Economy
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Tinubu Approves ₦3.3tn Plan to Clear Power Sector Legacy Debt
President Bola Ahmed Tinubu has approved a ₦3.3 trillion payment plan to clear long-standing debts in Nigeria’s power sector, marking…
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Banks Hit ₦4.65tn Capital Mark as CBN Closes Exercise
The Central Bank of Nigeria (CBN) has concluded its 24-month banking sector recapitalisation programme, with Nigerian banks raising a combined…
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Tinubu Swears in Oyedele, Praises His Role in Nigeria’s Tax Reforms
President Bola Ahmed Tinubu on Monday swore in Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax…
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Nigeria’s Economic Reforms Strengthening Domestic Capital Formation — NGX CEO
London, United Kingdom — The Group Managing Director and Chief Executive Officer of Nigerian Exchange Group Plc (NGX Group), Temi…
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Dangote Refinery Cuts Petrol Price by N100 After Recent Surge
Dangote Petroleum Refinery has reduced its ex-gantry price of petrol by N100 and diesel by N190 following days of sharp…
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Bank Recapitalisation: 30 Banks Hit Benchmark, 33 Raise Fresh Funds
The Central Bank of Nigeria (CBN) has reported steady progress in the ongoing recapitalisation of the banking sector, revealing that…
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Tinubu Resolves 15-Year OPL 245 Dispute, Clears Path for 150,000 bpd Deepwater Oil Project
President Bola Ahmed Tinubu has announced the successful resolution of the long-running dispute over Oil Prospecting Licence (OPL) 245 following…
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Domestic Gold Purchase Programme Boosts Nigeria’s Reserves to $3.5bn
Nigeria’s foreign reserves have received a significant boost following the acquisition of responsibly sourced gold by the Central Bank of…
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Executive Order 9: FG Begins Transition to Direct Federation Account Payments
The Federal Ministry of Finance has commenced the implementation of Executive Order 9 of 2026, marking the beginning of a…
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Nigeria, Germany Expand Bilateral Agenda to Energy, Security, Rail
President Bola Tinubu and German Chancellor Friedrich Merz have agreed to strengthen bilateral relations between Nigeria and Germany, with renewed…
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