With or Without Foreign Investors, we can Develop our Economy - Tinubu President Bola Tinubu has said Nigeria's economy is at a turning point and will require the steadfast support of the private sector for sustained growth and prosperity. Speaking during Iftar on Thursday in Abuja...

Naira Sustains Gains, Exchanges For N1255/$1 At Official Window, N1,245/$1 At Parallel Market The naira on Thursday continued to gain against the dollar, at the official window while it maintained stability at the parallel markets. At the Nigerian Autonomous Foreign Exchange (NAFEM) window, the naira closed...

NBS Report: Naira Crash Pushes Raw Material Imports To N3trn   Imports of raw materials into the country rose by 25 per cent to N3tn in 2023. This is according to the Foreign Trade Statistics data published by the National Bureau of Statistics (NBS). The major raw materials...

Fuel Subsidy: Queues Return As Backlog Stifles Supply   Motorists in some parts of Lagos faced a resurgence of petrol queues on Thursday as the Nigerian National Petroleum Company Ltd (NNPC) struggled to meet national demand due to a backlog of unpaid subsidies. The NNPC Ltd, which...

We Lost N1.5trn To FX Crisis In Six Months – MAN The Manufacturers Association of Nigeria (MAN) has said that its members have lost at least N1.5tn in the last six months to forex-related transactions. The Director-General of MAN, Segun Ajayi-Kadir, made the disclosure in an...

Our Economy now Looking Good - Tinubu President Bola Tinubu has assured Nigerians that his administration would fix the country’s economic challenges, including bringing down the ballooning inflation level. He said that even though he does not have a magic wand, Nigerians should not worry as...