ECONOMY

CBN says “the current and capital account recorded a surplus of $17.22 billion in 2024, underpinned by a goods trade surplus of $13.17 billion. Petroleum imports declined by 23.2% to $14.06 billion, while non-oil imports fell by 12.6% to…

While Nigeria’s main export – crude oil – is not directly targeted by the new US tariffs, these policy changes have happened at the same time as falling international oil prices. This timing raises concerns about possible pressure on…

Represented at the event by Chika Onyewuchi, the NSITF General Manager, Informal Economy, Ali-Macaulay said: "As an institution dedicated to social security and welfare of Nigerian workers and their families, the Fund is committed to…

The governor cites a79.4 percent rise in remittances to $4.18billion in the first three quarters of 2024, compared to $2.33billion in the same period of 2023. This reform, alongside the clearance of a $7.0 billion backlog of FX commitments,…

Cardoso’s newly introduced FX code is aimed at improving market liquidity, enhancing transparency, and providing guidance for all those participating in the country’s foreign exchange sector

According to sources, the debt originated from a $200 million loan facilitated by the Central Bank of Nigeria (CBN) under the leadership of former governor Godwin Emefiele. The CBN reportedly coerced the Asset Management Corporation of…

The Vice President emphasized the importance of skills acquisition among young Nigerians, saying the nation can no longer afford to have a growing population of idle, unemployed, and unemployable youths. Nkwocha noted that the Vice…

“We are taking you through our plant. This plant is running. It is not 100 percent. We are still in the process. Kyari said.

The spokesperson of the Nigerian National Petroleum Company Limited, Olufemi Soneye, disclosed this on Tuesday.

ADMIN. In a bid to keep up with the ever-evolving banking system, most Nigerian banks recently conducted upgrades to their core banking applications. This trend began with Sterling Bank on September 10, when it migrated to a new core…