Cash Outside Banks Hits N5.19tn as Nigeria’s Cash Economy Defies Digital Push
Cash held outside Nigeria’s banking system rose to N5.19 trillion in May 2026, despite ongoing efforts by the Central Bank...
ACCI Seeks Stronger Partnership with Fiscal Responsibility Commission on Economic Reforms
The Abuja Chamber of Commerce and Industry (ACCI) has called for stronger collaboration with the Fiscal Responsibility Commission (FRC) to...
FG Unveils New PPP Framework to Drive $2.3tn Infrastructure Development
The Federal Government has unveiled a new Public-Private Partnership (PPP) framework aimed at accelerating the delivery of infrastructure projects and...
Petrol Price Surges 55.3% to N1,596 Per Litre in May — NBS
The average retail price of Premium Motor Spirit (PMS), popularly known as petrol, increased by 55.31 per cent year-on-year to...
Tinubu Hails Nigeria’s Youths as Mastercard Unveils Plan to Train Five Million Businesses
President Bola Ahmed Tinubu has described Nigeria’s youthful population as the country’s greatest asset, assuring foreign investors that the nation’s...
Renewable Energy Fastest Route to Nigeria’s Economic Growth, REA Boss Says
The Managing Director and Chief Executive Officer of the Rural Electrification Agency (REA), Dr. Abba Aliyu, has described distributed renewable...
Nigeria Exports N105.5bn Worth of Petrol to Togo as Dangote Fuel Dominates Regional Trade
Nigeria exported Premium Motor Spirit (PMS), popularly known as petrol, worth N105.5 billion to Togo in the first quarter of...
Mastercard Brings $2bn Forex Into Nigeria, Prevents $200m Fraud — CEO
Mastercard’s Global Chief Executive Officer, Michael Miebach, has disclosed that the company contributes approximately $2 billion in foreign exchange inflows...
Nigeria Spends Nearly Five Times More on Debt Servicing Than Health and Education, ActionAid Report Says
Nigeria spends nearly five times more of its national revenue on servicing external debt than it allocates to healthcare and...
Meta Unveils New $299 AI Smart Glasses as Wearable Tech Competition Intensifies
Meta has launched a new line of AI-powered smart glasses priced at $299, expanding its wearable technology portfolio as competition...
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