Nigeria’s inflation continued an upward swing in November, reaching 18.48 per cent, from 18.33 percent recorded in October, the National Bureau of Statistics said in its latest consumer price index report released Thursday. When compared month-to-month, the November-October phase shows...

In a move which will restructure the financing template for oil earnings, increase investments and boost government revenues, the Federal Government has reached agreement on a new cash call exit policy with the international oil companies (IOCs). The historic agreement...

The Comptroller General of the Nigerian Immigration Service (NIS), Mr. Muhammad Babandede has said Nigerians would now have to pay more for their international passports. According to him, the hike in fees was necessitated by the high cost of producing...

The Minister of Budget and National Planning, Sen. Udoma Udo Udoma, will give a breakdown of the N7.30 trillion 2017 budget estimates on Monday, according to a statement. The statement, issued by the minister’s Media Adviser, James Akpandem on Wednesday...

Nine months after it lost Africa’s top oil producer status to Angola, Nigeria has seen its crude oil production surpass that of the southern African country, data from the Organisation of Petroleum Exporting Countries have shown. Nigeria had in March...

The naira closed flat at 485 against the United States dollar at the parallel market on Wednesday, three trading days after the local currency fell against the greenback to the current level. The naira has been under persistent pressure both...