The President, Major General Muhammadu Buhari (retd.), on Tuesday, signed into law the 2023 budget proposal of N21.83tn along with the 2022 supplementary appropriation bill. It is the eighth and…

The Central Bank of Nigeria has said the use of cash payment will naturally reduce 2025 as the new naira notes circulate in the economy. The apex bank made this…

The Senate President, Ahmed Lawan, on Tuesday said the National Assembly is currently reconsidering the President’s proposal to securitise the Federal Government’s outstanding Ways and Means balance at the Central…

The President, Major General Muhammadu Buhari (retd.), on Tuesday morning urged the National Assembly to reconsider his proposal to securitise the Federal Government’s outstanding Ways and Means balance at the…

Nigeria’s external reserves fell by $3.43bn in 2022, according to figures obtained from the Central Bank of Nigeria. The CBN disclosed in its movement on external reserves figures that the…

The Ogun State Governor, Dapo Abiodun, has said his administration plans to explore oil prospects in Tongeji Island and Olokola in 2023. He stated that his government would achieve this…

The available generation capacity in Nigeria’s power sector dropped again in 2022, as it crashed from the 6,336.52 megawatts recorded in 2021 to 5,346.82MW last year, latest data on electricity…

Oil marketers have said fuel queues at filling stations across the country may persist if consumers and motorists’ continue to buy the product at selected filling station dispensing the product…

The Edo State Governor, Mr. Godwin Obaseki, says his government has, in the past six years, pursued reforms and programmes to expand the state’s economic base by deliberately creating the…

Oil marketers on Sunday said the Federal Government should evacuate and dispense the products currently trapped in the depots which were shut down recently by the Nigerian Midstream and Downstream…