Business & Economy

Business & Economy

Naira official rate closes lowest since float

Plu Team -
The naira closed Monday at its lowest rate to the dollar since the Central...
Business & Economy

May Inflation Report: No relief for Nigerians as prices rise further

Jane Kalu -
Consumer prices rose 22.41% in the year through May, the highest pace in 18...
Media

With Emefiele out, Naira rate publisher AbokiFX eyes comeback

Plu Team -
Popular online currency quote platform AbokiFx has indicated the possibility of resuming the publication...
Business & Economy

Black market struggles after Naira’s big drop on official market

Plu Team -
The naira fell 36% on Wednesday, the most in seven years, after the Central...
Development

97% of Nigerian bank accounts don’t have over N500,000

Plu Team -
An overwhelmingly large number of Nigerians do not have up to half a million...
Explainer

Nigeria’s Eurobonds up after Emefiele’s removal. Here’s what it means

Plu Team -
Nigeria’s dollar bonds rose on Monday after Friday’s suspension of Central Bank of Nigeria...
Business & Economy

Tinubu says he feels Nigerians’ fuel subsidy pains. Many don’t buy it

Plu Team -
President Bola Tinubu on Monday offered a promising outlook following his removal of fuel...
Business & Economy

SSS confirms arrest of suspended CBN governor Emefiele

Jane Kalu -
Nigeria's spy police has confirmed the arrest of the suspended governor of the Central...
Business & Economy

The CBN man replacing suspended Emefiele has an interesting profile

Ini Ekott -
​Godwin Emefiele, governor of the Central Bank of Nigeria, who for years poured out...
Business & Economy

World Bank cuts Nigerian economy growth forecast again

Jane Kalu -
Nigerian economy will grow at a slower pace in 2023 than projected six months...
Business & Economy

“Fix refineries, roads…” No quick reliefs in NLC conditions to halt strike

Plu Team -
The two major labour unions, Nigeria Labour Congress and the Trade Union Congress, on...
Nation

NLC and TUC back off: No fuel subsidy strike again

Plu Team -
Nigeria’s major labour unions say they are stepping back from their initial plan to...
Nation

Subsidy removal: Kwara civil servants get two days off each week

Jane Kalu -
Civil servants in Kwara state have the government’s permission to work for three days...
Business & Economy

Subsidy: Nigerians struggle to go to work, fuel cars at ‘crazy’ rates

Plu Team -
Nigerians are struggling to fuel their cars and commute to their workplaces a week...
Business & Economy

NLC suggests fuel subsidy showdown after NNPC ‘ambush’

Plu Team -
The Nigeria Labour Congress seems ready for a showdown with the federal government over...
Business & Economy

CBN denies devaluing Naira. It denied previous devaluations too

Plu Team -
The Central Bank of Nigeria has denied devaluing the naira in a fresh attempt...
Business & Economy

At N557 a litre, margin of petrol price increase widest in 30 years

Plu Team -
The Nigerian National Petroleum Company Limited has confirmed increasing the price of petrol across...
Business & Economy

Fuel chaos #Day 2: Nigerians pay dearly after Tinubu subsidy remark

Jane Kalu -
Nigerians faced a second day of chaos as the price of petrol soared across...
Business & Economy

Price of petrol to rise as Tinubu ends subsidy

Plu Team -
President Bola Tinubu has announced the removal of petrol subsidy, setting the stage for...
Business & Economy

Naira drops to six-month low at parallel market

Plu Team -
The naira fell to N780 a dollar at the parallel market on Friday, trading...
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