CBN Retain Rates As Cardoso Says Economy Remains Resilient
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) says the country’s economy remains resilient despite mounting global uncertainties. Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, who srated this on Tuesday after the Monetary Policy Committee (MPC) meeting in Abuja, attributed the performance to reforms implemented by both the fiscal and monetary […]
FG Debunks N80tn Tinubu Debt Claims
By Anayo Akwitti The Federal Government of Nigeria has declared on Monday that the Nation’s debt profile is exaggerated as monies borrowed under President Bola Tinubu within the last three years, are no where near the N80trillion being bandied by public commentators and erroneously reported by journalists . Minister of Finance and Coordinating Minister for […]
CSOs Demand Tougher Power Reforms For Clean Energy
By Oluwakemi Kindness Civil society organisations have called for stronger consumer protection, tougher action against electricity crimes and greater public participation in West Africa’s clean energy transition.Civil society organisations have called for stronger consumer protection, tougher action against electricity crimes and greater public participation in West Africa’s clean energy transition. This is as they warned […]
Nigeria Customs releases N7.61bn pension to 4,237 retirees
By Oluwakemi Kindness The Nigeria Customs Service (NCS) has released N7.61 billion to nine Pension Fund Administrators (PFAs) for immediate payment to 4,237 retired officers, as Comptroller-General of Customs Adewale Adeniyi reaffirmed his commitment to improving retirees’ welfare. A statement on Friday by Abdulahi Maiwada says Adeniyi announced the disbursement during a dialogue with retired […]
Reps Demand Details of ₦34tn Customs Duty Waivers
By Oluwakemi Kindness The House of Representatives has directed the Nigeria Customs Service (NCS) to submit a detailed breakdown of the nearly ₦34 trillion worth of import duty waivers granted in 2025. Lawmakers want Customs to provide the names of beneficiaries, the legal basis for each waiver and the purpose for which the concessions were […]
European Stocks Slip as Oil Prices and Tensions Rise
By Oluwakemi Kindness European stock markets fell on Wednesday as rising oil prices and renewed tensions in the Middle East weighed on investor sentiment. Markets remained focused on the conflict involving the United States and Iran, after fresh US strikes and the reimposition of a naval blockade pushed oil prices higher. Asian markets, however, recorded […]
Nigeria’s Pension Assets Hit N31.48tn
By Oluwakemi Kindness The National Pension Commission (PenCom) says Nigeria’s pension assets have surged by 51 per cent in two years, reaching N31.48 trillion from N20.7 trillion. PenCom Director-General, Omolola Oloworaran announced the figures on Tuesday during the Meet the Press briefing at the Presidential Villa in Abuja, describing the growth as a sign of […]
Reps Open Probe into Alleged ₦5.3tn CBN Revenue Gaps
By Oluwakemi kindness The House of Representatives Public Accounts Committee (PAC) has directed the Office of the Accountant General of the Federation (OAGF) to submit details of unremitted operating surplus and other revenues allegedly owed to the Federal Government by the Central Bank of Nigeria (CBN), the Nigerian National Petroleum Company Limited (NNPCL) and other […]
Oil Surges 4% as US-Iran Conflict Escalates
By Mardiyyah Abubakar Global oil prices climbed more than four per cent on Monday after renewed military confrontation between the United States and Iran rattled financial markets and reignited fears over the security of the Strait of Hormuz, one of the world’s most critical oil shipping routes. The latest escalation came just days after both […]
Group Endorses Single Window System to Improve Port Efficiency
By Oluwakemi Kindness The National Coalition for Transformative Reforms (NCTR) has endorsed the Federal Government’s implementation of the National Single Window, saying the digital platform will speed up cargo clearance, reduce bureaucratic bottlenecks and improve operational efficiency across Nigeria’s ports. The coalition also commended the administration of President Bola Tinubu for reforms in the maritime […]