The Central Bank of Nigeria (CBN) has warned state governments against excessive reliance on short-term borrowing and overdrafts, saying such practices could undermine Nigeria’s transition to an inflation-targeting monetary framework.
The National Association of Aircraft Pilots and Engineers (NAAPE) has raised alarm over the persistent shortage of aviation fuel, warning that it is now threatening flight safety, airline operations, and worker welfare.
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has clarified that its new Memorandum of Understanding (MoU) with two Chinese firms is not a fresh spending commitment or contract award.
Nigeria is set to receive 164,000 metric tonnes of petroleum products as eight vessels berth at ports in Lagos, Delta, and Cross River States, according to the Daily Shipping Position.
The Federal Executive Council (FEC) has approved three major Public-Private Partnership (PPP) projects to strengthen Nigeria’s infrastructure and boost economic growth.
The Central Bank of Nigeria (CBN) has signalled tougher oversight of lenders following the completion of the N4.65tn banking recapitalisation exercise, aimed at strengthening governance, risk controls, and board accountability.
