Confusion Reigns Supreme in Petroleum Industry as Nigeria Loses $14.6b to Oil Theft Annually By Abdulrahman Abdulraheem Confusion continues to be the order of the day in the country's upstream sector as key government officials are struggling to agree on the specific barrels of crude oil...

Amid Uncertainty, Investors Lose N283b in August Despite improved earnings and dividend announcements from listed companies, uncertainty in the global economy, coupled with prevailing macroeconomic challenges in the country, especially insecurity and low purchasing power, the 2023 election fear has continued to take a toll...

Nigerians in Diaspora Contributions to Economy Rises by 20.3% - NiDCOM Chair The Nigerians in Diaspora Commission (NiDCOM) has hailed the diaspora's contribution to the Nigerian economy following an increase in remittances of 20.3% in the first quarter of 2022. NiDCOM chairman, Mrs Abike Dabiri-Erewa, gave...

Non-Oil Sector Interventions Help Diversify Economy - Emefiele The Central Bank of Nigeria (CBN) says its various interventions in the non-oil sector have complemented the federal government's efforts to diversify the economy. Governor of CBN, Mr Godwin Emefiele, stated this at the weekend at a seminar...

CBN Slashes e-Naira Transaction Cost by 50% The Central Bank of Nigeria of Nigeria says it is slashing transaction costs for its e-Naira platform by 50%, a move the bank claims will increase the volume of transactions on the central bank's digital currency platform (CBDC). Additionally,...

CBN Set to Save Aviation Sector, Releases $265 Million to Airlines In a move to check a brewing crisis in the country’s aviation sector, the Central Bank of Nigeria (CBN) on Friday, August 26, 2022, released the sum of $265 million to airlines operating in...