Lagos receives five fuel vessels as supply concerns mount
Lagos has received five vessels carrying petrol and diesel, bringing relief amid growing fuel supply concerns. The ships delivered about 95,000 metric tonnes of Premium Motor Spirit and Automotive Gas Oil within two days. According to the Nigerian Ports Authority, the vessels arrived between March 27 and March 29, 2026. Some of the deliveries were […]
What CBN’s new policy on diaspora remittances means for naira to dollar exchange — Gwadabe
The Central Bank of Nigeria has introduced new rules on diaspora remittances, aimed at improving the foreign exchange system. According to Aminu Gwadabe, the policy will help make the market more transparent and efficient. The new directive requires International Money Transfer Operators to route funds through naira settlement accounts. It also mandates the use of […]
Power supply will be better – President Tinubu assures Nigerians
Bola Ahmed Tinubu has assured Nigerians that electricity supply will improve in the near future. He gave this assurance while addressing members at the All Progressives Congress national convention in Abuja. According to the president, his administration is already working on reforms to tackle persistent power challenges. He revealed plans to inject about 1,500 megawatts […]
Nigeria moving from survival mode to stability, prosperity era – Tinubu
President Bola Ahmed Tinubu has said Nigeria is moving beyond a period of struggle into stability and growth. He explained that the country is gradually transitioning from survival mode to a more secure and prosperous phase. According to him, ongoing reforms are beginning to produce positive results across key sectors. The president also noted that […]
Food security/poverty reduction: Revamping cooperative sector is urgent, not optional
The Minister of State for Agriculture and Food Security, Sabi Abdullahi, has stressed that reforming Nigeria’s cooperative sector is critical to achieving food security and reducing poverty. He described the move as urgent and unavoidable. According to him, cooperatives play a major role in everyday economic activities, from farming and food distribution to housing, transport, […]
Uk State visit: Nigeria out of dark tunnel – Tinubu
President Bola Ahmed Tinubu has assured Nigerians that the country is moving beyond its economic struggles and entering a new phase of growth. Speaking in London during a special event, he said his administration is focused on restoring hope and building a better future for citizens. Tinubu explained that Nigeria has gone through difficult times […]
UBA, NiDCOM deepen collaboration to unlock diaspora capital for Nigeria’s growth
United Bank for Africa (UBA) has strengthened its partnership with Nigerians in Diaspora Commission to promote investment from Nigerians living abroad. The move is aimed at supporting Nigeria’s economic growth through diaspora contributions. UBA’s Group CEO, Oliver Alawuba, made this known during a meeting with NiDCOM officials led by Abike Dabiri-Erewa at the bank’s UK […]
Oyedele pledges to prioritize revenue mobilization, fiscal sustainability
He also emphasised the need to improve spending efficiency to ensure that every naira generated delivers maximum value for citizens. Other areas of focus, he noted, include strengthening debt management and maintaining fiscal sustainability. Oyedele added that the ministry would work closely with other arms of government to ensure fiscal policies align with monetary, trade […]
Tinubu swears in Taiwo Oyedele as Minister of State for Finance
Bola Ahmed Tinubu has sworn in Taiwo Oyedele as the new Minister of State for Finance, marking a fresh development in Nigeria’s economic leadership. The ceremony took place at the presidential office in Abuja. The appointment is expected to strengthen the operations of the Federal Ministry of Finance as the government continues efforts to improve […]
Naira extends appreciation against US dollar, gains N35 in four days
The Naira continued its upward trend against the US dollar at the official foreign exchange market, strengthening to N1,366.23 per dollar on Friday from N1,371.51. This reflects a daily appreciation of N5.28, according to the Central Bank of Nigeria. Since Tuesday, March 10, the local currency has gained a total of N35.17 per dollar, showing […]