CBN Hails AU Approval of Nigeria’s AMI Board Membership
By Oluwakemi Kindness Governor of the Central Bank of Nigeria, Olayemi Cardoso, has welcomed the African Union’s decision granting Nigeria permanent membership of the Board of the African Monetary Institute (AMI), describing it as a milestone for Africa’s financial integration. The approval was reached at the 39th Ordinary Session of the Assembly of the African […]
Nigeria’s Inflation Eases to 15.10% in January 2026 – NBS
By Oluwakemi Kindness The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate declined marginally to 15.10 per cent in January 2026, down from 15.15 per cent in December 2025. The slight drop according to the NBS on Monday came despite earlier projections by analysts that inflation could rise to 19 per cent in […]
Customs Launches One-Stop-Shop to Boost Trade Efficiency
By Oluwakemi Kindness The Nigeria Customs Service has rolled out a One-Stop-Shop (OSS) clearance framework as part of broader business environment reforms aimed at boosting trade efficiency and investor confidence. The initiative is designed to address long-standing delays at Nigeria’s ports and border stations caused by overlapping checks, fragmented procedures, and weak coordination among clearance […]
Funding Shortfalls Limit Audit of Nigeria’s Foreign Missions to Five
By Oluwakemi Kindness Nigeria’s Auditor-General says funding shortfalls limited the audit of foreign missions to just five in 2025, raising concerns over oversight of public spending abroad. Auditor-General, Shaakaa Chira, stated this during the 2026 budget defence of the Office of the Auditor-General for the Federation (OAuGF) before the House of Representatives Public Accounts Committee […]
CBN Okays Weekly FX Sale of $150k to Each BDC
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) has approved the participation of licensed Bureau De Change (BDC) operators in the Nigerian Foreign Exchange Market (NFEM). This is part of efforts to improve foreign exchange liquidity in the retail segment of the market and meet the legitimate needs of end users. A statement on […]
SEC Urges Civil Servants to Invest in Capital Market
By Oluwakemi Kindness The Securities and Exchange Commission (SEC) has urged Nigerian civil servants to take advantage of opportunities in the capital market to build wealth, strengthen their financial security and contribute more actively to national economic growth. During a strategic meeting with the Head of the Civil Service of the Federation, Dame Didi Walson-Jack, […]
Tinubu Approves Safe Passage for Niger-Bound Cargo
By Oluwakemi Kindness The Federal Government has approved the creation of safe corridors and safe passage to facilitate the movement of loaded trucks awaiting clearance to the Republic of Niger. The approval by President Bola Tinubu is part of ongoing efforts to ease transit bottlenecks and strengthen cross-border trade. The Comptroller-General of Customs (CGC), Adewale […]
Tinubu’s Reforms Stabilising Economy, Attracting Investors – Idris
By Mustapha Musa The Minister of Information and National Orientation, Mohammed Idris, says President Bola Tinubu’s economic reforms are stabilising Nigeria’s economy, restoring public confidence, and putting the country on a sustainable growth path. He stated this in a statement by his Special Assistant on Media, Rabiu Ibrahim. The statement says Idris who spoke during […]
House Queries ₦14.3bn Finance Ministry 2026 Budget Over Capital Spending
By Oluwakemi Kindness The House of Representatives has queried the ₦14.325 billion proposed 2026 budget of the Federal Ministry of Finance over alleged discrepancies in its capital expenditure component. Lawmakers raised the concerns during a budget defence session at the National Assembly with the committee on Finance, questioning the structure of the capital vote and […]
Lawmakers Query ₦470m Foreign Travel Spending Despite Presidential Ban
By Oluwakemi Kindness Lawmakers in the House of Representatives have queried the Nigerian Bulk Electricity Trading (NBET) Plc over ₦470 million spe9nt on foreign travel and training in 2025, despite a presidential directive restricting overseas trips by government officials. The issue was raised on Thursday during the 2025 budget performance review of NBET by the […]