Exchange Rates Plunge after CBN Calls Naira Undervalue The Nigerian naira exchange rates across the foreign exchange (FOREX) markets tumbled as the volume of foreign currency supplied was insufficient to…
Nigeria, Morocco Move to Fast-Track $30bn Gas Project The federal government and Moroccan authority are in talks to fast-track Nigeria-Morocco Gas pipeline projects estimated at $30 billion, according to a…
NNPCL $3.3bn Loan to Cost Nigeria $12bn – Atiku Ex-vice president of the Federal Republic of Nigeria Alhaji Abubakar Atiku has asked President Bola Tinubu to explain in a plain…
Naira Weakens Against USD, EUR, GBP The Naira exchange rate faced a setback in the foreign exchange (FX) markets as demand eclipsed total market supply amidst rising import appetite. The…
Tesla Earnings Slump on Price Cut Electric car maker Tesla reported a 39% drop in adjusted net income for the final quarter of 2023, to $2.48 billion, or $0.71 per…
European Union to Invest €18m in Nigeria Vaccine Research The European Union (EU) says it will invest 18 million Euros to fund vaccine research in Nigeria. The Head of the…
CBN Targets 21.4% Inflation Rate for 2024 Amidst strong price instability, the Central Bank of Nigeria (CBN) has set a 21.4% inflation target for the year 2024, saying that the…
CBN Pledges Support for Investment Drive, Special Economic Zones The Central Bank of Nigeria (CBN) says it will continue to support the Federal Government to implement an investment promotion strategy…
FG Denies Plan to Relocate Federal Capital to Lagos The Federal Government (FG) under the administration of President Bola Tinubu is not planning to relocate the Federal Capital from Abuja…
Nigeria Records Steep Increase in Food Prices The National Bureau of Statistics (NBS), said prices of beef, rice, beans, onion, tomato, and other food items increased in December 2023. It…