AfDB and Interpol Join Forces to Combat Financial Crime   The African Development Bank Group (AfDB) has joined forces with the International Criminal Police Organisation (Interpol) to intensify the fight against corruption and financial crime. In a statement on Friday, it was...

'Oil Revenue Key to Nigeria's Economic Diversification'   Mr. Tony Elumelu, Chairman of Heirs Holdings, emphasized the crucial role of oil revenue in driving Nigeria's economic growth and diversification, underscoring the need for increased oil production to support the country's development efforts. Speaking...

Global Tensions, Tariffs May Impact Nigeria's Economic Outlook - Cardoso   The Central Bank of Nigeria (CBN) has expressed concerns about the impact of global economic risks on Nigeria's economy. Speaking after the bank's 299th Monetary Policy Committee (MPC) meeting in Abuja...

Why we Projected Moderation in Inflation, Maintained Key Rates - CBN   The Central Bank of Nigeria (CBN) has expressed optimism about a gradual drop in inflation rates, citing recent macroeconomic developments that are expected to positively impact price dynamics in...

N13.7trn Federation Account Revenue Unremitted by NNPCL - FAAC   The Nigerian National Petroleum Company Limited (NNPCL) is holding back a massive N13.763 trillion in revenue, creating significant funding challenges for the Federal Government's national budget. This is according to documents obtained from...

Naira Appreciates to 1,494.03/$ in Official Market   The naira experienced a notable appreciation on Thursday, with the currency trading at 1,494.03 to the US dollar at the official exchange window, as indicated by data from FMDQ Securities Exchange Limited. Similarly, it appreciated...