Economic

Latest Economic News

Oil Rally Nears $80 as Middle East Crisis Tests Nigeria’s Economy, Naira Slides to N1,375/$1

Escalating tensions involving Israel, Iran and the United States have pushed global…

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Nigeria’s Net Foreign Reserves Jump 772% to $34.8bn

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has…

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Dangote Refinery Raises Petrol Price from N774 to N874

The Dangote Petroleum Refinery has increased its Premium Motor Spirit (PMS) gantry…

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Africa Leads Global Air Travel Growth with 11.7% Surge in January

African airlines recorded the highest international air travel demand growth globally in…

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FG Pushes $10bn Naira–Yuan Swap Deal to Ease Dollar Pressure

The Federal Government (FG) is pushing to expand Nigeria’s existing Naira–Yuan currency…

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NGX Group Raises Dividend by 50%, Announces 1-for-3 Bonus Shares

The board of Nigerian Exchange Group Plc (NGX Group) has approved a…

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Pension Funds Increase Equity Holdings to N3.96trn as Assets Hit N27.45trn

Nigeria’s pension industry is cautiously expanding its exposure to domestic equities, signalling…

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Chaos at Lagos Airport Tollgate as FAAN Enforces Cashless Payment Policy

There was heavy gridlock at the tollgate of the Murtala Muhammed International…

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FG: 7th Axial Road to Ease Lekki Port Congestion, Boost National Logistics

The Federal Government has said the 7th Axial Road project in Lagos…

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FAAN Warns of Flight Cancellations to Middle East Over Airspace Closures

The Federal Airports Authority of Nigeria (FAAN) has warned of flight cancellations…

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