The Central Bank of Nigeria has moved to tighten oversight of diaspora inflows, directing all international money transfer operators (IMTOs) to route transactions through designated naira settlement accounts in banks in a bid to improve transparency and deepen liquidity in the official foreign exchange market.

Stakeholders and professionals in the aviation industry have adopted differing positions regarding the allegation that some airlines were involved in price fixing during the last festive season in Nigeria.

Adebayo Adelabu, Minister of Power, has announced ongoing government efforts to resolve gas constraints that continue to affect the power supply in Nigeria.

The World Economic Forum (WEF) has postponed its upcoming Global Collaboration and Growth Meeting in Jeddah, citing escalating regional tensions linked to the Iran conflict.

Nigeria is ramping up efforts to strengthen crude oil production, with the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC), Bashir Bayo Ojulari, projecting an incremental increase of about 100,000 barrels per day (bpd) in the coming months.

The Federal Government has inaugurated the Governing Board of the National Pension Commission (PenCom), tasking members to safeguard over ₦28tn in pension assets under the Contributory Pension Scheme.