The Central Bank of Nigeria was assisted in consolidating its foreign exchange market by the International Monetary Fund. According to Obasanjonews24, the CBN on Wednesday disclosed...
According to the Organization of Petroleum Exporting Countries’ (OPEC) monthly oil report, Nigeria has replaced Angola as the continent’s top oil producer. Angola produced more crude...
This was said by Mele Kyari, CEO of the NNPCL Group, in a conversation with State House reporters on Wednesday following a meeting with Tinubu. To...
Commercial banks are now permitted to trade foreign currency at any rate without restriction by the Central Bank of Nigeria. Banks can now sell foreign currency...
Nigeria imported $3.47 billion worth of phones, generators, and other electrical goods in 2022, according to a report. In 2022, Nigeria spent $3.47 billion importing electrical...
The largest producer on the continent at the time was South Africa, which had surpassed the West African nation in 2021. Following a loss to South...
The first quarter of 2023 saw a significant N2.508 trillion (or 14.13 percent) financial value contribution from Nigeria’s telecommunications and information services sector to the country’s...
The Naira lost more value against the dollar on Friday, trading for N472.50 at the Investors and Exporters window. Comparing the local currency to the N469.50...
Between January and April 2023, oil and gas companies doing business in Nigeria flared 92.3 mscf of gas, representing an estimated N150.8 bn. The data was...
Nigeria Air was reportedly merely unveiled and not officially launched, according to the Ministry of Aviation. Tuesday, Capt. Dapo Olumide, the interim managing director of Nigeria...