Naira Depreciates by 0.36% The Nigerian naira weakened to N1,541.36/$ on the first day of trading in the New Year. According to the NFEM rate data available on the website of the Central Bank of Nigeria, this is a 0.36 per cent depreciation compared to the...

How NNPCL Turned Down Dangote's $750m Offer to Manage Nigeria Refineries - Obasanjo Former President Olusegun Obasanjo has disclosed details of how the Nigerian National Petroleum Corporation (NNPC) rejected a $750m offer by billionaire business tycoon Aliko Dangote to manage the Port Harcourt & Kaduna...

DMO Says Adequate Budgetary Provisions in Place to Meet Foreign, Local Debt Obligations The Debt Management Office (DMO) says the Federal Government has made adequate budgetary provisions to meet the country’s foreign and local debt obligations. It said this in a statement on Wednesday in Abuja. According...

Autonomy: No plan to Seize LGs from you, Tinubu Assures Govs President Bola Ahmed Tinubu has denied speculations making the rounds that he is at war with state governors over his push for local government autonomy across the country. In July 2024, the Supreme Court delivered...

Loan Charges from Nine Banks Hit N4.8tn Nine Nigerian banks collectively earned N4.85tn in interest income on loans and advances to customers in the first nine months of 2024, marking a growth of 114.95 per cent compared to N2.26tn recorded in the same period of...

IPPIS Rakes in N1.96tn from MDAs Remittance in 2024 - Report The Federal Government’s ministries, departments and agencies remitted a total of N1.96tn through the Integrated Personnel and Payroll Information System in 2024. These MDAs include federal universities, colleges, the Nigerian military, the Nigerian Correctional Service,...