Naira Faces Unprecedented Instability Amid Forex Market Turmoil The Association of Bureau De Change Operators of Nigeria (ABCON) has raised serious concerns over the increasing volatility of the naira, stating that it is fast…
What’s Happening? The Nigerian government is gearing up for a high-stakes meeting to salvage the Naira-for-crude oil deal with Dangote Refinery. This comes after the refinery abruptly suspended petroleum product sales in…
A Nationwide Call for Reduced Borrowing Costs A recent Household Expectations Survey conducted by the Central Bank of Nigeria (CBN) has revealed that 65.5% of Nigerian households believe a reduction in lending rates would be…
A Growing Concern for the Maritime Industry The Shipping Association of Nigeria (SAN) has expressed deep concern over the excessive use of the US dollar for transactions in the nation’s maritime sector. Speaking at a press…
Amid swirling rumors, the Technical Sub-Committee on the Federal Government’s Naira-for-Crude policy has clarified that the initiative remains firmly in place. Contrary to reports suggesting the discontinuation of the…
A Price War That Benefits Nigerians Nigerians can look forward to more reductions in petrol prices as the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery engage in a fierce price war. This competition…
A Showdown in the Oil Sector Nigeria’s House of Representatives is turning up the heat on oil companies accused of owing the Federal Government a staggering N9.4 trillion. In a dramatic move, lawmakers have issued a three-day…
A Welcome Relief at the Pump In a move that has brought cheer to many Nigerians, the Dangote Petroleum Refinery has announced a reduction in the price of Premium Motor Spirit (PMS), commonly known as petrol. The ex-depot…
A Clash Over Accountability The Nigerian Senate’s investigation into the N30 trillion Ways and Means facility has hit a major roadblock, with lawmakers accusing the Central Bank of Nigeria (CBN) of deliberately frustrating…
President Bola Tinubu has called on the Nigerian Senate to deliver workable tax reform laws, four months after forwarding four key tax reform bills to the National Assembly. The appeal came during a public hearing organized…
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