Economic Reforms Yielding Consistent Growth – Tinubu   President Bola Tinubu on Wednesday said Nigeria’s economy was making significant foundational progress despite the challenges associated with the reforms his administration has implemented over the past three years. The President also received commendation...

'CBN May Hike Rates as Election Spending Rise'   The Central Bank of Nigeria (CBN) is highly likely to raise its benchmark interest rate, the Monetary Policy Rate, during the second half of 2026 as liquidity pressures build ahead of the...

FAAC Distributes N2.55trn as June Revenue Rises   The Federation Account Allocation Committee (FAAC) has shared N2.55tn among the Federal Government, state governments and local government councils from June 2026 revenue, representing an increase of N250bn from the N2.3tn distributed in...

Reps Demands Beneficiary List of N34trn Customs Duty Waiver   The House of Representatives Committee on Finance has directed the Nigeria Customs Service to provide a comprehensive breakdown of the approximately N34tn worth of import duty waivers granted in 2025, demanding...

NGX Gains Rises N390bn on Banking Sector Rally   The Nigerian equities market maintained its upward momentum on Wednesday as renewed demand for banking stocks offset profit-taking in select counters, keeping the Nigerian Exchange near historic highs despite a slowdown in...

PIA Allows Dangote’s Dollar Fuel Sales – Regulator   The regulator of the midstream and downstream petroleum sector has said that the Dangote Petroleum Refinery has not violated any provision of the Petroleum Industry Act by opting to sell fuel in...