World Bank Faults FG Cash Transfer Programme The World Bank has faulted the Federal Government’s conditional cash transfer programme, stating that the initiative failed to reach millions of Nigerians in need of urgent economic relief, as only 37 per cent of the targeted households had...

CBN Launches Diaspora BVN Platform, Targets $1bn Monthly Remittances  The Central Bank of Nigeria, in collaboration with the Nigeria Inter-Bank Settlement System, has launched the Non-Resident Bank Verification Number platform, an initiative aimed at enhancing financial access for Nigerians in the diaspora. The platform, which enables...

REA Attracts N5.8bn Private Investment with Renewable Energy  The Federal Government has announced progress in its drive to expand clean energy access across the country, revealing that the Rural Electrification Fund has attracted N5.8bn in private sector investment. The programme managed by the Rural Electrification Agency...

FG Begins Export of New Crude Blend, Obodo The Nigerian Upstream Petroleum Regulatory Commission says the first cargo of the new Obodo crude blend has been shipped. In a statement by the NUPRC Chief Executive, Gbenga Komolafe, on Tuesday, he congratulated Conoil Producing Limited on the...

FG Lists N4.3bn Savings Bonds on NGX The Federal Government has listed its April 2025 Savings Bonds valued at N4.3bn on the Nigerian Exchange Limited. The listing, which took place on Tuesday, was disclosed in a market bulletin issued by the NGX Regulation Limited. According to the...

‎Naira Weakens to ₦1,630/$ in Black Market ‎The naira depreciated slightly against the U.S. dollar in the parallel market on Tuesday, May 13, trading at ₦1,630/$, down from ₦1,625/$ the previous day, marking a ₦5 decline. ‎According to data obtained by Economic Confidential, the naira was...