Nigeria’s Financial Sector Grows by Over 30% in First Half of 2024 – Minister of Finance
At the 17th Annual Banking and Finance Conference held in Abuja on Tuesday, Nigeria’s Minister of Finance and Coordinating Minister ...
Eurozone Private Sector Activity Reaches 3-Month High Amid Mixed Sector Performance
In August 2024, the Eurozone's private sector activity saw a modest uplift, with the Composite Purchasing Managers' Index (PMI) rising ...
Private Sector Sees Mild Expansion as PMI Hits 50.2, Driven by Services and Agriculture
The Central Bank of Nigeria (CBN) has reported a positive shift in the private sector’s performance, with the Composite Purchasing ...
Nigerian Equities Market Faces 0.2% Decline as Profit-Taking Hits Key Stocks
The Nigerian equities market, which began the week with promising gains, experienced a setback as profit-taking activities led to a ...
FX Reserves Decline for 5th Consecutive Week Amid Tight Foreign Exchange Supply
Nigeria’s foreign exchange (FX) reserves have decreased by USD1.03 million week-on-week (w/w), bringing the total to USD36.30 billion as of ...
NNPC Blames Petrol Scarcity on FX Illiquidity, Vows to Address Supply Shortfalls
The Nigerian National Petroleum Company Limited (NNPCL) has acknowledged the ongoing fuel scarcity across the country, attributing it to foreign ...
Stanbic IBTC PMI Report: Stagnation in Nigerian Private Sector as Business Activity Flatlines in August
Business activities in Nigeria's private sector remained broadly stagnant in August, as reflected in the latest Stanbic IBTC Bank Purchasing ...
LCCI Lauds Nigeria’s Q2 2024 GDP Growth, Calls for Sustained Reforms Across Key Sectors
The Lagos Chamber of Commerce and Industry (LCCI) has commended Nigeria's impressive economic performance in the second quarter of 2024, ...
Government Ramps Up Efforts to Stabilize Power Supply Amid DisCos’ Capacity Challenges
Nigeria’s electricity distribution companies (DisCos) have struggled to absorb the full power generation capacity, highlighting a significant bottleneck in the ...
NNPCL Admits Financial Strain Could Disrupt Petrol Supply as Debt Reaches $6 Billion
Nigeria National Petroleum Company Limited (NNPCL) has acknowledged that its ongoing financial challenges may jeopardize the sustainability of petrol supply ...
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