President Bola Ahmed Tinubu has dismissed Saidu Mohammed, Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), just four months after his appointment.
The Central Bank of Nigeria (CBN) has maintained restrictions on Bureau De Change (BDC) operators’ access to the official foreign exchange market, citing compliance risks and past abuses.
The House of Representatives has approved a $516 million external loan requested by President Bola Tinubu to fund sections of the Sokoto–Badagry Superhighway project.
The Federal Government has moved to stabilise Nigeria’s aviation sector by capping jet fuel prices and granting airlines a 30-day credit window, following concerns over rising operating costs and potential flight disruptions.
Nigeria’s foreign currency-denominated tax receipts rose sharply to ₦6.33 trillion in 2025, reflecting higher contributions from multinational firms and the impact of exchange rate reforms, according to data from the National Bureau of Statistics (NBS).
The Federal Government has reaffirmed its ban on the export of raw shea nuts, insisting that Nigeria must stop exporting raw commodities while importing finished products.
