Economy

The Nigerian navy has received the newly acquired hydrographic ship, NNS LANA. The Chief of Naval Staff Vice Admiral Awwal Gambo was on ground to receive the ship at Lagos on Monday. Speaking at the reception...

Nigeria’s  Inflation rate dropped to 18.12 percent in April 2021, the National Bureau of Statistics, NBS, said on Monday. According to latest data released by the agency, food, urban, and rural inflation also dropped, leaving core...

The Nigerian National Petroleum Corporation (NNPC) is yet to take a position on new price of petrol as it awaits outcome of Federal Government’s discussion with Labour on fuel subsidy, the Nation reports. There was anxiety...

The World Bank has stated that only 22% of the poorest of Nigeria’s households have access to electricity supply network, making it the largest country with the most unelectrified people than the second most unelectrified country...

The Central Bank of Nigeria CBN has removed the N379/$1 official rate from its website, a development which suggests gradual harmonisation of exchange rates and tactical devaluation of the naira. The policy shift also confirmed longtime...

The Nigerian naira fell to a record low on the official market yesterday, with lenders quoting it 7.7% weaker against the dollar, following a currency devaluation aimed at unifying multiple exchange rates. Having traded within a...