The Nigerian National Petroleum Company (NNPC) Limited has reported a sharp decline in oil revenues in June, falling to the lowest point in three months as global crude prices remain unstable.
The federal government has called for urgent measures to unlock the vast, but under-utilised economic potential between Nigeria and Egypt, saying that bilateral trade between both countries remains paltry at $211.2 million as of 2023.
Naira Strengthens Against Dollar in Black Market
The Naira extended its gains against the US dollar on Monday, July 21, appreciating in the parallel market.
Currency dealers in Abuja told Economic Confidential that the Naira was exchanged at ₦1,520 per dollar for buying and ₦1,528 for...
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has expressed concern over the inflationary implications of rising liquidity levels in the banking system.
Nigeria’s current account surplus is projected to decline sharply in 2025, dropping to 2.7% of GDP from 9.2% in 2024, according to the H2 2025 Economic Outlook Report released by CSL Stockbrokers Limited, a subsidiary of FCMB Group Plc.
