External Reserves Decline by $520m in Five Weeks – CBN   The country’s external reserves fell by $520.22 in five weeks, figures obtained from the Central Bank of Nigeria (CBN) revealed. According to CBN’s data on movement in reserves, the figures which stood at $33.396bn as of...

Tinubu's Vision to Revitalise Nigeria's Economy with Privatisation, Commercialisation, PPPs - Shettima Vice President Kashim Shettima has implored new members of the National Council on Privatisation (NCP) to station themselves on the frontline of actualising the renewed hope agenda of the President Bola Ahmed Tinubu...

IPMAN Cries Out as Price of Petrol Truck Increases Petrol truck cost has risen from N7 million in May to N25 million right now. This is according to Akin Akinrinade, the Chairman of the Independent Petroleum Marketers Association of Nigeria in the Satellite Depot branch. Punch...

External Reserves Decline by $1.65bn in Six Months   Nigeria’s foreign exchange reserves have fallen by $1.6bn to $32.97bn since the Central Bank of Nigeria (CBN) tried to unify the country’s foreign exchange rates. On June 14, the apex bank asked Deposit Money Banks to remove the...

CSOs Kicks as Finance, Power Ministries Get N618bn Multilateral Loan   Civil society organisations and power consumer groups have expressed concern over the N618bn multilateral and bilateral loans allocated to the Ministries of Finance and Power in the 2024 budget. Although the budget captured it as project-tied...

Senate Probes Customs Over Alleged Failure to Remit N62bn   The Senate Public Account Committee has launched investigation into how Nigerian Customs Service failed to remit N62bn generated by the agency. This is contained in the 2017 Auditor General Report, which is currently being considered by the...