The Central Bank of Nigeria (CBN) has released data stating that Nigeria’s external reserves have declined by 0.68 percent to $36.620 billion as of August 12, 2024, down from $36.872 billion on August 7, 2024. 

As part of the efforts ensure the full implementation of President Bola Ahmed Tinubu’s directive for the Nigerian National Petroleum Company Limited (NNPCL) to sell crude oil to the Dangote Refinery and other local refineries in naira, Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, met with relevant stakeholders yesterday for the actualisation of the policy objective of the federal government.  

The Central Bank of Nigeria (CBN) revealed in a statement on Tuesday by Mrs Sidi Ali Hakama, Ag. Director, Corporate Communications, that the development reaffirms its commitment to fostering transparency and accountability in the Nigerian economy. 

According to Johnson Chukwu, the Chief Executive Officer of Cowry Asset Management Limited, Nigeria needs to prioritise increasing crude production and tackling insecurity in the Niger Delta to ensure refineries get Feedstock. 

The Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adewale Adeniyi, has assured that the Service is committed to implementing the directive of President Bola Tinubu to remove tariffs and import duties on key food staples for the next six months. 

Economic Confidential Lecture: VP Shettima, Experts Discuss Strategies for Economic Growth and Food Security   Vice President Kashim Shettima and a cross-section of stakeholders at the second Economic Confidential lecture revealed the path to Nigeria's economic prosperity and security in food...