UK economy fell into recession at the end of 2023
The UK fell into recession during the final three months of last year, official figures show, after the economy shrank...
Oil Prices Dip as U.S. Crude Inventories Surge, Raising Demand Concerns
Oil prices experienced a decline in early trade on Thursday following a significant increase in U.S. crude inventories, triggering concerns...
Nigeria’s Importers Face Escalating Misery as CBN Adjusts Customs Exchange Rate Again
The challenges for Nigerian importers have intensified as the Central Bank of Nigeria (CBN) made yet another adjustment to the...
FG Attributes Low Electricity Supply to N3 Trillion Debt to Gas and Power Companies
In a press briefing on Wednesday, the Minister of Power, Adebayo Adebayo, revealed that the federal government's outstanding debt of...
President Tinubu Appoints Olayemi Cardoso as Chairman of CBN’s Monetary Policy Committee
President Bola Ahmed Tinubu has appointed Olayemi Cardoso, the current Governor of the Central Bank of Nigeria (CBN), as the...
Crude Oil Prices: Agusto & Co. Warns of significant Impact on Nigeria’s Economy and GDP growth in 2024
Pan-African Credit Rating Agency Agusto & Co. has predicted a shift in crude oil prices, estimating that they may settle...
2024 Economic Outlook: Expert Highlights Key Influencing Factors, Says Banking Sector Faces, Says Banking Sector Faces Dynamic interplay of policy changes
As the first quarter of 2024 unfolds, the Head of Financial Institutions Ratings at Agusto and Co, Ayokunle Olubunmi, has...
Senate Committee Urges Central Bank of Nigeria to Combat Inflation for Economic Stability
In a bid to address the rising inflationary pressures in the country, the Senate Committee on Banking, Insurance, and other...
UK Minister for Business and Trade Embarks on a Three-Day Visit to Strengthen UK-Nigeria Partnership
In a move to fortify the ties between the United Kingdom and Nigeria, the UK’s Minister for Business and Trade,...
Nigeria’s Economic Reforms Garner International Approval as IMF Confirms Adequate Capacity to Repay $2.82 Billion Debt
The International Monetary Fund (IMF) has expressed confidence in Nigeria's ability to repay its $2.82 billion debt to the institution,...
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