Browsing Tag
Economy
524 posts
Nigeria expects 300,000 bpd increase via 2026 licensing bid round
The Nigerian government is targeting a production increase of 300,000 barrels per day through its latest oil block licensing round, with plans already underway for a follow-up 2026 bid phase.
Wednesday morning update: 10 key headlines from Nigeria
This morning's summary covers the Defence Minister's denial of resignation rumors, a fatal attack in Anambra, central bank interest rate decisions, and the rescue of students from an illegal university in Lagos.
Shettima: Strong Governance Is Essential for Nigeria’s $1 Trillion Economy
Vice President Kashim Shettima warned that Nigeria cannot reach its $1 trillion economic target without prioritizing corporate governance and ethical regulatory compliance.
Naira Gains Strength Against Dollar in Parallel and Official Markets
The Naira strengthened to N1,409 per dollar in the parallel market and improved to N1,374.5 in the official NFEM as trading turnover increased.
Nigeria settles N330 billion debt to power firms and launches N729 billion bond
The Nigerian government has paid N333 billion to eight power generation companies and launched a N729 billion bond to clear legacy debts and stabilize the electricity sector.
Andy Burnham retreats from plans to lift tax-free personal allowance
Prime Minister Andy Burnham has signaled he will not increase the £12,570 tax-free personal allowance, citing fiscal constraints and his commitment to existing tax policies.
Prime Minister Burnham begins cabinet meetings as murder trial details emerge
New Prime Minister Andy Burnham focuses his initial cabinet meeting on cost-of-living policies while legal proceedings reveal horrific details about the murder of Ann Widdecombe.
Ensuring educational access remains affordable for all students
The Federal Government's decision to halt examination fee hikes for WAEC and NECO is a necessary move to protect families during a difficult economic period.
Nigeria Foreign Exchange Reserves Reach $52 Billion, CBN Governor Reports
Central Bank Governor Yemi Cardoso announced that Nigeria's foreign exchange reserves have hit $52.52 billion, even as the MPC keeps interest rates at 26.5 percent.
Central Bank confirms lower denomination naira notes remain valid currency
Governor Olayemi Cardoso reaffirms that small denomination naira notes remain valid currency, citing supply and demand as the primary reason for their current scarcity.