Economy

Dangote Petroleum Refinery has announced a further reduction in the prices of diesel and aviation fuel to N940, N980 per litre respectively.This marks the third significant reduction in diesel price in less than three weeks when the…

Nigeria, Africa’s biggest oil producer, is reportedly planning to offer up to 20% of its crude oil production for trading on its commodities exchange.Mr Akinsola Akeredolu-Ale, the chief executive of the Lagos Commodities and Futures…

The Central Bank of Nigeria has explained the significant decline in the nation’s foreign exchange reserves, asserting that it was not primarily aimed at defending the naira, as commonly believed, but rather to partially repay debts owed to…

Dangote Petroleum Refinery has announced a further reduction of the price of diesel from 1200 to 1,000 naira per litre.While rolling out the products, the refinery supplied at a substantially reduced price of N1,200 per litre three…

The demand for Indomie instant noodles has increased due to drop in the price.The News Agency of Nigeria reports that demand dropped tremendously, following increase in the price.Some residents of the Federal Capital Territory, FCT,…

Nigerian billionaire businessman Alhaji Aliko Dangote has expressed optimism that the reduction in diesel prices sourced from his refinery, from N1,650 to N1,200, will contribute to a decrease in Nigeria's inflation rate.This move is…

The Central Bank of Nigeria (CBN) has declared that it will once again sell dollars to bureau de change operators at the rate of N1,101/$.The apex bank announced this in a circular, titled, ‘Sales of FX to Meet Retail Market Demand For…

The value of transactions on the stock market of the Nigerian Exchange Ltd.(NGX) went down by 13.81 per cent on Tuesday after two days of Easter breakAnalysis of the market activities showed trade turnover settled lower relative to the…

The Central Bank of Nigeria, CBN, plans to closely monitor the recapitalisation of the Nigerian banking sector, in conjunction with the law enforcement agencies.The move is intended to prevent illicit financing in the sector.The…

Air Peace has officially commenced flight from Lagos, Nigeria to London, United Kingdom.This was disclosed by the company on its official X handle on Saturday morning.It expressed delight over the achievement and appreciated those…