Tinubu Orders Reduction in Oil Project Costs   President Bola Tinubu has signed an Executive Order aimed at slashing oil and gas projects’ costs, improving government revenue, and accelerating investment inflow into Nigeria’s energy sector. In a statement issued on Thursday by the Office of the Special...

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...