According to Tayo Aduloju, the chief executive officer of the Nigerian Economic Summit Group (NESG), there is a need for well-sequenced and timely economic reforms to stabilise Nigeria’s economic landscape.  

UK Commits $50m to Small Businesses in Nigeria British International Investment, the United Kingdom’s development finance institution and impact investor, recently announced a $50m commitment to Access Bank for businesses. A statement from BII said that the facility was part of a $295m loan package arranged...

Naira Depreciates by 0.3% in Parallel Market The naira traded at N1,620 on Thursday, extending its depreciation streak to five days at the parallel section of the foreign exchange (FX) market. The local currency depreciated by 0.3 percent from the N1,615 per dollar traded on July...

CBN Approves Sale of $20,000 to BDC Operators The Central Bank of Nigeria (CBN) has approved the sale of foreign exchange (FX) to eligible bureau de change (BDC) operators at N1,450 per dollar to meet the demand for invisible transactions. In a statement on Thursday signed...

Oil Theft: IG Appoints New Commander for Petroleum Taskforce  The Inspector General of Police, Kayode Egbetokun, has appointed Deputy Commissioner of Police, Bayonle Sulaiman, as the new Commanding Officer in charge of the Inspector-General of Police Special Task Force on Petroleum and Illegal Bunkering. Egbetokun on...

Just In: Tinubu Approves N70,000 Minimum Wage President Bola Tinubu has approved N70,000 minimum wage for Nigerian workers, promising to review the national minimum wage law every three years. Mohammed Idris, Minister of Information, announced this at the Presidential Villa in Abuja, on Thursday. According to Idris,...