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…
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All the latest business news in Nigeria
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…
The Naira experienced a mixed performance on Tuesday, sliding further in the black market while making a marginal recovery at the official exchange. Currency traders in…
The Naira weakened against the U.S. dollar across various foreign exchange markets on Monday, starting the week on a downward trend. Data from the Central Bank…
The Nigerian National Petroleum Company Limited (NNPC) has reduced its pump price of Premium Motor Spirit (PMS), also known as petrol, from N945 to N860 per…
Investors in Nigeria’s stock market saw a welcome rebound on Friday, gaining N91 billion to end the week on a positive note after enduring days of…
Nigeria’s cocoa industry is undergoing a transformation, characterised by record-high prices, soaring exports, and an increasing investor appeal. As the West African country accelerates efforts to…
The naira experienced its first decline in the parallel foreign exchange market on Wednesday after holding steady since the start of the week. A Bureau de…
The naira appreciated against the dollar across both parallel and official foreign exchange markets on Monday, starting the week on a positive note. According to data…
The Socio-Economic Rights and Accountability Project (SERAP) has taken legal action against the Central Bank of Nigeria (CBN) over what it describes as an unfair and…