Naira holds at ₦1,355 in official FX market, ₦1,420 in parallel market
The Nigerian naira continues to trade within a relatively narrow band against the United States dollar across both the official and parallel…
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CBN raises ATM card fee to ₦1,500, scraps maintenance charge
The Central Bank of Nigeria has increased the fee for issuance and replacement of Automated Terminal Machine (ATM) debit/ credit cards by…
RMAFC advances revenue formula review, begins nationwide data verification
The Revenue Mobilisation Allocation and Fiscal Commission has said the review of Nigeria’s revenue allocation formula is at an advanced stage, as…
Atiku faults Tinubu’s fresh $516m Sokoto-Badagry loan request
Former Vice President Atiku Abubakar has fired a broadside at President Bola Tinubu over his request for Senate approval of a fresh…
FAAC shares ₦2.04tn March revenue across FG, states, LGs
The Federation Account Allocation Committee shared a total of N2.04tn as revenue for March 2026, reflecting a N150bn increase from the N1.89tn…
NGX foreign inflows surge 78% in Q1
The Nigerian Exchange Limited recorded a significant shift in foreign investment activity in the first quarter of 2026, as foreign inflows surged…
FG unveils new help desk for civil servants’ welfare
The Federal Government has taken a decisive step to address long-standing challenges in Nigeria’s public service welfare system by unveiling a new…
Tinubu blames privatization for current power sector crisis
President Bola Ahmed Tinubu has declared that Nigeria is currently on the right path notwithstanding the persistent challenges facing the power sector.…
Nigeria’s public debt hits ₦159trn amid rising concerns
Nigeria’s total public debt rose to N159.28 trillion, equivalent to 110.97 billion dollars, as of December 2025, according to the latest data…
Crude oil surge boosts Nigeria’s revenue by $4 billion
Nigeria and oil companies operating in the country have reportedly earned about four billion dollars from the surge in crude oil prices…
Adelabu to resign as power minister for Oyo gov race
The Minister of Power, Chief Adebayo Adelabu, is set to resign from his position after obtaining the consent of President Bola Tinubu…
NNPCL boosts Dangote refinery with 1.03 million tonnes of crude
Crude oil supply from the Nigerian National Petroleum Company Limited’s trading arm recorded a sharp increase in April 2026, as shipment data…