The Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, has reiterated commitment to sustaining reform momentum. This was made known in a statement issued by the Head Information and Public Relations, in the ministry of Finance, Efe Ovuakporie, in Abuja on Friday. During the handing over
Mr Taiwo Oyedele, Minister of State for Finance, has dismissed reports alleging hidden spending and diversion of federation revenue, describing it as misinterpretations of the World Bank Nigeria Development Update. This was contained in a statement issued by the minister on Sunday in Abuja. He said reports suggesting large-scale diversion
Zacch Adedeji, the head of the Nigeria Revenue Service, announced on Tuesday that without significant economic changes made by the government, inflation in Nigeria could have reached an alarming level of up to 120 percent. He shared this insight during the opening of the new NRS headquarters in Abuja, emphasizing
The Governor of Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, says sustaining macroeconomic stability requires credible monetary policy and strong coordination, alignment of all key stakeholders across the economic system. Cardoso said this in Abuja on Thursday at the apex bank’s Monetary Policy Forum themed, “Strengthening Nigeria’s Macroeconomic Stability
Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, says Nigeria’s net foreign exchange reserves stood at N34.80 billion dollars as at December 2025. In a statement issued on Monday in Lagos Cardoso was quoted to have disclosed this at the end of the last Monetary Policy Committee
Prof. Uche Uwaleke, the President of the Capital Market Academics of Nigeria (CMAN), has described the 50 basis points cut in interest rate by the Monetary Policy Committee (MPC) as a prudent, cautious and credibility-building move. The News Agency of Nigeria (NAN) reports that the Central Bank of Nigeria (CBN)
Nigeria’s external reserves have climbed to 49 billion dollars, reinforcing confidence in the economy and strengthening the Naira amid ongoing reforms in the foreign exchange market. The steady rise is being viewed by analysts as a sign that policy adjustments by the President Bola Tinubu’s administration are beginning to yield
The fintech sector in Nigeria is divided regarding regulations, as revealed by a recent survey conducted by the Central Bank of Nigeria (CBN). According to the survey, 50% of fintech companies believe that regulations promote innovation, while the remaining 50% feel that these rules hinder their progress. This insight comes
The Nigerian Economic Summit Group (NESG) has called on government, industry leaders, and stakeholders to consolidate recent economic stabilisation gains, warning that stability alone is insufficient to deliver prosperity. Speaking at the launch of the 2026 Macroeconomic Outlook, on Thursday in Lagos. the NESG Chairman, Mr Niyi Yusuf, said Nigeria
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) is calling on the Federal Government to privatize the country’s four state-owned oil refineries by early 2026. Billy Gillis-Harry, the group’s National President, highlighted that privatizing these refineries on time could help reduce financial burdens on the government, improve how