Modular Refineries Decry Exclusion from Naira-for-Crude Initiative   The Crude Oil Refiners Association of Nigeria (CORAN) has faulted the Technical Sub-Committee of the Crude and Refined Product Sales in Naira over the continued exclusion of modular and smaller local refiners from ongoing discussions on the...

MDAs Get New Procurement Guidelines from FG   The Bureau of Public Procurement (BPP) on Thursday announced a comprehensive revision of public procurement thresholds for federal Ministries, Departments, and Agencies, aimed at reducing bureaucratic delays and improving efficiency in contract awards. In a press statement by...

Investors Flock to Nigeria as Economic Reforms Show Results - FG   The Minister of Budget and Economic Planning, Abubakar Bagudu, has stated that Nigeria’s economy is undergoing a turnaround, driven by bold reforms, improved coordination, and a renewed focus on national priorities. In a statement on...

Naira Strengthens at Official, Parallel Markets ‎The naira appreciated across both the official and parallel foreign exchange markets on Thursday. ‎A source at the Abuja black market told Economic Confidential that as of May 15, the naira was trading at ₦1,620 per dollar for buying and...

Full Press Statement of JAMB Registrar, Oloyede’s Explanation of UTME Result Error Press Conference Address on the Complaints about the 2025 Unified Tertiary Matriculation Examinations (UTME) Results by the Registrar, Joint Admissions and Matriculation Board (JAMB), Prof. Is-haq Olanrewaju Oloyede, CON, FNAL, at the Boardroom...

MPC: Reps Warn CBN Against Interest Rate Hike The House of Representatives Committee on National Planning and Economic Development has warned the Central Bank of Nigeria (CBN) against the adverse effects of maintaining high interest rates in its bid to curb inflation. Chairman of the committee,...