Browsing: Business

Central Bank Governor, Olayemi Cardoso has clarified that the significant depletion of the country’s foreign reserves was as a result of the repayment of a backlog…

In the wake of the country’s dwindling oil revenue, the Federal Government of Nigeria says it will have no choice but to take back idle oil…

In February, the federal government received N1.49 trillion from two FGN bond offerings issued by the Debt Management Office (DM0), falling short of the aim of…

The Central Bank of Nigeria this week sold up to 86 million dollars in the spot market in its first sale of dollars in the market…

Nigeria’s annual inflation rate has risen to 29.90 per cent in January from 28.92 per cent in December 2023, according to the National Bureau of Statistics…

The Nigeria Exchange or NGX closed negative on Friday dipping by 0.11 per cent week-on-week due to weak market momentum which earned investors N39bn in loses.…

The government of Ghana is making key downward revisions to the macro-fiscal targets and Gross Domestic Product (GDP) projections for the year 2023 to reflect a…

Aero Contractors, Nigeria’s oldest airline operator has revealed the indefinite suspension of its operations. The company said the suspension will come into effect from Wednesday, the…

With the world battling an excruciating level of inflation, the Nigerian statistical body has revealed that inflation has hit a 5-year high in the country. A…

A recent push to move business via the Djibouti route poses a new threat to the Port of Mombasa, depriving Kenya of revenue from the 1.1…