Investors regaining confidence in Nigeria – Cardoso
Nigeria is gaining back the trust of investors, according to the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso. He pointed out that recent visits from top executives of JP Morgan, Citi Bank, and the International Monetary Fund (IMF) show that confidence in the country’s economy is growing. Speaking at a meeting with […]
Hardship: Nigeria’s inflation drops signal economic recovery – CPPE, Economists
Nigeria’s inflation rate has dropped for the second time in a row, leading some economists to believe the country’s economy is starting to recover. According to the National Bureau of Statistics (NBS), inflation fell to 23.18% in February 2025, down from 24.48% in January. Food inflation also declined from 26.08% to 23.51%. Despite this positive […]
Tinubu not occupied with 2027 election – Presidency
The Presidency has made it clear that President Bola Tinubu is not thinking about the 2027 election right now. According to his Special Adviser on Media and Public Communications, Sunday Dare, Tinubu is more focused on his economic policies to improve the lives of Nigerians. Dare shared this on his X page, highlighting key achievements […]
Nigeria would have been bankrupt if we hadn’t taken actions – Tinubu
President Bola Tinubu has stated that Nigeria would have gone bankrupt if his administration had not made tough decisions when he took office in May 2023. Speaking at the State House in Abuja, Tinubu explained that for years, Nigeria had been spending money that belonged to future generations. He also mentioned that the country was […]
Tinubu focused on achieving $1trn economy by 2030 — Presidential aide Nweze
The Nigerian government, led by President Bola Ahmed Tinubu, has set an ambitious goal—to grow the country’s economy to $1 trillion by 2030. To achieve this, the administration is focusing on financial inclusion, youth empowerment, and small business support. At the Grassroots Leadership and Sustainable Development Summit held at the University of Nigeria, Enugu Campus, […]
Expect more fuel price drop amid NNPC, Dangote war – PETROAN, IPMAN to Nigerians
Nigerians should prepare for further reductions in petrol prices as the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery engage in a price war. Both companies have recently lowered their fuel prices, giving consumers more options. On Monday, NNPC announced its new petrol prices, setting them at N860 and N880 per litre in different […]
I can beat my chest and say that each governor knows that their allocations to the states have tripled – President Tinubu speaks on the gains of removing fuel subsidy
President Bola Tinubu has reassured Nigerians that his administration is committed to the country’s progress, despite criticism from the opposition. Speaking to members of the All Progressives Congress (APC) National Caucus at the State House Conference Center in Abuja on Tuesday, February 25, Tinubu emphasized that his government prioritizes real results over political distractions. “Our […]
Naira Appreciates To ₦1,530/$ In Parallel Market
The Nigerian Naira showed mixed performance in the foreign exchange market today. It appreciated in the parallel market, trading at ₦1,530 per dollar, an improvement from ₦1,540 per dollar on Thursday. However, in the Nigerian Foreign Exchange Market (NFEM), the Naira depreciated to ₦1,502.5 per dollar, down from ₦1,496 per dollar the previous day. This […]
Everything Worked Well Under My Leadership – Ex-President Buhari
Former President Muhammadu Buhari has praised the progress made in Nigeria’s economy and security during his time in office from 2015 to 2023. Buhari shared these thoughts on Wednesday when he met with journalists from the Katsina State Correspondents’ Chapel of the Nigerian Union of Journalists at his home in Daura, Katsina State. He recalled […]
CBN restricts BDCs to $25,000 Fx weekly and one dealer bank
The Central Bank of Nigeria (CBN) has introduced new guidelines for Bureau de Change (BDC) operators to regulate the forex market and prevent misuse. To improve transparency, both dealer banks and BDCs must submit reports to the CBN: These reports will help the CBN track forex movements and prevent illegal activities. BDCs can only sell […]