In the near future, the Federal government will automate transactions in the entire foreign exchange market…
Category: Business/Economy
Air Peace turns 9, receives flying permit to London
West and Central Africa’s largest airline – Air Peace – on Monday, received landing permit to…
Subsidy removal: Agency confirms Nigeria’s daily petrol consumption down by 33.58%
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has revealed that the country’s domestic consumption…
Senate uncovers contract duplication in East-West road project
The Senate Ad-hoc Committee on fact-finding on East-West road has uncovered duplication in the award of…
Nigeria expecting $10bn forex inflows in weeks, says Finance minister Wale Edun
Nigeria is expecting as much as $10 billion in new foreign currency inflows in the next…
Inflation projected to rise further amid renewed FX crisis
Inflation rate is projected to increase by 83 basis points (bps) year-on-year (y/y) to 27.54 in…
Relief as Nigeria wins $11bn P&ID lawsuit in UK court
Justice Robin Knowles of the Commercial Courts of England and Wales has ruled in favour of…
Market sees negative start to new week on FX, inflation concerns
Nigeria’s equities market kicked off a new week in red (down by 0.06percent or N22 billion)…
Air fares for Christmas rise by 100% as fuel price hit 1,000/litre
As the holiday season approaches, travelers are starting to plan their trips and book flights but…
Nigeria’s crude oil revenue soars by N274bn on improved output
Nigeria’s oil earnings surged by more than N273.8 billion in September 2023 on the back of…