Monday, April 27, 2026
IMF expert sees lifeline for CBN’s e-Naira in mobile money
Nigeria’s underperforming e-Naira, Africa’s first and the world’s second central bank digital currency (CBDC) introduced in October 2021 by the...
Read moreDetailsFAAC allocation to federal govt, subnationals rises to N907.054bn in June
By Onome Amuge. The Federation Account Allocation Committee (FAAC) has shared a total sum of N907.054 billion federation account revenue...
Read moreDetailsTinubu approves infrastructure support funds for states to cushion effects of subsidy removal
President Bola Tinubu has approved the establishment of Infrastructure Support Fund (ISF) for the 36 States of the federation as...
Read moreDetailsFIRS records historic N5.5trn tax revenue in six months
By Onome Amuge. The Federal Inland Revenue Service (FIRS) says it generated a total tax revenue of N5.5 trillion in...
Read moreDetailsNOVA MB conversion to commercial bank begins as shareholders approve licence acquisition
By Cynthia Ezekwe. The process to convert to a retail bank for one of Nigeria's fastest growing wholesale banks, NOVA...
Read moreDetailsMarket forces responsible for fuel hike to N617 per litre, says IPMAN
By Onome Amuge. The Independent Marketers Association of Nigeria (IPMAN) has identified market forces including the increase in crude oil...
Read moreDetailsPolicymakers snookered as African currencies tank against US dollar
BY BEN EGUZOZIE IN PORT HARCOURT Nigerian naira worst-hit with 70% rate fall Pressure mounting on exchange rates ...
Read moreDetailsNigeria’s inflation rate soars for 6th consecutive month to 22.79% in June
By Onome Amuge. Nigeria’s inflation rate rose for the sixth straight month in the year to 22.79 per cent in...
Read moreDetailsSouth East economy’s resilience gives way as experts identify bane
Biggest economic crisis since civil war? Region’s biggest industry, commerce hit SABY ELEMBA IN OWERRI The Southeast of Nigeria...
Read moreDetailsTinubu declares state of emergency to tackle Nigeria’s food crisis
By Onome Amuge. President Bola Tinubu has declared a state of emergency on food security to address the rising cost...
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