For the first time in 40 years, the United Kingdom’s inflation rate hit a double digit in July, now at 10.1% up from 9.4 percent in...
The Nigerian currency, Naira, continued its poor performance against the United States dollar as forex scarcity piled more pressure on the official foreign exchange market Tuesday....
Mr. Bala Wunti the Group General Manager (GGM) of National Petroleum Investment Management Services (NAPIMS) has declared that the Madu Conductor Supported Platform (CSP) constructed...
Nigeria may lose the patronage of foreign airlines as it becomes the worst indebted country to foreign airlines globally. The raging controversy over funds trapped in...
The Transmission Company of Nigeria (TCN) has urged electricity workers to suspend their proposed indefinite strike action. Dr Sule Abdulaziz, the Managing Director, TCN...
Oil prices fell on Tuesday as weak economic data from China, a top crude importer, renewed fears of a global recession. Brent crude futures fell 1.6...
The price of household cooking gas known as Liquefied Petroleum Gas (LPG) rose by over 100 per cent year-on-year, the latest report from the Nigeria Bureau...
The Central Bank of Nigeria (CBN) has ordered banks in Nigeria to pay savings deposit accounts an interest rate of at least 4.2%, an increase from...
Following weeks of occasionally encouraging, sometimes confusing economic indices and company profits, investors are still in a wait-and-see mentality, as 66,918 traders were liquidated for...
Naira recorded a marginal appreciation on Tuesday morning, trading at a minimum of N676.38/$1 compared to N678.98/$1 recorded on Monday. At the official window, the...