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 […]
Tinubu met what can be described as a foamy economy – Akpabio
Senate President Godswill Akpabio has said that Bola Ahmed Tinubu inherited what he described as a “foamy economy” when he assumed office in 2023. Akpabio made the remark in Abuja during the inauguration of a committee for the ruling All Progressives Congress. According to Akpabio, the current administration met serious economic challenges and had to […]
Nigeria’s Non-Oil Exports climb to N12.36 trillion in 2025 – NBS
A breakdown of export categories reveals that mineral products generated the highest earnings among non-oil exports during the year. Other major contributors included prepared food products, beverages, spirits and tobacco, as well as chemical and allied industry products. Agricultural exports also played a role, with vegetable products valued at N1.54 trillion, while live animals and […]
Customs intercepts smuggled goods worth over N1bn in Kano, Jigawa
The Nigeria Customs Service has intercepted smuggled goods worth over ₦1.018 billion across Kano and Jigawa States between January and March 2026. The Acting Area Controller, Umar Adamu, disclosed this during his first press briefing in Kano, noting that the seizures were made through intelligence-led operations and patrols. Adamu explained that the operation was part […]
M-East war: Hardship deepens with petrol selling at N1,300 per litre
Rising tension in the Middle East has begun to affect fuel prices in Nigeria, with petrol now selling for about ₦1,300 per litre in some areas. The increase has added more pressure on households and businesses already struggling with high living costs. The spike in fuel prices is linked to the ongoing conflict involving Israel, […]
Nigeria won’t surrender to troublemakers – Tinubu vows
President Bola Tinubu has assured Nigerians that the country will not surrender to people trying to create unrest and disrupt national peace. He made this statement during an Interfaith Iftar meeting with religious and traditional leaders at the Presidential Villa in Abuja. The President emphasized that the government remains committed to protecting Nigeria’s unity and […]
Again, Dangote Refinery increases petrol price to N1,175, diesel to N1,620
The Dangote Petroleum Refinery has raised the price of Premium Motor Spirit (PMS) to N1,175 per litre, up from N995, marking the third increase in a single week. Diesel prices were also adjusted to N1,620 per litre. The N180 jump in PMS within three days represents an 18.1% increase, reflecting rising costs in the domestic […]