According to the Central Bank of Nigeria (CBN), there has been a significant increase in remittance inflows, reaching $553 million in July 2024, a 130 per cent increase from the corresponding period in 2023.  

Despite Nigeria's oil sector's struggles with an inadequate crude supply to domestic refineries, the Independent Petroleum Producers Group (IPPG) has used the federal government to avoid compelling them to meet this need immediately.

Dr. Matthew Ibitoye, the president of the Nigerian Institution of Surveyors (NIS), is urging for a new mapping of the country to address insecurity issues.

FG Pays N205bn From N1.3trn Owed Power Generation Companies The federal government yesterday said it had offset N205 billion from the N1.3 trillion debt owed Generation Companies (Gencos) to raise the level of liquidity in the power sector. The government also...

Dangote Refinery, Tinubu Panel Agree On Sept Petrol Rollout   The Federal Government’s committee which was set up to ensure the implementation of crude oil sales to local refineries in naira has reached an agreement with the Dangote Petroleum Refinery for...

Afreximbank Revenue Now $1.47bn   The gross income of the pan-African multilateral financial institution, African Export-Import Bank, has risen to $1.47bn in the first half of 2024, compared to $1.12bn at the close of 2023. This was disclosed in a statement following...