Naira weakens as forex turnover plummets 47 percent in a week
The naira weakened against the dollar as forex market turnover fell 47 percent during the week.
Tinubu removes Edun as finance minister without prior notice
President Tinubu removes finance minister Wale Edun without advance notice in surprise cabinet reshuffle.
Federal government bans seventeen products from non-ECOWAS countries
Nigeria restricts seventeen essential product categories to ECOWAS suppliers only.
Ten states buck national debt trend with low borrowing in 2025
Ten Nigerian states kept debt levels low or declining in 2025 despite national subnational debt jumping 9.89 percent.
Edun rules out fuel subsidy return as petrol prices surge
Finance Minister Wale Edun rules out fuel subsidy return amid rising petrol costs
Tinubu’s Global Economic Diplomacy Yields Results, Says Finance Minister
Saudi Investments and Trade Ties Signal Boost for Nigeria’s Economy Nigeria’s Minister of Finance and Coordinating Minister of the Economy,...
Naira Slips Further Against Dollar, Ends Week on a Low
Official and Black Market Rates Show Continued Depreciation The naira continued its downward trend against the dollar on Friday, closing...
Naira Strengthens at Official Market, Weakens in Black Market Amid Drop in FX Turnover
The naira gained ground against the dollar at the official foreign exchange market on Thursday, appreciating to N1,658.57 per dollar,...
CBN Facilitates $600 Million Remittance via IMTOs in One Year – Cardoso
The Central Bank of Nigeria (CBN) facilitated the transfer of around $600 million through International Money Transfer Operators (IMTOs) over...
FG Seals $3.3 Billion Gas Deal with Shell for Brass Fertilizer Plant
In a major step towards advancing Nigeria’s gas and industrial sectors, the federal government on Friday, October 11, signed a...
Dangote Refinery Begins Production of First Premium Motor Spirit Batch
The Dangote Refinery has officially started distributing its first batch of Premium Motor Spirit (PMS), commonly known as petrol, from...