The Securities and Exchange Commission (SEC) has warned the public about the increasing threat of Ponzi schemes and other illegal investment platforms in Nigeria. According to the commission, these schemes…
The total amount of naira in circulation fell to N5 trillion in March 2025, down from N5.04 trillion in February and N5.24 trillion in January, according to the Central Bank…
Nigeria’s money supply continued to rise in March 2025, hitting N114.22 trillion, despite strict monetary policies by the Central Bank of Nigeria (CBN), including a record high 50% Cash Reserve…
The Organisation of the Petroleum Exporting Countries (OPEC) has slightly lowered its oil demand growth forecast for 2025, citing rising global trade tensions and economic uncertainty. In its April Monthly…
The Nigeria Sovereign Investment Authority (NSIA) has announced its financial results for 2024, showing significant growth despite global economic challenges. The agency’s net assets nearly doubled, rising by 96% to…
The Central Bank of Nigeria (CBN) has reiterated its commitment to stabilizing the foreign exchange market by identifying and eliminating individuals and businesses engaged in activities that weaken the naira.…
The naira weakened at the official market last week, losing 1.25% to close at ₦1,536.89/$ on Friday, according to the Central Bank of Nigeria (CBN). The currency had started the…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has criticized depot owners and filling station operators for stockpiling petrol in anticipation of a price hike. This comes after Dangote Petroleum…
The cost of importing Premium Motor Spirit (petrol) into Nigeria has dropped to ₦797.66 per litre, down from ₦817.82 per litre last week. This comes as oil marketers consider reducing…
The Federal Government is taking steps to reduce the high cost of air tickets for both domestic and international travel while also working on improving airport security. Minister of Aviation…
