The Federal Government has launched a N729 billion Series 2 Power Sector Bond to settle verified legacy debts owed to GenCos, gas suppliers and service providers, aiming to restore investor…
CBN Governor Olayemi Cardoso says all naira denominations, including N100 and N200 notes, remain legal tender and must be accepted. He attributes their scarcity to increased digital payments and reaffirms…
The Central Bank of Nigeria has retained the Monetary Policy Rate (MPR) at 26.5%. CBN Governor Olayemi Cardoso announced the decision after the Monetary Policy Committee's 306th meeting in Abuja,…
Finance Minister Taiwo Oyedele says Nigeria's rising public debt was driven by naira devaluation and inherited obligations, not fresh borrowing by the Tinubu administration. Nigeria's surging public debt is largely…
Dangote Industries has launched a N500,000 whistleblower reward to curb illegal use of its branded trucks for unauthorised haulage nationwide Dangote Industries Limited (DIL) has launched a whistleblower initiative offering…
Nigeria has been admitted as an Association Country of the International Energy Agency (IEA), completing what the agency says is the fastest accession process in its 52-year history and paving…
S&P Dow Jones Indices has placed Nigeria on its 2027 watchlist for a possible upgrade to frontier market status, citing improvements in the country's regulatory environment while calling for consistent…
The deal, if approved, would create Nigeria's third-largest pension fund administrator ahead of a June 2027 capital deadline that carries licence revocation for non-compliance. Premium Pension and Trustfund Pensions have…
Nigeria now has more than $50 billion worth of upstream oil and gas projects in its visible pipeline, Special Adviser to the President on Oil and Gas, Olu Arowolo Verheijen,…
Ojulari says crude output reaches 1.71 million barrels per day as company delivers N19.5 trillion to federation and targets 3 million bpd by 2030. The Nigerian National Petroleum Company (NNPC)…
