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SERAP Sues CBN Over Non-Disclosure of LG Allocations After Supreme Court Ruling
SERAP has sued the Central Bank of Nigeria (CBN) for failing to disclose details of direct payments to Nigeria’s 774 local government councils,...
Olaitan Sodiq
NNPC Shuts Down Port Harcourt Refinery for Maintenance
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a scheduled shutdown of the Port Harcourt Refining Company (PHRC) for maintenance starting...
Olaitan Sodiq
Naira Gains Ground Against Dollar at Official, Black Markets as Week Closes Strong
The naira recorded a notable appreciation against the U.S. dollar at both the official and black markets by the end of trading on...
Olaitan Sodiq
Dangote Refinery Slashes Petrol Prices by N15 Nationwide
Dangote Petroleum Refinery has reduced the pump price of petrol by N15 per litre across all regions in Nigeria. The new prices range...
Olaitan Sodiq
CBN Retains Interest Rate at 27.50%
The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 27.50% following its 300th Monetary Policy Committee (MPC) meeting...
Olaitan Sodiq
FG Sees Early Wins from Economic Reforms, Eyes $1 Trillion Economy
The Federal Government says its economic reforms are yielding results, citing increased state and local government revenues and a reduction in public debt....
Olaitan Sodiq
CBN Slashes FG Lending by Over N4tn, Ends Failed Intervention Era
The Central Bank of Nigeria (CBN) reduced its net loans and receivables by over N4tn in 2024, largely by cutting overdraft exposure...
Olaitan Sodiq
Naira Strengthens Slightly to N1,598.72/$ Amid Renewed Forex Stability Hopes
The Naira appreciated slightly against the U.S. Dollar, closing the week at N1,598.72/$1, up by 60 kobo from Thursday’s N1,599.32 rate, according to...
Olaitan Sodiq
