After weeks of relief, diesel prices appear to be on the rise again, partly in response to the volatility in the energy market over concerns about supply from Europe and unstable foreign exchange rates.
As a result of macroeconomic challenges in the country, fiscal and monetary authorities often emphasise backward integration, even though they ignore the financial outlay required to start it.
Leveraging exchange-related pricing and favourable mix of its businesses, Flour Mills of Nigeria (FMN) Plc yesterday, said it recorded double-digit revenue growth of 38 per cent up to N720.5 billion from N522.8 billion
Air Traffic Controllers (ATCs), yesterday, rallied the Federal Government behind the local production of aviation fuel and mitigation of the Foreign Exchange (FX) liquidity crisis to save local aviation
Stephen Osho is a Co-Managing Partner at Comercio Partners Limited, an investment banking firm. In this interview with FEMI ADEKOYA, he talks about major developments in the global and local economy
Despite the parity in the prices of the United States (US) dollar and euro at the global foreign exchange (FX) market, the latter still trades far higher than the greenback at the local market, showing naira has a long way to wean itself off the static toga.
There was a breather for Nigeria’s external reserves after all as the figures gained $671.6 million or 1.74 per cent to close in June at $39.15 billion.
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, yesterday, called for the “design and steadfast implementation of other supportive, structural and complementary policies
Amid the protracted currency market crisis, the President of the Association of Bureaux de Change Operators of Nigeria (ABCON), Dr. Aminu Gwadabe, says the bureau de change (BDC)
The Managing Director of FSDH Merchant Bank, Bukola Smith, has urged the government must avoid policy flip-flops to restore confidence in the economy with a focus on the investment market.
The Presidential Enabling Business Environment Council (PEBEC) has said that the reforms undertaken by the Seventh National Action Plan (NAP 7.0) are geared toward enhancing Nigeria’s
The Central Bank of Nigeria of Nigeria (CBN) said it would begin payment of N65 rebate to exporters who sold their goods through the importers and exporters (I&E) window, at the end of the first quarter.