Business & Economy

Naira shows a recovery in the official market

Following days of market turbulence, the naira experienced a rebound at the official I&E Window on Tuesday, closing at N878.61/$1, a notable improvement from...

Blinken engages with Tinubu, commits to allocating a $45 million security fund for Nigeria and neighboring countries

On Tuesday, United States Secretary of State Antony Blinken announced an additional $45 million in funding for West African nations, augmenting the ongoing effort...

The decline in the value of the Naira results in a surge in drug imports, reaching N900bn

In 2024, high drug prices are anticipated to persist, reaching over N900bn due to the depreciation of the naira, placing additional strain on Nigerians...

Dangote Refineries aims to provide fuel to 150,000 IPMAN stations as part of their supply plans

The Dangote Petroleum Refinery is set to provide fuel to approximately 150,000 retail outlets managed by the Independent Petroleum Marketers Association of Nigeria (IPMAN)...

Over a six-month period, CBN reported that expenditures on overseas medical and school bills amounted to $1.58 billion

Nigerians channeled $1.58 billion into health tourism, foreign education, and personal expenditures in the first half of 2023, as per data from the Central...

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