Naira Sustains Gains, Sells at ₦1,565/$ in Parallel Market The naira continued its upward trend on Monday, gaining ₦45 against the dollar in the parallel foreign exchange market. As of Monday, February 10, 2025, the naira was trading at ₦1,558/$ (buy) and ₦1,565/$ (sell), though market...

Nigeria, World Bank Target Capital Market to Bridge Infrastructure Funding Gap   The Federal Government of Nigeria has initiated discussions with the International Finance Corporation (IFC), a member of the World Bank Group, to develop policies that leverage the capital market and other funding options within the country....

IGR: 30 States Rake in N2.8tn, Spend N3tn on Operational Costs - Report  An analysis of the 2024 full-year budget implementation report of state governments has revealed that 30 state governors generated N2.8tn as Internally Generated Revenue but disbursed N3.03tn on operational costs. The N.03tn was...

$1.07bn Health Funds: Atiku Warns FG against Bizarre Claims, Corruption Former Vice President Atiku Abubakar has warned the Federal Government that “claims of animals such as snakes, termites, gorillas and monkeys swallowing public funds must never be the fate of the funds budgeted for the...

FG Spends N18tn on Crude Production Annually, Experts Lament  Nigeria industry operators have lamented that N1.57tn spent on crude oil production monthly is excessive, translating to about N18tn annually. Data collected from different sources, including the Nigerian Upstream Petroleum Regulatory Commission, indicated that the minimum any...

Africa in The Post-Idea World By Kashim Shettima The world has never suffered from a scarcity of ideas. Nations and civilisations have risen on the strength of visionaries, and they have also crumbled under the weight of ideas left in the dusty cupboard of time....