Economy

The British government has emphasised the need for the Federal Government to fix fundamental political and economic issues affecting businesses in the country to retain foreign investments and attract more. British High Commissioner to…

The Nigerian National Petroleum Company (NNPC) Limited on Tuesday declared a profit after tax of N674bn. The Group Chief Executive Officer of NNPC, Mele Kyari, in Abuja said the NNPC as a corporation grew its profit after tax from N287bn…

Botswana is set to sign some bilateral agreements with Nigeria to enhance economic and people-to-people cooperation between them. Botswana Ambassador to Nigeria, Pule Mpothwe made this known in an interview with newsmen in Abuja on the…

Britain’s economy grew in the second quarter and did not shrink as previously thought, data showed Friday, easing recession fears amid ongoing turmoil over the government’s tax-slashing budget. Gross domestic product expanded 0.2 percent…

The Central Bank of Nigeria (CBN) says its Monetary Policy Committee (MPC) decision to increase Monetary Policy Rate (MPR) is to control rising inflation. Hassan Mahmoud, CBN’s director, Monetary Policy Department said this on Wednesday at…

The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR), which measures interest rate, to 15.5 per cent from 14 per cent to tame rising inflation. CBN Governor, Godwin Emefiele, disclosed this on Tuesday after a…

The Naira appreciated slightly against the dollar at the Investors and Exporters window on Friday as it exchanged at N436.33. The rate represented a 0.04 per cent appreciation compared to the N436.50 for which the dollar was exchanged on…

The Debt Management Office (DMO) has disclosed that Nigeria’s total public debt stock, which was N41.60 trillion (100.07 billion dollars) in March rose to N42.84 trillion (103.31 billion dollars) by June. According to a statement…

The National Bureau of Statistics (NBS) says the average price of 5kg of cooking gas increased from N4,397.68 in July to N4,456.56 in August. The NBS made this assertion in its Cooking Gas Price Watch issued on Tuesday in Abuja. It…

President Muhammadu Buhari on Tuesday commended the Central Bank of Nigeria (CBN), alongside the Nigeria Deposit Insurance Corporation (NDIC), the National Insurance Commission (NAICOM) and the Securities and Exchange Commission (SEC),…