Naira Holds Firm Against Dollar in Parallel Markets ‎‎The naira steadied against the US dollar on Wednesday, in the parallel market. ‎A source at the Abuja black market told Economic Confidential that as of May 28, the naira was trading at ₦1,605/$1 for buying and ₦1,615/$1...

Tinubu Appoints New Governing Council for UNIABUJA, UNN, NAU  President Bola Ahmed Tinubu has approved the appointment of new members to the governing councils of the University of Abuja (UNIABUJA), University of Nigeria, Nsukka (UNN), and Nnamdi Azikiwe University, Awka (NAU). This disclosure was made known...

Oil Companies to Pay $300 Helicopter Landing Levy - Keyamo The Federal Government has reinstated the $300 offshore helicopter landing levy, shifting the burden of payment from helicopter operators to oil companies. This development was revealed by the Minister of Aviation and Aerospace Development, Festus Keyamo,...

AfDB Grows Capital from $93bn to $318bn in 10 years as Adesina Bows Out The African Development Bank (AfDB) recorded a surge in capital growth, expanding by 241.9% over the past decade. This is just as the institution prepares for a leadership transition this week with...

CBA: FMBN Banking App to Ease Mortgage Access, Avoid Glitches - Experts Experts and real estate practitioners have been assessing the newly launched core banking app by the Federal Mortgage Bank of Nigeria (FMBN), saying it has the potential to ease access to mortgage. This is...

Electricity Subsidy Debt Rises 2.7% to N982bn in Five Months The Federal Government’s outstanding debt to electricity distribution companies in subsidy payments increased by N5.3bn or 2.7 per cent in the first five months of 2025 to N982.4bn. It surged from N196.44bn to N201.75bn, pushing the...