ECONOMY

Naira's Record Plunge: CBN Postpones Rate Decision Amidst Policy Vacuum - Nigeria's currency, the naira, has hit an alarming low, depreciating to a record 1,050 per dollar on the parallel market....

CPPE Urges Nigeria to Rethink Complete Naira Floatation - The Centre for Promotion of Private Enterprise (CPPE) has made a compelling case against the complete floatation of Nigeria's currency, the naira....

CBN's Monetary Policy Committee Meeting Delayed Again - For only the second time ever, the Central Bank of Nigeria (CBN) has postponed its much-anticipated Monetary Policy Committee (MPC) meeting. The announcement...

Nigerian Stock Market to Lose N205 Billion as Five Major Companies Delist - The Nigerian Exchange Limited (NGX) is set to experience a significant decline in its equities capitalization, with an...

Oil Prices Tumble Amid US Rate Hike Speculations, But All Hope Isn't Lost - In the latest twist in the global oil saga, prices witnessed a decline in early Asian trade...

Strike Looms as NLC Ultimatum Nears End: Federal Government Remains Unfazed - As the clock ticks down on the 21-day ultimatum set by the Nigerian Labour Congress (NLC), the atmosphere is...

Naira Plummets to Record Low of N980/$ Amidst Soaring Dollar Demand - In a startling development, the Naira plummeted to its all-time low, reaching N980 against the dollar in the black...

Abuja, September 20, 2023 - A recent disclosure from the Federation Account Allocation Committee (FAAC) has stirred controversy in the corridors of Nigeria's financial sector. The report revealed that the...

Niger Crisis: A Looming Food Crisis for West Africa - Recent political upheaval in Niger threatens to strain food markets across West Africa, including Nigeria, warns the World Bank. The ripple...

Dangote Refinery Awaits Crude from NNPC Amidst Loan Swaps - The much-anticipated Dangote Petroleum Refinery, which promised to be a game-changer in Nigeria's oil sector, is currently importing crude oil due...