In the third quarter of 2024, the demand for foreign exchange decreased significantly, mainly because of a notable reduction in invisible transactions. 

According to a new report by Reuters, Dangote Petroleum Refinery retained 13 per cent of Nigeria’s crude oil exports as domestic supply in 2024.

‎SPECIAL REPORT: Cash Crunch, Exorbitant POS Charges in the Face of ATM Shortages By Economic Confidential Crew The banking system in Nigeria has undergone significant transformations since the 1990s. Gone are the days of tedious paperwork and long queues that...

33 Former CBN Workers Seek N30bn Compensation for Wrongful Termination   A group of former Central Bank of Nigeria employees, who were let go in a large-scale restructuring effort last year, have filed a lawsuit against the apex bank at the...

Report Reveals MDAs' N22bn Solar Installation Expenditure   Nigeria's federal ministries, departments, and agencies spent a staggering N22,782,065,914.14 on solar power installations across the country in 2024. This significant investment in renewable energy was revealed through records accessed on BudgIT's accountability...

Brent Oil Price Nears 3-Month High, Reaches $76   Global oil prices held steady near a three-month peak yesterday, driven by strong demand from Asian refineries, which in turn boosted the value of certain Middle Eastern oil grades. Brent traded near $76...