Naira continues to struggle
The Naira continues to struggle, declining by one naira on the black market over the weekend.…
Prospects for Nigeria’s oil sector
The International Energy Agency predicts that demand for oil is set to increase until 2040 given the lack of investment in alternative sectors and despite the 2015 Paris Climate Change Agreement entering…
Nigeria economic outlook
Nigeria's headline inflation hit 18.3 per cent in October 0.48 percentage points higher than the rate recorded in September. As more economic data pours in and the monetary policy committee meeting expected…
Nigeria inflation rises to 11-year high in October
Nigeria's year-on-year inflation rose to an 11 year high in October ahead of the Monetary Policy Committee meeting next week.…
Nigeria plans NNPC listing
Nigeria's government says it plans to list its National oil company on the Nigerian Stock Exchange once petroleum sector reforms are concluded.…
Nigeria Stock Exchange index rebound
Nigeria's equity market finished the session higher for the first time in six trading days on Thursday with the NSE All Share Index up 0.18 per cent to close at 26,221 points.…
Nigerian stocks drift lower as investors await economic data
Nigeria's equities market ended lower again today after kicking off the week in red and as investors anticipate the release of economic data next week.…
20,000MW not achievable by 2020 – NBET boss
As the government moves ahead to boost electric power in Nigeria, the Managing Director of the Nigerian Bulk Electricity Trading Company says government's target for 20,000 megawatts of electricity by the year…
Nigeria issues N100bn OMO T-bills
Nigeria's central bank last week stepped up its efforts to mop up liquidity in the banking system by issuing over N100 billion OMO T-bills two weeks before the November monetary policy committee…
Nigeria’s manufacturing want one billion dollars forex allocation
According to the manufacturers association of Nigeria, the manufacturing industry requires an injection of about one billion dollars to enable it contribute significantly to the economy.…
Naira remains steady against US dollar
The Central Bank of Nigeria held an OMO T-bills auction on Thursday, selling N19 billion and N98 billion on the 196-day and 364-day bills.…