CBN: Naira-Official FX Rate Gap Falls Below 2%
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) says the gap between the official exchange rate and Bureau de Change rates has narrowed to below two per cent. The apex bank said the development reflects improving stability in the foreign exchange market. The Acting Director of Corporate Communications and Investor Relations Department of the […]
Diesel Price Jumps 86% in One Year, Hits N3,277/Litre – NBS
By Oluwakemi Kindness The National Bureau of Statistics (NBS) says Nigerians faced mounting energy costs in May as the average retail price of diesel surged by 86.4 per cent year-on-year to N3,277.47 per litre, the highest increase recorded among the country’s major petroleum products. The NBS latest Price Watch report on Monday showed that diesel, […]
Customs to Implement Green Tax Surcharge July 1
By Oluwakemi Kindness The Nigeria Customs Service (NCS) will begin nationwide implementation of the Green Tax Surcharge on July 1, 2026, as part of efforts to promote environmental sustainability and reform Nigeria’s vehicle import system. The policy is aimed at reducing carbon emissions, encouraging the importation of cleaner vehicles and aligning Nigeria’s environmental practices with […]
Customs, American Business Council Expand Trade Cooperation
By Oluwakemi Kindness The Nigeria Customs Service (NCS) and the American Business Council (ABC) have reaffirmed their commitment to deepening trade relations and addressing challenges affecting business operations through sustained engagement between the public and private sectors. A statement on Wednesday by Customs spokesperson, Abdulahi Maiwada says the resolution was reached during the quarterly Customs–ABC […]
CBN Pledges Reform Continuity as Cardoso Gets Global Award
By Oluwakemi Kindness Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reaffirmed the apex bank’s commitment to sustaining monetary and financial sector reforms aimed at restoring economic confidence, strengthening institutional credibility, and driving long-term growth. Cardoso made the pledge while receiving the prestigious Central Bank of the Year Award at the Central […]
FG Welcomes IMF Backing for Reform Agenda
By Oluwakemi Kindness The Federal Government has expressed satisfaction with the International Monetary Fund’s (IMF) latest assessment of Nigeria’s economy, describing it as an independent validation of the economic reforms implemented under President Bola Tinubu’s administration. In a statement issued on Tuesday, Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, says the […]
Nigeria Credit Rating Upgrade Boosts Reform Debate
By Oluwakemi Kindness Nigeria’s recent sovereign credit rating upgrade from B- to B has renewed discussions on the country’s economic direction and what it means for ordinary citizens. The upgrade reflects growing confidence in Nigeria’s ongoing economic reforms, although the country still remains below investment-grade status. To address these critical milestones, DataPro Limited, Africa’s fastest-growing […]
Eid-el-Kabir : Travelers Lament High Fares, Insecurity
By Sofiat Adenekan-Abdul By 6:30 a.m, Nyanya Motor Park in Abuja was already overflowing with passengers struggling to secure seats to different parts of the country for the Eid-el-Kabir celebrations. Children clung to bags almost their size. Mothers sat on worn benches fanning themselves against the morning heat, while drivers shouted destinations over the noise […]
SON Warns Inaccurate Measurements Threatens Trust, Economy
By Oluwakemi Kindness The Standards Organisation of Nigeria, SON, has warned that inaccurate measurements in sectors such as fuel dispensing, healthcare, food production, and manufacturing could weaken public trust and hurt Nigeria’s economic growth. Director General and Chief Executive of SON, Dr. Ifeanyi Okeke, stated this on Wednesday during the 2026 World Metrology Day celebration […]
Tinubu Heads to Kigali to Court Investors
By Oluwakemi Kindness President Bola Tinubu will participate in the 2026 Africa CEO Forum in Kigali, Rwanda, as part of efforts to position Nigeria as a leading destination for continental and global investment. The disclosure was made on Wednesday by Sunday Dare in a statement titled, “In Rwanda, Tinubu Pitches the Nigerian Business Case to […]