ECONOMY

Naira Strengthens on Official Market, Declines on Parallel - The Naira had mixed results against the US Dollar on Thursday, as the market took a breather after a tribunal ruled that...

In eleven years, Nigeria lost N16.25 trillion to crude oil theft - Abass: Tajudeen Abbas, the Speaker of the House of Representatives of Nigeria, stated that the country lost approximately...

Global adoption of renewable energy reduces petroleum costs by $520 billion in 2022 - According to a new report by the International Renewable Energy Agency (IRENA), the global power sector saved...

Oil prices decline as demand worries outweigh supply forecasts - Oil prices declined on Thursday as concerns about reduced demand during the winter season and economic uncertainty in China were more...

Clearing FX backlog is considered to boost investor confidence and stabilise naira - Analysts characterised the Central Bank of Nigeria's (CBN) proposal to reduce the foreign exchange (FX) backlog in...

The global demand for lithium, a critical component of electric vehicle (EV) batteries, has seen an unprecedented surge in recent years. Fueled by the worldwide push for clean energy and...

News Summary: Nigeria's total national debt has surged to N91.6 trillion, as revealed by economic advisor, Ngozi Okonjo-Iweala. Amid concerns about the country's ability to service its obligations, Okonjo-Iweala called...

The Nigerian business landscape continues to evolve with dynamic and interesting developments. Here's a roundup of the top five business news that made headlines today, May 15, 2023. 1) E....

News summary: Nigeria has lost its status as Africa's largest oil producer to Angola. The decline in Nigeria's oil production was largely due to a shutdown of activities at the...

News summary: The Central Bank of Nigeria (CBN) has extended its rebate scheme to raw export proceeds. The move is aimed at boosting non-oil exports and diversifying the Nigerian economy....