Economy

The Central Bank of Nigeria (CBN) has resumed sales of foreign exchange to Bureau De Change (BDC) operators. The apex bank pegged sale to Nigerians at N386. …
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With gold trading at over $1,946 per ounce and still rising, it’s a good time for Nigeria to pursue wealth creation and diversify its economy by creatively exploiting its natural…
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Facebook on Monday said it will support 781 small businesses in Nigeria with N500 million grant to cushion the effects of COVID-19. The company in a statement said that the N500…
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Barely 24 hours Naira was forced to a downward trajectory by dollar scarcity it bounced back, closing at N477 to a dollar at the parallel market in Lagos. The Pound Sterling and…
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The National Bureau of Statistics (NBS) has said that inflation rose by 12.82 per cent in July, 2020. According to the Bureau in its “Consumer Price Index (CPI) and Inflation…
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The Federal Government’s retained revenue, which is the actual revenue realized before its augments with borrowed and deficit financing resources, is dwindling by the day. It is…
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Oil prices advanced on Friday and were heading for the second week of gains amid growing confidence that demand for fuel is starting to pick up. This is in spite of the…
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The price of Nigerian grown wheat has risen by 33 per cent due to the low production volumes of the product. The rise in the cost of wheat may lead to increase in the prices of…
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The Naira on Friday weakened marginally against the dollar at both the parallel market in Lagos State and the investor’s window. NAN reports that the Nigerian currency traded at…
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After social media outcries, Access Bank on Sunday said it will refund stamp duty deductions from accounts of its customers on Saturday. According to reports, the stamp duty…
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