PMS: Price war will favour Nigerians as market adjusts — NNPCL boss
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has assured Nigerians that the…
Category: Economy
Latest Nigeria economy news and analysis on inflation, naira exchange rate, fuel prices, business trends, and government policies. Follow real-time updates on Nigeria’s economic growth, cost of living, trade, and financial markets
States’ 2026 budgets raise sustainability concerns as IGR weakness deepens dependence on Abuja
As Nigerian states head into 2026 with ambitious spending plans, weak internally generated revenue (IGR) is forcing many to rely…
New NUPRC boss unveils plan to boost oil output
Nigeria’s upstream petroleum regulator has set its sights on higher crude oil output and accelerated gas development as Mrs. Oritsemeyiwa…
Tax reform success depends on states, not federal laws – Sanwo-Olu
Governor Babajide Sanwo-Olu has asserted that the success of Nigeria’s new tax framework depends more on effective state-level implementation than…
Food inflation drives modest Christmas celebrations across cities in Nigeria
By Helen Okechukwu and Fatimah Idera As preparations for the 2025 Christmas and end-of-year festive celebrations draw closer, Nigerians, including…
‘Be gatekeepers, not facilitators of financial crime’ – Olukoyede to banks
The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has issued a stern warning to bank compliance…
Festival keeps Naira steady against US Dollar, December 22, 2025
Nigerian naira traded within a relatively narrow range against the United States dollar on Monday, offering a measure of stability…
CBN mandates multi-factor authentication for foreign card transactions above $200
The Central Bank of Nigeria (CBN) has directed banks and non-bank acquiring institutions to implement multi-factor authentication (MFA) for transactions…
CBN orders banks to configure ATMs, POS terminals for foreign card transaction
The Central Bank of Nigeria (CBN) has directed banks and non-bank acquirers to configure all automated teller machines (ATMs), POS,…
Tinubu tables 2026 budget, security gets ₦5.41tn allocation
President Bola Ahmed Tinubu has earmarked ₦5.41 trillion for defence and security in the proposed 2026 national budget, making it…