30 Banks Hit Recapitalisation Target - CBN   The Central Bank of Nigeria (CBN) has officially confirmed that 30 banks have successfully met the new minimum capital requirements under the ongoing banking sector recapitalisation programme. The announcement was made on Thursday by CBN Governor Olayemi Cardoso during...

63% of Nigerians Now Poor After Subsidy Removal - Report   About 63 per cent of Nigerians fell below the poverty line after the removal of petrol subsidy, according to a new study that examined the welfare impact of the country’s recent economic reforms. The research, presented...

State Seek Transparency in $8.8bn Crude-for-loan Agreements State governments have called for a forensic audit of Nigeria’s crude oil-backed borrowing arrangements, warning that opaque crude-for-loan and swap deals may be undermining inflows into the Federation Account. Economic Confidential earlier reported that the Nigerian National Petroleum Company...

‎Senate Confirms Ismail Abba as NAHCON Chairman, Sets Stage for 2026 Hajj Operations ‎ ‎The Senate on Thursday confirmed the appointment of Ismail Abba Yusuf as Chairman and Chief Executive Officer of the National Hajj Commission of Nigeria (NAHCON), in a move expected to strengthen preparations...

The Dangote Petroleum Refinery has raised the gantry price of Premium Motor Spirit to N1,175 per litre, marking the third upward adjustment within a week.

The Federal Government, through the Nigerian National Petroleum Company Limited (NNPC), has begun sourcing crude oil from international traders to sustain operations at the Dangote Petroleum Refinery, amid mounting fuel price hikes.