Economy

As of August 13, 2024, the black market exchange rate for the dollar to naira at the Lagos Parallel Market (also known as the black market) is as follows: buyers are purchasing dollars at ₦1,593, while sellers are offering dollars at…
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The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has revealed that each of the 109 senators in the National Assembly earns N1,063,860 million salary and allowances per month. RMAFC chairman, Mohammed Bello Shehu…
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…Excluding Anambra, Kaduna The Federal Capital Territory (FCT) and 34 states received 438 billion Naira in July from the federal government, according to Senior Advocate of Nigeria (SAN) Femi Falana, in a recent video posted by…
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By William Emmanuel Ukpoju President Bola Tinubu has pledged to ensure that companies involved in mineral exploration prioritize the health and safety of Nigerians and host communities. He made this commitment while receiving a…
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The Central Bank of Nigeria (CBN), yesterday, extended a financial lifeline to struggling Unity Bank Plc and gave clearance for its planned merger with Providus Bank Limited in what is seen as a potential end to end of months of…
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The Central Bank of Nigeria (CBN) will be hoping it can halt the naira’s downward spiral by selling dollars at a retail auction today. The apex bank has received a list of all outstanding FX demand by end users from authorised…
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Former President Olusegun Obasanjo has told Financial Times that fuel subsidy has returned to Nigeria because of the present ‘hyper’ inflation in the country. The former leader who berated President Bola Tinubu for the manner and…
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Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC), Mele Kyari has been accused of undermining the economic policy of the President Bola Tinubu-led government. The allegation was levelled…
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By William Emmanuel Ukpoju President Bola Tinubu has dismissed concerns about manipulation by special interest groups in the ongoing economic reforms, stating that his campaign was self-funded and free from external influence.…
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By William Emmanuel Ukpoju President Bola Tinubu has assured citizens that Nigeria's economy is on a gradual but steady path of recovery. He made this statement during a meeting with traditional rulers at the State House on…
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