The Central Bank of Nigeria (CBN) has said the country needs a stable exchange rate to halt depreciation of the Naira instead of building foreign reserve buffers.
Nigeria crude oil production has climbed to 2.16 million barrels per day in September, the highest for the year 2018.
A research analyst at FXTM, a firm which specialises in forex trading, Lukman Otunuga, says Nigeria may experience growth in the third quarter of the year, despite “gloomy predictions” made by the International Monetary Fund (IMF).
Nigeria's minister of finance Zainab Ahmed, says that the federal government has asked the International Monetary Fund for help in getting taxes from large oil companies.
Nigeria's currency, the naira, remained stable against the dollar at the parallel market in Lagos on Friday, exchanging at N360 to the dollar.
The Organization of Petroleum Exporting Countries (Opec) has said oil producers cannot control oil prices in the global market.
Oil companies would no longer get waivers under the Cabotage regime, the Nigerian Maritime Administration and Safety Agency (NIMASA) has said.
The African Risk Capacity (ARC) which was established by the African Union has revealed that it gave out $36 to member-nations to curb drought.
The Senior Special Assistant to the President on Foreign Affairs and Diaspora Abike Dabiri-Erewa has lamented the closure of some Nigerian shops in Ghana.
Africa Finance Corporation (AFC) has gotten a loan facility worth $300m from the Export-Import Bank of China (CEXIM).
Renowned research outlet Forbes has named Nigeria's economy as the most performing one in the African continent, projecting a better outing in 2019.
The Major Oil Marketers Association of Nigeria and the Depot and Petroleum Products Marketers Association have urged the federal government to pay them their outstanding debts.
Nigeria and India are putting modalities in place for the deepening of bilateral trade ties between them, the Nigeria Indian Chamber of Commerce and Industry has said.
The Lagos Chamber of Commerce and Industry (LCCI) has identified poor infrastructure as responsible for the high cost of doing business at Nigeria's ports.
Vice President Yemi Osinbajo has said the country would need a $1tn investment to revamp its energy infrastructure in 29 years.
The World Bank has taken "responsibility’’ for advising Nigeria and other African nations to invest in infrastructure, energy, rails, and roads.
The World Bank has ranked Nigeria among the worst seven countries in its recently released Human Capital Index.
President Muhammadu Buhari has sent a letter to the Senate to approve a $2.8 billion foreign loan request to fund the 2018 budget.
About N460 million has been approved by the federal government for the execution of capital projects, Budget and National Planning Minister Udo Udoma has said.
The African Import-Export Bank (Afrexim) has revealed that it has a business exposure of about $3.2 billion in Nigeria.