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...

Investors Commit N2.41trn to Treasury Bills Auction   Nigeria's treasury bills auction on February 19, 2025, attracted robust investor interest, with subscriptions totaling N2.41 trillion across the three available tenors. However, this marked a decline from the N3.22tn recorded in the previous auction...

Govt Won't Interfere with Crude Oil Prices, NUPRC Reiterates   The Federal Government has reaffirmed its stance against price-fixing for crude oil, emphasizing its commitment to adhering to international best practices. Instead, the government will allow market forces to dictate prices,...

NDIC Engages External Solicitors to Boost Debt Recovery Efforts   The Nigeria Deposit Insurance Corporation (NDIC) has tasked its external solicitors to intensify their efforts in supporting the corporation's debt recovery and asset realization initiatives. This was disclosed by the Managing Director/Chief Executive,...