Oil Production Fell to Record 1.024m bpd Low in May, OPEC Says
Still struggling with its oil production quota, the Organisation of Petroleum Exporting Countries (OPEC) on Tuesday revealed that Nigeria...
Financial
Naira Falls against dollar 2nd Time in 2022 at Black Market, See New Exchange Rate
The Nigerian official currency, Naira has fallen against the dollar for the second time in the New Year, five...
Amid CBN probe of FX defaulters, sales of FX to banks fall to $1.65 billion in August 2021
The Central Bank of Nigeria’s total foreign exchange sales to authorised dealers (deposit money banks) declined to $1.65 billion...
CBN, NDIC, NTA, others return over N1tr to Nigerian Government
Nigeria’s independent revenue crossed the N1 trillion mark in 2021, it was learnt on Wednesday. Minister of Finance Budget...
Buhari Signs N17tn 2022 budget into law, laments ‘worrisome changes’
President Muhammadu Buhari on Friday in Abuja signed into law the 2022 Appropriation Bill and the 2021 Finance Bill....
FCCPC committee to shutdown illegal money lending businesses
The joint committee tackling violation of consumer rights in the money lending industry will shut down illegal businesses at...
Reps pass 2022 Budget of N17.126trn, peg oil benchmark at $62
The House of Representatives on Tuesday passed the 2022 budget of N17.126 trillion against the N16.391 trillion presented by...
Nigerian Government promoting transparency in budgeting system — Official
The Federal Government of Nigeria has reiterated commitment to transparency and accountability, to ensure participatory budget planning and implementation...
CBN, Persuades Nigerians to embrace E-Naira
The Central Bank of Nigeria (CBN) yesterday called on Nigerians to embrace e-naira, the nation’s digital currency. The Director Corporate Communications...
Financial reporting critical in the utilisation of public funds — Minister
The Minister of Industry, Trade and Investment, Adeniyi Adebayo, says that sound and accurate financial reporting is critical in...