Business

The Central Bank of Nigeria (CBN) will be refunding Cash Reserve Ratio (CRR) to banks that fund projects in agriculture and manufacturing sectors, its Director of Banking Supervision, Abdullahi Ahmad, …

U.S. crude stocks rose unexpectedly last week, while gasoline stocks decreased and distillate inventories grew, the Energy Information Administration said on Wednesday. Crude inventories rose by 6.8 million barrels in …

Women who want to start their own businesses have the potential to boost the Nigerian economy by N19.7 billion, Facebook said on Tuesday in its research. The study, conducted by …

Oil production from the Organisation of Petroleum Exporting Countries (OPEC) rose in July, despite supply shortfalls from Libya, Iran and Saudi Arabia. Rising output from Nigeria, Kuwait and the UAE …

Commercial banks are revaluing their foreign currency holdings and paying off debts ahead of timeline as dollar liquidity improves. The improvement seen in foreign reserves at $47 billion, regular Central …

Egypt’s non-oil private-sector activity increased in July, posting rare positive growth in the first month of the new fiscal year, a survey showed on Sunday. The Emirates NBD Egypt Purchasing …

Some shareholders of Etisalat (now 9Mobile) have cautioned against the sale of the firm in view of a pending case before the Federal High Court in Abuja. The Central Bank …

The Central Bank of Nigeria (CBN) yesterday injected $210 million into the inter-bank Foreign Exchange (forex) Market. The move was meant to boost forex availability and also meet customers’ requests …

Oil prices rose on Tuesday as the U.S. reintroduced sanctions against major crude exporter, Iran, tightening global markets. Meanwhile,  heatwave across Europe and other areas pushes oil up. Sweet Brent …

The Nigeria Liquefied Natural Gas (NLNG) Ltd, says its ongoing plans to reach a Final Investment Decision (FID) on its Train-7 project by December will make Nigeria the third World …