Economy
CBN Confirms 30 Banks Meet New Capital Requirements Ahead of Deadline
The Central Bank of Nigeria has confirmed that 30 banks have successfully met the new minimum capital requirements under the...
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FMBN, NSITF Partner to Expand Affordable Housing for Nigerian Workers
The Federal Mortgage Bank of Nigeria (FMBN) and the Nigeria Social Insurance Trust Fund (NSITF) have announced plans to collaborate...
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Nigeria’s Non-Oil Exports Rise to N12.36tn in 2025
Nigeria’s non-oil exports recorded a significant increase in 2025, reaching N12.36 trillion between January and December, according to the latest...
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Nigeria Spends $5.21bn on External Debt Servicing in 2025
Nigeria spent about $5.21bn servicing its external debt obligations in 2025, accounting for more than 72 per cent of the...
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Wale Edun Says Nigerians Should Be Thankful for Local Refining Capacity Amid Rising Fuel Prices
Nigeria’s Minister of Finance, Wale Edun, has said the current increase in petrol prices reflects market realities, urging Nigerians to...
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NUPENG Warns Oil Sector Jobs at Risk Amid Global Market Volatility
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has warned that ongoing volatility in the global oil market...
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Enugu State Advances Solid Minerals Sector with Exploration and Reforms
The Enugu State government has made significant progress in developing its solid minerals sector, unveiling comprehensive exploration efforts and regulatory...
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Airlines Set to Hike Ticket Prices Amid Sharp Rise in Aviation Fuel
Airline operators in Nigeria are preparing to increase ticket prices following a significant surge in aviation fuel costs, which have...
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Dangote Refinery Supplies 92% of Nigeria’s Petrol as Government Pauses Imports
Nigeria’s fuel supply landscape is undergoing a major transformation as the Dangote Petroleum Refinery now accounts for about 92 per...
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World Bank Warns Against Public Sector Job Cuts in Developing Countries
The World Bank has cautioned that developing countries, including Nigeria, should avoid cutting public sector jobs as a quick fix...
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