The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has warned that the reforms will come with some pain, but it's a necessary step towards progress.

Sixty-two disengaged staff members of the Central Bank of Nigeria (CBN) have asked a national industrial court in Abuja to dismiss an application by the bank seeking to change the procedure of their lawsuit.

Naira Gains in Black Market, Slides at Official Window on Jan 9 The naira strengthened against the U.S. dollar on Friday, January 9, in the parallel market, but weakened slightly at the Nigerian Foreign Exchange Market (NAFEM). Currency dealers in Abuja told Economic Confidential that the...

Telcos, Banks Get March Ultimatum on Airtime Refunds   Banks and telecommunications operators in Nigeria have been given a March 1, 2026, deadline to fully implement a new refund framework aimed at resolving persistent consumer complaints over failed airtime and data transactions. The deadline follows the conclusion...

Petrol Price to Hit N905/Litre This Year - CBN   The Central Bank of Nigeria (CBN) has projected that the pump price of petrol would hover around N950 per litre in the year 2026. The CBN stated this in its 2026 Macroeconomic Outlook for Nigeria. In its...

Credit extended to Nigeria’s private sector by deposit money banks declined by N1.3 trillion over the past year, reflecting the combined impact of aggressive monetary tightening and rising borrowing costs, even as short-term fluctuations show businesses continue to rely heavily on bank financing.