Western Africa

Nigeria’s excess crude fund has plunged to $376,655.09 at the end of June, from $35.37m in May, amid limited crude exports, biting fuel subsidies, piling debt and a struggling economy. …

The Federal Executive Council (FEC) has approved that Nigeria Air should lease three Airbus and Boeing aircraft to start operations. The Minister of Aviation, Senator Hadi Sirika, announced this Wednesday, July …

Airlines operating in Nigeria have resorted to cutting flight schedules on major routes in the country as a result of the shortage and lingering scarcity of jet gas being experienced …

Godwin Emefiele, the governor of the Central Bank of Nigeria has been summoned by senate over the constant depreciation of the naira. Reports revealed a United States dollar is exchanged …

The naira has crashed further in the parallel market, trading for N710 against the U.S. dollar on the exchange platform Aboki Forex. Checks by Peoples Gazette on Wednesday showed the …

The Nigerian Export Promotion Council (NEPC) says it has issued licences to thirteen domestic export warehouse (DEW) operators across all geopolitical zones in the country. Ezra Yakusak, executive director/CEO, NEPC, said this …

The Federation Account Allocation Committee (FAAC) has shared a total sum of N802.407 billion being revenue that was generated in June 2022 to the federal government, states and local governments …

The International Monetary Fund (IMF) has retained projected economic growth of 3.4 percent for Nigeria in 2022. The Washington-based institution disclosed this on Tuesday in its World Economic Outlook (WEO) …

Fitch, the global rating agency, has affirmed Long-Term Issuer Default Ratings (IDR) of 10 Nigerian banks at ‘B’ with a stable outlook. In a fresh report obtained from its website, …

Nigerian equities on Monday opened the week extending its losing streak for the fifth consecutive session as investors’ investment declined by N313 billion. The All Share Index (ASI) decreased by …