Economy

By Lucy Adautin  The British unemployment rate has increased, while earnings growth remains high, according to official data released on Tuesday. The unemployment rate reached 4.4% in the three months leading up to April, marking the...

By John Ikani Nigeria's National Bureau of Statistics (NBS) reported a significant increase in Value Added Tax (VAT) collection for the first quarter (Q1) of 2024. According to the VAT Q1 2024 Report, the total VAT...

By Emmanuel Nduka Like P&G, GlaxoSmithKline and Microsoft, Guiness has announced plans to exit the Nigerian market, citing the harsh economic climate which it says is making business unprofitable. The stout company now joins a long...

By Emmanuel Nduka Nigerians will now enjoy smoother and more secure global travels, as the Nigerian passport has been integrated into the International Civil Aviation Organization (ICAO) Public Key Directory (PKD) and Public Key Infrastructure (PKI)....

By Emmanuel Nduka African Export and Import Bank (Afreximbank) says it has disbursed a $40 million intra-African investment facility to Fidelity Bank Nigeria Plc to support the commercial bank’s acquisition and recapitalization of Union Bank United...

By John Ikani Nigeria's currency in circulation surged to a record N3.97 trillion ($8.8 billion) at the end of May, reflecting a 1.07% increase from April. This upward trend has persisted for several months, with figures...