The Nigerian Treasury Bills (NT-Bills) market experienced a bearish turn last week, driven by investors shifting their attention toward the Primary Market Auction (PMA) in search…
Browsing: Business
All the latest business news in Nigeria
Nigeria’s Federation Account Allocation Committee (FAAC) recorded a N194.664 billion revenue decline in February 2025, marking a drop from the previous month’s figures. According to FAAC’s…
The Naira appreciated against the dollar at the official foreign exchange market on Wednesday, marking its first gain since Friday, March 14, 2025. According to data…
The naira posted its first gain of the week against the dollar in the parallel foreign exchange market on Tuesday. A Bureau de Change operator in…
Nigeria’s oil industry faces mounting uncertainty following two major pipeline explosions, raising alarms over the country’s key export sector. The latest blast occurred at a facility…
The naira weakened against the dollar across foreign exchange markets at the start of the week, despite a decline in Nigeria’s inflation rate. According to data…
Nigeria’s exports of goods declined by 2.55 percent in the fourth quarter (Q4) of 2024, reaching a total value of N20,014.33 billion, down from N20,537.17 billion…
The Nigerian Content Development and Monitoring Board (NCDMB) has called on key stakeholders in the oil and gas industry, including the Nigerian National Petroleum Company Limited…
Nigeria experienced another widespread blackout on Friday as the country’s electricity grid suffered a partial collapse, plunging several cities into darkness. The grid failure, attributed to…
The Naira experienced its steepest decline against the U.S. dollar across both official and parallel foreign exchange markets on Wednesday. According to data from the Central…