The Central Bank of Nigeria (CBN) has reported a significant reduction in its net loans and receivables, dropping by ₦4.145 trillion in 2024. This decline, according...
President Bola Tinubu has authorised the issuance of essential regulatory licences for the Kolmani Integrated Development Project, a major oil exploration initiative spanning Bauchi and Gombe...
The cost of a 50-kilogram bag of rice has fallen to an average of N54,000, triggered by rumours about poisonous rice circulating in the market and...
The Federation Account Allocation Committee (FAAC) has distributed a total of N1.681 trillion among the federal, states, and local governments for the month of April 2025....
The Naira appreciated further on Wednesday, closing at N1,596.70 per U.S. dollar in the official market, continuing a positive trajectory seen in recent sessions. Data published...
The Nigerian currency, Naira, posted a modest gain against the U.S. dollar on Monday, strengthening to N1,600.44 at the official foreign exchange window. According to figures...
The Federal Government has initiated a pilot reform targeting two struggling electricity distribution companies as part of a broader strategy to revamp Nigeria’s power distribution system....
