Over 19.7 million Accounts Dormant, Unclaimed - CBN The number of dormant bank accounts in Nigeria is over 19.69 million, according to the industry customer account database released by the Nigeria Inter-Bank Settlement System. The data, which tracks monthly account statuses throughout 2024, indicates a steady...

NASS Raises Housing Budget by N50bn  The National Assembly Committees have intervened to raise the housing budget of the Federal Government by an additional N50bn. This was disclosed by the Minister of Housing and Urban Development, Ahmed Dangiwa, at his ministry’s 2025 Sector Retreat, themed, “Actualising...

NNPCL, Dangote Refineries not Meeting 50% Local Fuel Demand - FG The Nigerian Midstream and Downstream Petroleum Regulatory Authority, has disclosed that the country’s three operational refineries contribute less than 50 per cent of the nation’s daily petrol consumption despite having a combined refining capacity...

US Ambassador Denies USAID Involvement with Boko Haram, Says No Evidence  The United States Ambassador to Nigeria, Richard Mills, has said there is no evidence that the United States Agency for International Development is funding Boko Haram or any terrorist group. Mills stated after meeting with...

‎Naira Strengthens to ₦1,525/$ in Parallel Market Amid Instability The naira recorded a significant appreciation against the dollar on Wednesday in the parallel foreign exchange market. ‎ ‎A source at the Abuja Black Market told Economic Confidential that as of February 19, the naira was trading at...

NCDMB Calls for Local Patronage of $5bn Bonga North, $550m Ubeta Projects The Nigerian Content Development and Monitoring Board (NCDMB) has reiterated its call for the patronage of indigenous oil and gas facilities during the award and execution of projects such as the Shell”s $5...