Economy

The National Bureau of Statistics (NBS) on Monday said headline inflation dropped from 24.48 per cent in January 2025 to 23.18 per cent in February 2025. NBS reported this on Monday, a month after it rebased its Consumer Price Index…

The Nigerian Economic Summit Group (NESG) has revealed that approximately 30% of the country’s Micro, Small, and Medium Enterprises (MSMEs) shut down between 2023 and 2024 due to harsh economic conditions. This translates to an estimated…

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, said the Federal Government has unveiled a comprehensive economic plan for sustainable development. Mr Edun disclosed this in a statement issued by the…

The United States stock market experienced a massive $4 trillion decline on Monday, March 10, as investor fears over economic instability, escalating trade tensions, and the potential for a recession triggered by widespread selloff. Wall…

Nigerians could be on the verge of paying more for Premium Motor Spirit (PMS) as the Nigerian National Petroleum Company (NNPC) Limited has stopped its naira-for-crude deal with Dangote Petroleum Refinery and other local refineries. With…

The Central Bank of Nigeria (CBN) has appointed 16 new directors to head key departments in its operations. Their appointments into operations in several policy-driven, regulatory and supervisory capacities take effect from March 3.…

The Nigerian National Petroleum Company Limited (NNPCL) has adjusted the pump price of Premium Motor Spirit (PMS), better known as petrol, to N860 per litre. The adjustment took effect from Monday, March 3. Recall that Dangote…

Nigerian banks have started the implementation of revised Automated Teller Machine (ATM) transaction fees, following a directive from the Central Bank of Nigeria (CBN). This policy change, contained in a circular dated February 10, 2025,…

Available indices have shown that Fidelity Bank Plc is making impressive strides on its path to fulfilling the recapitalization targets set by the Central Bank of Nigeria (CBN). With the successful completion of the first phase of its…

President Bola Tinubu's administration has spent over $8 billion in efforts to support the naira amid continued economic challenges. This was revealed by financial expert, Mr. Bismarck Rewane. While speaking on Channels Television on…