ECONOMY

President Bola Ahmed Tinubu has authorized the cancellation of approximately $1.42 billion and ₦5.57 trillion in outstanding debts owed by the Nigerian National Petroleum Company Limited (NNPC Ltd) to the...

In a renewed push to position Nigeria as a premier destination for long-term capital, Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has taken Nigeria’s "reform story" directly to global...

The Federal Executive Council (FEC) has officially approved a ₦58.47 trillion draft budget for the 2026 fiscal year. The decision was reached during an emergency meeting held today, Friday, December...

Nigeria’s export earnings soared to ₦22.8 trillion in the third quarter of 2025 (Q3 2025), driven by a massive, triple-digit surge in the export of raw materials, according to the...

In a strategic move set to attract both local and international investors, Dangote Industries Limited is preparing to offer dollar-denominated dividends for the upcoming Initial Public Offering (IPO) of its...

Nigeria's long-sought-after National Single Window (NSW) initiative is gathering significant momentum, with the Federal Government pushing the project towards its confirmed March 2026 operational deadline. The unified, digital trade platform...

The Federal Executive Council (FEC) has approved the 2026–2028 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper, setting the core macroeconomic assumptions for the upcoming 2026 budget, including a revenue...

The Central Bank of Nigeria (CBN) has moved aggressively to restore public confidence in the nation's digital banking ecosystem, issuing a stringent directive that mandates commercial banks to fully reimburse...

The Nigerian Naira has demonstrated a marginal appreciation against the US dollar in the closely watched parallel (black) market, trading at an average of ₦1,460 to the dollar today, Wednesday,...

Global crude oil prices are climbing, driven by a tight supply outlook reaffirmed by the OPEC+ alliance and intensifying geopolitical risks that threaten stability in key production and transit regions....