The Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) by 50 basis points to 26.5 per […]
Continue readingCategory Archives: ECONOMY
External Reserves Jump To $48.37bn, Gain $2.47bn In 1 Month
Nigeria’s external buffers strengthened further in February 2026 as its foreign reserves climbed sharply to $48.37 billion, highlighting sustained inflows […]
Continue reading
Naira May Drop Below ₦1,000/$1 Before Year-end — Otedola
Billionaire businessman Femi Otedola has said he believes the Nigerian naira could trade below ₦1,000 to one US dollar before […]
Continue reading
CBN Approves BDCs’ Return To Forex Market, Allows Purchase Of Up To $150,000 Weekly
The Central Bank of Nigeria (CBN) has authorised licensed Bureau De Change (BDC) operators to resume participation in the Nigerian […]
Continue reading
Nigeria Now Largest Crude Oil Producer In Africa – OPEC
Nigeria retained its position as the largest crude oil producer in Africa after an increase in the country’s January output, […]
Continue reading
FLASH: Dangote Refinery Slashes Petrol Price To N774 Per Litre
Dangote Petroleum Refinery has reduced its Premium Motor Spirit gantry price by N25 per litre, lowering its ex-depot rate from […]
Continue reading
Nigeria, World Bank Partner To Expand Reliable Energy, Boost Agriculture, Enhance Trade Flows
Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has held talks with the visiting Managing Director, […]
Continue reading
Tinubu’s Reforms In Nigeria Have Become Global Reference Point — World Bank
The World Bank has commended President Bola Tinubu’s reform agenda, describing Nigeria as a frequent global example of successful reform […]
Continue reading
Nigeria Among Top Global GDP Contributors; Economy To Outpace US, S’Africa In 2026
Nigeria has been ranked among the top 10 contributors to global economic growth in 2026, following projections by the International […]
Continue reading
New Tax Laws Boost Workers’ January salary – Oyedele
Many Nigerian workers who received their January 2026 salaries are already noticing improved take-home pay following a reduction in deductions […]
Continue reading