Saudi Arabia and Nigeria Sign MOU on Energy Cooperation at Economic Conference
Saudi Arabia has entered into a Memorandum of Understanding (MoU) with Nigeria to enhance cooperation in the energy sector. The...
Economy
Nigerian President Signs N2.176 Trillion Supplementary Budget for Security and Infrastructure
President Bola Tinubu signed the N2.176 trillion Supplementary Appropriation Act on Wednesday, addressing key issues including strengthening Nigeria's security infrastructure...
Nigeria and Algeria to Establish Direct Flight Route with New Agreement
The Federal Government is making preparations to sign a memorandum of understanding (MoU) with Algeria to establish a direct flight...
Peter Obi Criticizes 2023 Supplementary Budget, Labels Government “Uncaring”
Peter Obi, the presidential candidate of the Labour Party in the 2023 election, has criticized the 2023 supplementary budget, describing...
Central Bank of Nigeria Affirms That All Banknotes, New and Old, Remain Legal Tender
The Central Bank of Nigeria (CBN) has clarified that all banknotes, whether old or new, remain valid legal tender in...
Nigeria Plans to Leverage NLNG Dividends to Bolster Naira’s Value
The Nigerian government, led by President Bola Ahmed Tinubu, is considering using dividends earned from the Nigeria Liquefied Natural Gas...
NUPENG Trustee Highlights Reasons for Persistent Fuel Scarcity in Nigeria
Fuel scarcity in Nigeria may persist due to several factors including non-functional refineries, instability in the naira-to-dollar exchange rate, overreliance...
Naira’s Rebound: ABCON Credits It to CBN’s Dual Approach of Dollar Liquidity Injection and Naira Mopping
The Naira's recent strength against the US Dollar is attributed to the Central Bank of Nigeria's (CBN) measures to increase...
APC Chieftain Asserts that President Tinubu is Well-Prepared to Tackle Nigeria’s Economic Challenges
A prominent member of the All Progressives Congress (APC), Mr. Olatunbosun Oyintiloye, has expressed confidence in President Bola Tinubu's ability...
Investors Eager to Invest $15.5 Billion in Abidjan-Lagos Highway, Says AfDB President
Dr. Akinwumi Adesina, the President of the African Development Bank (AfDB), has announced that the Abidjan-Lagos highway corridor has attracted...
