On Monday, the naira appreciated to 1,339.33/$, gaining 9.68% over Friday’s rate of 1,482.81/$. FMDQ data revealed a significant decline in daily turnover, dropping to […]
Category: Economy
Economy
Obasanjo Criticizes Implementation of Tinubu’s Economic Policies, Suggests 25-Year Development Plan
Former President Olusegun Obasanjo has said that while the subsidy removal and exchange rate policies introduced by President Bola Ahmed Tinubu’s administration were necessary for […]
Court Orders Interim Forfeiture of Funds and Properties Worth $4.7 Million Linked to Former CBN Governor Godwin Emefiele
A Federal High Court sitting at Ikoyi, Lagos has ordered the interim forfeiture of $4,719,054 USD, N830,875,611, and several properties linked to the embattled former […]
CBN’s New Guidelines for Bureaux De Change to Address Forex Crisis
In a bid to tackle the ongoing forex crisis, the Central Bank of Nigeria (CBN) has implemented stringent new guidelines for the operations of […]
Lagos State Attracts Over N50 Billion Investment in One Year
Lagos State has successfully attracted over N50 billion in investments through Foreign Direct Investment (FDI) and Domestic Direct Investment (DDD) in the past year, according […]
Independent Petroleum Marketers Concerned as Petrol Prices Soar
Independent petroleum marketers are expressing alarm over the steep rise in the price of Premium Motor Spirit (PMS), commonly known as petrol, at private depots, […]
Nigeria Must Develop Efficient Mechanism for Managing Public Resources – Finance Minister
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has emphasized the necessity for Nigeria to evolve an effective and efficient […]
CBN Raises Interest Rates to 26.25% Amid Rising Inflation
The Central Bank of Nigeria’s Monetary Policy Committee (MPC) has increased the monetary policy rate (MPR) from 24.75 percent to 26.25 percent. This decision, announced […]
Oyo State House Approves N10 Billion Loan for World Bank Projects
The Oyo State House of Assembly has approved Governor Seyi Makinde’s request to access a N10 billion loan facility to provide counterpart funding for World […]
NNPC CEO Highlights Gas Sector’s Role in Revenue Generation
Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), emphasized the pivotal role of the country’s gas sector […]