30 Banks Hit Recapitalisation Target - CBN   The Central Bank of Nigeria (CBN) has officially confirmed that 30 banks have successfully met the new minimum capital requirements under the ongoing banking sector recapitalisation programme. The announcement was made on Thursday by CBN Governor Olayemi Cardoso during...

63% of Nigerians Now Poor After Subsidy Removal - Report   About 63 per cent of Nigerians fell below the poverty line after the removal of petrol subsidy, according to a new study that examined the welfare impact of the country’s recent economic reforms. The research, presented...

State Seek Transparency in $8.8bn Crude-for-loan Agreements State governments have called for a forensic audit of Nigeria’s crude oil-backed borrowing arrangements, warning that opaque crude-for-loan and swap deals may be undermining inflows into the Federation Account. Economic Confidential earlier reported that the Nigerian National Petroleum Company...

‎Senate Confirms Ismail Abba as NAHCON Chairman, Sets Stage for 2026 Hajj Operations ‎ ‎The Senate on Thursday confirmed the appointment of Ismail Abba Yusuf as Chairman and Chief Executive Officer of the National Hajj Commission of Nigeria (NAHCON), in a move expected to strengthen preparations...

Iran Threatens Oil Tankers as $200/Barrel Price Risk Emerges Iran has declared that it will not allow a single litre of oil to pass through the Strait of Hormuz for the benefit of the United States, Israel, or their allies, warning that escalating tensions in...

Turkish Airlines Warns of Nigerian Flight Suspension After Union Picketing Turkish Airlines on Wednesday said it may consider cancellation of its flights in Nigeria following picketing by aviation workers at the nation’s major international airports. Members of the National Union of Air Transport Employees (NUATE) on...