Business

FG Records N927.2bn Trade Surplus in Q1 2023 - NBS The National Bureau of Statistics (NBS) says Nigeria recorded N927.16 billion trade surplus between January...

NGX Sheds N7bn on First Trading Day, Halts Market  The Nigerian Exchange Limited on the first trading day of the week shed seven billion naira,...

FG Records N930bn Fiscal Deficits in Two Months - Report The Central Bank of Nigeria says the Federal Government recorded N930.8bn fiscal deficit in January...

International Airlines to Generate $803bn Revenue, 4.5bn Passengers in 2023 The International Air Transport Association announced an expected strengthening of airline industry profitability in an...

Nigeria Air: Reps Summon Aviation, Justice Ministries Officials Today The House of Representatives Committee on Aviation has rescheduled its investigative hearing on the controversial launch...

OPEC Raises Nigeria’s Oil Output As Saudi Arabia Cuts Production   Members and non-members of the Organisation of Petroleum Exporting Countries, referred to as OPEC+, on...

Forex Turnover In I&E Rises By 78% To $2.5bn   The volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the foreign...

Trapped Funds: Foreign Airlines Plan Meeting With Fed Govt   The Switzerland-based global airline body, International Air Transport Association (IATA) on Sunday warned that rapidly rising...

CBN Reveals Earnings From Electricity Export Drop By 27%   Nigeria’s electricity export crashed by $58.1m in one year amid grid collapse. Data from the Central Bank...

Fuel Importation: Marketers Demand Equal Access To Forex   Oil marketers have projected that the ex-depot price of Premium Motor Spirit, popularly called petrol, would hit...

NNPCL Ending Crude Oil Swap Contracts - Kyari   The National Petroleum Company Limited (NNPCL) has said it is winding down crude swap contracts with traders...

Subsidy Removal: We must do Soul-Searching on Minimum Wage - Tinubu  President Bola Ahmed Tinubu Friday in Abuja said improved livelihood for Nigerians remains a...

Telcos Issue Banks Disconnection Notice over N120bn USSD Debt Telecommunication firms have issued Deposit Money Banks disconnection notice amid a disagreement over Unstructured Supplementary Service...

Inflation: Nigerians’ Household Consumption Declines in 2022 – NBS The National Bureau of Statistics has disclosed that household final consumption grew by -12.47 per cent...

Reps Approve $700m Disbursement Fund to Maritime Operators The House of Representatives Committee on Nigerian Content Development and Monitoring has approved that the Nigerian Maritime...

World Bank, Customs Partner to Improve Trade Compliance The Nigeria Customs Service, in collaboration with the World Bank under the Accelerating Revenue Mobilisation Reforms Programme,...

Operators kick as Maritime Workers Threaten Strike The Maritime Workers Union of Nigeria has threatened to embark on an industrial action on Monday over the...

NNPC, Not FG Funded Subsidies For 2022, First Half of 2023 - Kyari By Ozumi Abdul Group Chief Executive Officer of the National Petroleum Company Limited...

Multiple Exchange Rates May Increase Nigeria's Debt Burden, Says W’Bank The President of the World Bank Group, David Malpass, has warned that Nigeria’s parallel exchange...

Nigeria’s SDG Funding Gap Now $10bn Yearly - UN The United Nations says Nigeria now has a funding gap of $10bn per annum to meet...