Lagos: The Naira further depreciated on Friday at the official market, trading at N1,393.25 against the U.S. dollar. This extended decline comes amid ongoing volatility in Nigeria’s foreign exchange market.…
Lagos: The Nigerian equities market reversed its bullish streak on Tuesday, recording a loss of ₦577 billion after a 13-day consecutive rally. The downturn reflects profit-taking by investors and renewed…
Lagos: Nigeria’s equities market recorded gains on Tuesday after the Central Bank of Nigeria (CBN) held the Monetary Policy Rate steady at 27 per cent, signalling investor confidence despite tight…
Abuja: The National Bureau of Statistics (NBS) reports that Nigeria’s headline inflation rate eased further to 16.05% in October. The NBS disclosed this in its Consumer Price Index (CPI) and…
MoniePoint‘s fresh report has uncovered a worrisome economic trend within Nigeria’s informal sector, as nearly eight out of ten unregistered small businesses have battled a sharp rise in operational costs…
Washington: The Central Bank of Nigeria (CBN) says Nigeria’s inflation rate has dropped for six months straight, hitting 18.02 per cent in September – its lowest point in three years.…
Abuja: The average retail price of Premium Motor Spirit (petrol) surged to N1,024.99 per litre in July 2025, marking a significant year-on-year increase of 33.02%, according to the latest data…