Nigeria’s FX reserves hit $48.5bn, highest level since 2013
Nigeria’s foreign exchange (FX) reserves have climbed to $48.5 billion, marking the highest level recorded in nearly 13 years. Data obtained from the Central Bank of Nigeria (CBN) show that…
Breaking: Tinubu orders direct remittance of oil, gas revenues to federation account
President Bola Tinubu has signed an Executive Order mandating the direct remittance of oil and gas revenues to the Federation Account, in a move aimed at boosting national revenue, curbing…
Dangote forecasts stronger naira, sees ₦1,100/$ in 2026
Aliko Dangote, chairman of Dangote Group, has projected that the naira could appreciate to about ₦1,100 to the dollar in 2026, citing the impact of recent economic policies and a…
Tinubu: Dangote Cement paid ₦900bn taxes in 2025 as FG unveils industrial policy
President Bola Tinubu has disclosed that Dangote Cement paid about N900 billion in taxes in 2025, underscoring the Federal Government’s pride in Nigeria’s manufacturing sector.The President made the remarks at…
Customs reaffirms CBN control of FX rates used for valuation
The Nigeria Customs Service (NCS) has clarified that it does not set or manipulate foreign exchange rates used for Customs valuation, stressing that all rates applied in import and export…
X back online after brief global outage, cause still unknown
X, formerly known as Twitter, has been restored after suffering a global outage that lasted for about an hour on Monday. Users across several countries, including the United States, the…
Tinubu hails Nigeria–UAE industrial deal as BUA signs MoU with Abu Dhabi ports, MAIR group
President Bola Tinubu has welcomed the signing of a strategic Memorandum of Understanding (MoU) between Nigeria’s BUA Group and UAE-based AD Ports Group and MAIR Group industrial and trade breakthrough.…
Otedola predicts naira to strengthen below ₦1,000/$ by year’s end
Billionaire investor Femi Otedola has projected that the naira could strengthen to below N1,000 to the dollar before the end of the year, attributing the optimism to the Dangote Petroleum…
Tinubu hails BOI over record ₦636bn loans to businesses in 2025
President Bola Tinubu has commended the Bank of Industry (BOI) for disbursing a record N636 billion in loans to businesses in 2025, describing the feat as validation of his administration’s…
World Bank praises Tinubu’s policies , says Nigeria now global benchmark for economic reforms
Nigeria has emerged as a global reference point for steady and credible economic reform leadership, the World Bank has said. Anna Bjerde, Managing Director of Operations at the World Bank,…