ABUJA (Reuters) -Nigeria’s naira hit a record low of 980 per dollar on the official market on Tuesday, Refinitiv data showed, mirroring weakness on the parallel market, as persistent dollar…
UNITED NATIONS (Reuters) – Nigerian President Bola Tinubu said on Tuesday he was seeking to re-establish constitutional order to address political and economic problems in neighboring Niger following a July…
By Ahmed Kingimi MAIDUGURI, Nigeria (Reuters) – At least seven worshippers were killed in an attack on a mosque by a gang of armed men in Nigeria’s northwest Kaduna state,…
By Ahmed Kingimi MAIDUGURI, Nigeria (Reuters) -At least 12 people have been kidnapped in two separate incidents in northern Nigeria, officials and witnesses said on Saturday. In the first incident,…
By Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s annual economic growth rate slowed to 2.51% in the second quarter, data showed on Friday, hurt by a fall in oil production amid…
By Camillus Eboh ABUJA (Reuters) – Nigeria’s suspended central bank governor Godwin Emefiele will appear in a high court in Abuja on Thursday, when he is expected to enter a…
By Felix Onuah ABUJA (Reuters) – Nigeria has saved over 1 trillion naira ($1.32 billion) in just over two months by scrapping a popular but costly subsidy on petrol and…
ABUJA (Reuters) – Nigeria’s President Bola Tinubu has appointed a financial watchdog to investigate the central bank, weeks after he suspended its governor, a copy of a letter from the…
By Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s central bank has sold the dollar at 645 naira at its latest auction, results showed on Friday, lower than 465 naira where the…
By MacDonald Dzirutwe LAGOS (Reuters) – Nigeria’s new president Bola Tinubu faces a litany of problems, including widespread violence, double-digit inflation and industrial-scale oil theft. His victory is being challenged…
ABUJA (Reuters) – Nigeria’s Senate amended a law on Saturday to allow the federal government to borrow more money from the central bank, just days before incoming President Bola Tinubu…
By MacDonald Dzirutwe and Libby George LAGOS (Reuters) – Nigeria’s incoming President Bola Tinubu will inherit anaemic economic growth, record debt and shrinking oil output, but before he can start…
LAGOS (Reuters) – Nigeria’s ruling party candidate Bola Tinubu was on Wednesday declared winner of a disputed weekend presidential election by the electoral commission after defeating two of his closest…
YOLA, Nigeria (Reuters) – Nigeria’s presidential hopeful Atiku Abubakar on Saturday said he would bring peace and unity to the country and improve its economic fortunes as he made his…
LAGOS (Reuters) – Nigerian opposition presidential candidate Atiku Abubakar urged the central bank on Saturday to extend a Jan. 31 deadline to phase out old high-value banknotes, a measure many…
By Seun Sanni and Temilade Adelaja AKWA IBOM, Nigeria (Reuters) – For years, Emem Thomas’ body drew snarky remarks from slimmer classmates in southern Nigeria that shattered her confidence and…
By MacDonald Dzirutwe LAGOS (Reuters) – Nigeria’s debt service costs will remain elevated in the short to medium term, which will hobble the country’s ability to use fiscal policy to…
ABUJA (Reuters) – Nigerian President Muhammadu Buhari on Sunday said he backed the central bank’s decision to try to mop up excess liquidity by recalling high-value bank notes and replacing…
LAGOS (Reuters) – The United States and Britain on Sunday warned of a possible terrorist attack in Nigeria’s federal capital Abuja, especially aimed at government buildings, places of worship and…
By Camillus Eboh ABUJA (Reuters) – The cost of Nigeria’s fuel subsidies rose to 525.714 billion naira ($1.22 billion) in August, bringing the total spent this year to 2.568 trillion…
ABUJA (Reuters) – Lecturers from Nigerian public universities who have been striking since February appealed a court ruling ordering them to suspend their action, which has kept students away from…
By Hamza Ibrahim MAIDUGURI/KANO, Nigeria (Reuters) – Nigeria’s military is urging people in three northwestern states to leave forested areas ahead of a bombing campaign targeting bandits and terrorists, according…
By Camillus Eboh ABUJA (Reuters) – A record 1.8 tons of cocaine was seized from a warehouse in Lagos with a street value of $278.5 million, Nigeria’s National Drug Law…
By Chijioke Ohuocha ABUJA – Nigeria’s annual inflation quickened in July to its highest level since 2005, official data showed on Monday, driven by price rises for food, fuel and…
ABUJA -Nigerian President Muhammadu Buhari has granted consent to the acquisition of Exxon Mobil’s Nigerian unit by Seplat Energy, in a $1.28 billion deal announced in February. Buhari, who doubles…