Economy
States’ Debt Levels Surge Amid FX Crunch, Revenue…
The foreign exchange crunch could create debt crisis for state governments as they grapple with low…
Naira Projected to Close 2024 at 1,621.7/$ Amid…
The Nigerian naira is predicted to end the year falling to N1,621.7 to a U.S. dollar, continuing its…
Rewane Calls on CBN to Stabilize Naira, Control Money…
Bismarck Rewane, chief executive officer of Financial Derivatives Company, has urged the Central…
CBN Maintains Hawkish Stance Amid Surging Food, Petrol…
The Central Bank of Nigeria (CBN), on Tuesday, maintained its hawkish stance, raising the interest…
Surging Demand for Palm Oil Drives Prices Up by 120%
The price of palm oil has jumped by 120 percent in one year due to rising industrial demand and low…
Banks Secure ₦1.7 Trillion in Recapitalization Funds…
Nigerian banks, through the recapitalization exercise has so far raised over N1.7 trillion from the…
Nigeria Saves $20bn from Subsidy Removal, Naira Float –…
Nigeria’s decision to remove petrol subsidies and adopt market-based pricing for foreign exchange…
Federal Government Revenue Soars 76% from Taxes, Oil
The Federal Government’s earnings jumped 76 percent from N7.1 trillion in 2022 to N12.5 trillion in…
Mining Sector Exceeds N10bn Revenue Target, Says…
Mary Ogbe, permanent secretary of the Federal Ministry of Solid Minerals Development, says the solid…
UBA Announces N239.4 Billion Fundraising via Rights…
United Bank for Africa (UBA) Plc will raise N239.4 billion through a rights issue of 6,839,884,274…
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