We’ll boost external reserves to defend naira – CBN
The Central Bank of Nigeria has said it will strive to increase its foreign exchange reserves to safeguard the value
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Nigeria’s external reserves resume falling streak after $36.59bn high
Nigeria’s foreign exchange reserves have pared some of the recent gains after hitting a 2020 high of $36.59 billion last
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Nigeria’s economy faces worst recession in 40 years, says World Bank
The collapse in oil prices, coupled with the COVID-19 pandemic, is expected to plunge the Nigerian economy into a severe
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After reappointment, Afreximbank president vows to create integrated African market
The President of the African Export-Import Bank, Prof. Benedict Oramah, has said the ultimate goal under his second term of
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COVID-19: AfDB approves $288.5m loan for Nigeria
The Board of Directors of the African Development Bank has approved a $288.5 million loan to help Nigeria tackle the
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OPEC+ extends output cut deal, Nigeria to compensate for overproduction
The Organisation of Petroleum Exporting Countries and its allies, led by Russia, have agreed to a one-month extension of their record
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Nigeria’s gas flaring reduction initiative faces delay
Nigeria’s efforts to reduce gas flaring have been delayed by at least six weeks due to the new coronavirus outbreak,
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ANALYSIS: Did Tinubu’s opinion influence CBN interest rate decision?
In a surprise move on Thursday, the Central Bank of Nigeria cut its key interest rate, the Monetary Policy Rate,
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11Plc, formerly Mobil Oil, reports 37% profit drop
11Plc, one of the major oil marketing companies in Nigeria, saw its profit after tax plunge by 37 percent for
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Low demand leaves 50 Nigerian oil cargoes unsold
Amid the low crude oil demand caused by the coronavirus-induced lockdowns across the world, about 50 unsold cargoes of Nigerian
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