Naira Strengthens Further, Now N1,490/$ on Parallel, N1,502/$ on Official FX Markets   The naira has strengthened consistently over the past three weeks, reflecting improved stability and confidence in Nigeria's foreign exchange market. Precisely, on the parallel market, some FX dealers in...

$4.7m, N830m, Properties Linked to Emefiele Seized by Court Order   The Federal High Court in Lagos has ruled in favor of permanently seizing a massive $4.7 million, N830 million, and multiple properties connected to the embattled former Central Bank of...

Livestock Ministry Unveils Plan to Boost GDP to $74bn by 2035   The Federal Ministry of Livestock Development has set an ambitious target to significantly boost the livestock sector's economic contribution, aiming to increase its Gross Domestic Product (GDP) from $32...

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...