Economy

The Federal government has made clarifications regarding its approval of the extension of rail construction from Lagos-Kano-Katsina to Marradi in Niger Republic. The clarification became necessary after Nigerians expressed concern over the country's utilization of borrowed...

A report by Bloomberg on Friday said members of the global trade body decided to select Mrs Okonjo-Iweala, former Managing Director of the World Bank, along with four other candidates they considered the best fit for...

Mr Buhari issued his latest directive at a meeting of the National Food Security Council at the State House, Abuja, on Thursday. In a statement, Garba Shehu, Mr Buhari’s spokesperson, said the president ordered the Central...

Food inflation in Nigeria rose in August to 16.0 per cent, compared with 15.48 per cent in July, the National Bureau of Statistics said in a report on Tuesday.  Headline inflation, which includes the prices of...

Despite resumption of forex sales to Bureau de Change operators, the Nigerian currency slumped in the parallel market Thursday. Checks by Premium Times showed that the naira exchanged to the dollars at N440 in Lagos, down...

The significant decline of Nigeria’s foreign exchange earnings as well as revenue accruable to the federation account have persisted due to declining crude oil prices at the international market, the Governor of the Central Bank of...