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The Food and Agriculture Organisation (FAO) says no fewer than 26 million Nigerians in Borno, Sokoto and Zamfara States including the FCT may face a food crisis between June and August 2024.
Zambia’s agreement with Eurobond holders could reduce the country’s debt default risk, according to Fitch Ratings. The authority is striving to boost fiscal performance and drive economic growth following its debt default that locked out the country from external financing.
Gold pushed back above the US$2,000 mark early on Friday as the dollar and …
Gov. Umo Eno of Akwa Ibom has approved N450 million counterpart fund for the Nigeria For Women Project, a World Bank project targeted at empowering the women
The Nigerian naira is clawing back losses from the alternative FX market, according to data obtained from Binance and other P2P platforms. Today, pressures in the open market have also eased.
The US dollar fell against its major trading partners early Friday, except for a small increase versus the Canadian dollar, ahead of the October employment report due for release.
Prof. Bolaji Owasanoye, the Chairman of the Independent Corrupt Practices and …
Prices of crude oil increased as the US dollar weakened after the Fed’s decision to keep rates. Brent crude is up 0.6% at $87.34 a barrel while West Texas Intermediate is 0.7% higher at $83.07 a barrel.
The benchmark yield on Nigerian Treasury bills was steadied as risk sentiment on the naira asset has shifted amidst uncertainties in economic direction. Still tracking behind the annual inflation rate, the yield has been hovering around 10-11% lately after moderate asset repricing.
The Presidency on Thursday clarified that the N6 billion budget for Presidential Yacht and Vehicles, emanated from a request from the Nigerian Navy.