Category: Business

Oil price gain amidst dollar fall

Oil prices gained on Friday as the dollar slipped to a three-year low and global stocks headed for their biggest weekly gain in six years. U.S. West Texas Intermediate...

FG issues $2.5 billion Eurobond to be listed on the London stock exchange

The federal government has again floated a $2.5 billion Eurobond, making the fifth issuance in the country’s history. In a statement by director of information at the...

World Bank approves $486 million loan to Nigeria

World Bank has approved a 486 million dollars credit facility to Nigeria for electricity grid improvements, the lender said on Friday. “The investments under the...

Nigerian banks to report FX items for year 2017 based on NiFEX rate

Fitch rating agency has disclosed that Nigerian banks plan to report the foreign currency items in their 2017 financial statements based on the Nigerian Foreign Exchange...

National Economic Council call for correct pricing of petrol in Nigeria

The National Economic Council (NEC), has instructed its committee on the forensic audit of revenue accrued into the federation account, excess crude account and...

Nigeria’s Inflation rate continues steady decline

Nigeria’s Inflation rate has continued its steady fall, coming down to 15.13% for the month of January. This represents the 12th straight month the rate has fallen....