In the past six months, the prices of essential food items have risen significantly in consonance with the rising level of inflation in the country, which hit an 11-year high of 16.5 per cent last month. The National Bureau of Statistics on Monday released the Consumer...

...Interbank interest rate hit 22% ...We don’t run any business — AMCON The naira depreciated in all the segments of the foreign exchange market last week due to shortage of dollars. Meanwhile the interbank foreign exchange market will experience the maturity of $697 million one-month forwards contract...

A civil society organisation, Socio-Economic Rights and Accountability Project (SERAP), has sued the federal government for what it described as its failure to release the names of suspected looters of the country’s treasury and the circumstances under which the stolen public funds were recovered. The...

The Movement for the Emancipation of the Niger Delta (MEND) wrote President Muhammadu Buhari, submitting the final list of its dialogue group, Aaron Team 2. In the letter signed by its spokeperson, Gomo Jomo, published by Premium Times, the group announced the inclusion of the leader...

Nigeria’s crude oil output increased in the month of June despite the incessant bombings of oil installations by militants in the Niger Delta region, the July 2016 report of the Organisation of Petroleum Exporting Countries has shown. Specifically, the country’s crude oil output increased by...

Investors in the power sector have declared that they will not pull out of the industry despite the recent judgment by the court, which directed the Nigerian Electricity Regulatory Commission and the Federal Government to reverse the 45 per cent increase in electricity tariffs. The...