Wage bill, other spending exceed subsidy savings — Oyedele
…Govt saved N15.8trn from subsidy removal, naira floatation …FG got only N5.43trn, borrowed N11.85trn …No large pool of cash available to FG By Emma Ujah, Abuja Bureau Chief ABUJA — The Federal Government has clarified that the N15.8 trillion saved from fuel subsidy removal and the flotation of the naira between June 2023 and December […]
External reserves stand at $52bn – CBN gov, Cardoso
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says Nigeria’s foreign exchange reserves has presently risen to 52.52 billion dollars.
NUPRC awards 37 oil blocks to 31 firms in 2026 licensing round
The winners emerged at the commercial bid conference held on Tuesday at the Transcorp Event Centre, Abuja, marking the conclusion of the competitive phase of the licensing exercise.
Drug trafficking through ports threatens Nigeria’s trade reputation, economy — Report
By Providence Ayanfeoluwa Nigeria’s growing exposure to drug trafficking through its seaports is posing a serious threat to the country’s international trade reputation, economic competitiveness and investment prospects, the Sea Empowerment & Research Center (SEREC) has warned. In its July 2026 Policy Bulletin released yesterday, SEREC said the persistent use of Nigerian seaports as transit routes […]
FCMB introduces ‘book now, fly later’, offering up to N10m for air travel
First City Monument Bank (FCMB) and 247 Travels have launched ‘Book Now, Fly Later’, a financing programme that allows eligible customers to borrow up to ¦ 10 million for international flight tickets and repay over three to nine months. The programme is designed to help Nigerians spread travel costs for business, education, healthcare, tourism, and family […]
Tantalizers’ shareholders laud return to profitability
By Peter Egwuatu The shareholders of Tantalizers Plc have commended its Board of Directors and Management for the company’s return to profitability. The board also assured the shareholders that the company’s emerging growth trajectory was founded on strong operational foundations that would ensure sustainable long-term profitability and returns to investors. At the company’s Annual General Meeting, […]
