Legal luminary and founder of Afe Babalola University, Ado-Ekiti (ABUAD), Aare Afe Babalola, has expressed deep concern over Nigeria’s growing debt burden, warning that the country’s economic reputation is deteriorating and discouraging foreign investment.

Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reaffirmed the Federal Government’s commitment to sustaining ongoing economic reforms, stressing that Nigeria will not allow “reform fatigue” to derail the progress already achieved in stabilising the economy.

The International Monetary Fund (IMF) has urged Nigeria to deepen its ongoing macroeconomic and fiscal reforms, stressing that stronger domestic revenue mobilisation and transparent debt management are critical to sustaining growth and protecting vulnerable populations amid tightening global financial conditions.

By Udeme Akpan, Energy Editor The Dangote Petroleum Refinery yesterday resumed full operations while raising the gantry price of Premium Motor Spirit, PMS, also known as petrol by seven per cent to N877 per liter from N820 per litre. Checks by Vanguard indicated that oil marketers buying two million litres and above would benefit from the […]

By Emeka Anaeto, Business Editor, Babajide Komolafe, & Emma Ujah,  The Central Bank of Nigeria, CBN, and the Bank of Angola, yesterday, signed a Memorandum of Understanding, MoU, aimed at fostering closer bilateral relations and enhancing capacity in central banking operations. The signing ceremony, attended by senior officials and distinguished guests, saw the Governor of the […]