Cardoso Honored as Central Bank Governor of the Year
Governor of the Central Bank of Nigeria (CBN) Mr Olayemi Cardoso, has been named Central Bank Governor of the Year at the 2025 African Banker Awards held in Abidjan, Côte d’Ivoire.
The award was presented at...
Naira Sheds ₦10 Against Dollar in Parallel Market
The naira weakened against the US dollar in the parallel market on Thursday, May 29, reflecting ongoing volatility in Nigeria’s foreign exchange landscape.
A source in Abuja's black market told Economic Confidential that the naira was trading at...
AfDB Projects Naira, Cedi Fall Due to Low Export Earnings
African Development Bank (AfDB) has revealed that Nigeria’s naira and the Ghanaian cedi are among the African currencies that are expected to witness a decline this year driven by a potential fall in export earnings.
The...
Debt Servicing Drops to 40% as States’ Revenue Rises to N6trn - Tinubu
President Bola Ahmed Tinubu says Nigeria's debt-service-to-revenue has dropped from 100 percent to 40 percent and raised states revenue by N6 trillion.
He made this known in his second-year anniversary speech delivered on...
FG to Implement More Reforms to Strengthen Economy, Says Tinubu
President Bola Tinubu has revealed plans to implement more reforms to strengthen the economy and end opaque waivers to pave the way for the nation’s growth.
Tinubu spoke at the second anniversary speech on Thursday, noting...
FG’s Sukuk Highest Subscription Records 735% to N2.21tn in 2025 - DMO
The Series VII of the Sovereign Sukuk of the Federal Government has recorded an unprecedented subscription level of over N2.21tn, representing an oversubscription of 735 per cent.
This was revealed by the Debt Management...
