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Eight Banks Meet Recapitalisation Requirements – CBN

The Central Bank of Nigeria (CBN) says only eight banks have fully met their recapitalisation requirements.

Naira Strengthens Again Against Dollar in Black Market

The Naira extended its gains against the US dollar on Tuesday, July 22, appreciating in the parallel market.

NITDA DG Advocates Inclusive Law to Combat Online Harms

The Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has called for the enactment of an inclusive and citizen-centered legal framework to tackle online harms, emphasizing the urgent need for accountability and rights protection in Nigeria’s digital space.

Debt Servicing Burden Drops Below 50% of Revenue – Taiwo Oyedele

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr Taiwo Oyedele, disclosed that the country currently spends less than 50 per cent of its revenue on debt servicing.

CBN FX Reforms Tackle Dollar Lobbying – BUA chairman

Chairman of BUA Cement Plc, Dr Abdul Samad Rabiu, says foreign exchange reforms by the Central Bank of Nigeria (CBN) have eliminated the need for companies to lobby for FX.

NNPC Oil Revenue Declines by 23.9%

The Nigerian National Petroleum Company (NNPC) Limited has reported a sharp decline in oil revenues in June, falling to the lowest point in three months as global crude prices remain unstable.