Friday, August 7, 2026
CBN’s PMI report shows rise in employment
The Central Bank of Nigeria (CBN) purchasing managers index (PMI) report for July shows employment level index on the rise...
Read moreDetailsFuel subsidy removal will add 4% to global GDP, IMF tells Nigeria, others
The International Monetary Fund (IMF) Wednesday reiterated the need for Nigeria and other countries that still retain the policy of...
Read moreDetailsFG’ll pay ‘failed investors’ N736bn to repossess Discos
The federal government is considering repossession of 10 electricity distribution firms as one of the options to rescue the nation’s...
Read moreDetailsNSE: Indices drop by 0.82%, as investors lose N109bn after Sallah break
Transactions resumed on the Nigerian Stock Exchange (NSE) on Wednesday after the Eid-el-Kabir celebration with a loss of 0.82 percent...
Read moreDetailsOil prices fall on weak global economic data to $59
Oil prices fell on Wednesday on weak global economic data and a rise in U.S. crude inventories, almost erasing the...
Read moreDetailsEzekwesili knocks Buhari over stoppage of forex for food import
By Samson Echenim President Muhammadu Buhari's direction to Central Bank of Nigeria to stop foreign exchange allocation for importation of...
Read moreDetailsNigeria reaffirms commitment to OPEC production agreement
Nigeria has reaffirmed its commitment to production adjustments agreement under the declaration of cooperation (DoC). The agreement was reached between...
Read moreDetailsCapital market: SEC to shield investors from high charges
The Securities and Exchange Commission, SEC, Wednesday, disclosed that it was taking steps to reduce transaction costs in the Nigerian...
Read moreDetailsWall Street’s slide, Germany’s slump, China’s decline stoke recession fears
Wall Street main indexes slid 1.5% on Wednesday, as a closely watched U.S. bond market indicator pointed to a renewed...
Read moreDetailsWe haven’t spent World Bank’s $1.66bn, says TCN
The Transmission Company of Nigeria says the $1.66bn it secured from the World Bank and other multilateral financing agencies has...
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