Economy

By Enyichukwu Enemanna Nigeria's President, Bola Tinubu has delisted the Federal Capital Territory (FCT) Administration from the Treasury Single Account (TSA), giving the territory more control over its finances. TSA refers to a public accounting system...

By Emmanuel Nduka World Bank President, Ajay Banga, has stated that Africa's debt servicing is consuming 7.6 percent of its gross domestic product (GDP). Banga who stated this on Thursday, at a joint International Monetary Fund...

By John Ikani Nigeria's central bank on Thursday, announced its intention to occasionally intervene in the foreign exchange market with a view to enhancing liquidity. The apex bank has also announced an end to an eight-year...

By John Ikani Amidst the growing scarcity of foreign exchange in Nigeria, the naira took a significant hit on Thursday, dropping to N1045 against the US dollar on the parallel foreign exchange market. The depreciation can...

By John Ikani The Nigerian oil and gas industry is poised for a boost in crude oil production, employment creation, and capital injection with the planned divestment of some assets by international oil and gas companies...

By John Ikani The value of Nigeria's Naira suffered further depreciation against the United States dollar in the unofficial market on Wednesday. According to data collected from currency dealers, the local unit traded at N1,030 per...