Lokpobiri Reassures Commitment to OPEC Despite Rising Oil Output The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has assured that Nigeria remains fully committed to the rules of the Organisation of Petroleum Exporting Countries despite recent gains...

Naira Holds Firm Against Dollar in Black Market The naira remained steady against the US dollar on Wednesday, August 20, retaining it's strength in the parallel market. Currency traders in Abuja told Economic Confidential that the naira exchanged at ₦1,535/$ for...

The Unseen War: JAMB, Technology, and the Business of Cheating   By Shuaib S. Agaka When nearly two million young Nigerians filed into computer-based test centres this year, they carried with them the weight of ambition, sacrifice, and hope. But for 6,458...

Abuja-Lagos 470km Superhighway to Cost $5bn - Contractors The contractors of the proposed 470-kilometre Abuja-Lagos Greenfield superhighway have revealed that the sum of 5 billion dollars would be earmarked for the construction of the project. The Minister of Works, David Umahi,...

Arewa Economic Forum Alleges Targeted Removal of NTA Chief, Calls for Presidential Intervention The Arewa Economic Forum (AEF) is raising concerns over the alleged removal of Nigerian Television Authority (NTA) Director-General, Mallam Salihu Abdulhamid Dembos, calling on President Bola Ahmed...

Edun, Cardoso Vow Stronger Fiscal, Monetary Coordination The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, and the Governor of the Central Bank of Nigeria, Dr Olayemi Cardoso, have pledged to strengthen coordination between fiscal and...