Nigeria’s economic contraction shows weak fundamentals – LCCI
The Lagos Chamber of Commerce and Industry has said the output contraction Nigeria recorded last year highlights the country’s weak
Read more
Author: Markets Reporters
Nigeria’s economy beats World Bank, IMF estimates, emerges from recession
Nigeria, Africa’s biggest economy, has snapped out of recession as it recorded positive growth in the fourth quarter of 2020,
Read more
Rising food prices will worsen Nigeria’s poverty situation – LCCI
The Lagos Chamber of Commerce and Industry has said the rising food prices in Nigeria will worsen the poverty situation
Read more
NNPC rules out petrol price hike this month
The Nigerian National Petroleum Corporation has ruled out any increment in the ex-depot price of Premium Motor Spirit (petrol) this
Read more
WorldRemit welcomes CBN mandate on new dollar bank accounts
WorldRemit, a cross-border digital payments service, has described as a welcome development the Central Bank of Nigeria’s announcement that all
Read more
Naira falls against dollar at parallel market, I&E window
The Nigerian currency has pared some of its recent gains as it weakened against the dollar at the parallel market
Read more
Nigeria’s forex reserves down $570m to $35.63bn despite oil rally
The foreign exchange reserves of Nigeria, Africa’s biggest oil producer, fell by $570 million in the first 15 days of
Read more
Get on board or be left behind, Okonjo-Iweala tells Nigeria, others
The new Director-General of the World Trade Organization, Dr Ngozi Okonjo-Iweala, has said Nigeria and other African countries should embrace
Read more
Nigeria’s inflation surges to 16.47%, highest in 45 months
The inflation rate in Nigeria rose further in January to its highest level in 45 months, official data showed on
Read more
Universal Insurance grows annual profit by 1,646%
Universal Insurance Plc has reported an increase of 1,646 percent in its profit after tax for the 2020 financial year.
Read more