Crude oil export pushes Nigeria’s balance of payment surplus of $2.6 billion in Q1 2022
Nigeria’s balance of payment account surged significantly in the first quarter of 2022 to $2.58 billion from $54.22 million recorded ...
Tag: Featured
How Nigeria’s Excess Crude Account got depleted
Despite the rally in the price of crude oil, Nigeria’s excess crude account has now fallen to a record low ...
Nigerian government to sanction BBC, Daily Trust for “naked glorification of terrorism and banditry in Nigeria”
The FG has threatened to sanction the BBC and Daily Trust for their airing of different documentaries glorifying and fuelling ...
US slips into recession after GDP contracts by 0.9% in Q2 2022
The US has recorded a 0.9% contraction in its gross domestic product in the second quarter of 2022, following a ...
Nigerians run to crypto amid falling naira, Bitcoin P2P trading surge by 258% in 7 days
Many Nigerians are hedging against collapsing local currency, the Naira, by amassing dollar-denominated digital assets.
Impeachment: Presidency describes senators’ move to impeach Buhari as “babyish antics”
The presidency has reacted to the call by opposition senators threatening to commence impeachment proceedings against President Buhari.
NGX extends decline by N137 billion as sell pressure intensifies
The NGX witnessed another drop in share prices as bears sustained their grip on the stock market for the 7th ...
Naira falls to N700/$1 at black market
The exchange rate between the naira and the US dollar has fallen beyond the N700/$1 threshold at the parallel market ...
Naira to dollar exchange rate falls to N685/$1 at peer-to-peer (P2P) forex market
The exchange rate between the naira and the US dollar has fallen to a record low at N685.5/$1 at the ...
Nigerian youths have discovered the perfect formula for a successful “Japa”
Nigerians have now tapped into study visas as a way to “japa” from Nigeria, especially given the continuous social and ...
