How external reserves fell by $3bn in six months – CBN
Information acquired from the Central Bank of Nigeria has revealed that Nigeria’s external reserves declined by $2.85 billion in the first half of…
featured
How rising fuel cost affects fight against hunger – UN
The United Nations has claimed that the fight against extreme hunger in Nigeria, particularly in Northern Nigeria, has escalated due to rising energy prices…
NECA urges FG to increase forex inflow
The Nigeria Employers Consultative Association has urged the Federal Government should take a multifaceted approach, including dealing with oil theft, to increase…
Why Canada requires Google, Meta to pay news organisations
Canada may soon require Google and Meta to pay media outlets for news information shared or repurposed on their platforms. According to…
Finance experts react as DMO warns FG not to take on further debt
Financial experts have reacted as the Debt Management Office advised the Federal Government against taking on more debt, claiming that this year’s…
Bitcoin hits $30,000 as Crypto investors’ confidence surges
The crypto market is finally experiencing a much-needed resurgence following weeks of pressure and consecutive interest rate hikes from the US. On…
Subsidy: NEITI faults fuel consumption data, begins investigation
The Nigeria Extractive Industries Transparency Initiative has stated that the high PMS consumption data being given by some government entities were false and…
Stock market jumps by 5.5% as forex reforms begin
The stock market increased by 5.5 percent last week as a result of the federal government’s launch of the Foreign Exchange market…
How 2023 Electricity Act will boost manufacturing sector – MAN
The newly passed 2023 Electricity Act is expected to benefit the country’s manufacturing industry, according to the Manufacturers Association of Nigeria. Nairametrics…
Nigeria exchange rate plunges 29% in one day
The official exchange rate between the Nigerian naira and the US dollar concluded at N664.04/$1 at the investor and exporter window, signifying…
Nigeria ousts Angola as Africa’s top oil-producing country – OPEC
Nigeria is now Africa’s top oil producer, surpassing Angola, whose output was at 1.1 mb/d, while Equatorial Guinea is now the continent’s…
DSS arrests Emefiele
The suspended Governor of Central Bank of Nigeria, Godwin Emefiele, has been arrested by the Department of State Services, according to Daily…