Former Minister Saleh Mamman has been arrested by the EFCC for financial misappropriation, following a court sentence, with ongoing investigations.
CBN has eased its cashless PTA and BTA rule, allowing 25% cash access for travellers. Discover key reforms in the new FX Manual aimed at boosting investor confidence
Togo, Niger and Benin owe Nigeria over $17.8 million (over N25 billion) for electricity supply, the Nigerian Electricity Regulatory Commission (NERC) has disclosed.
The Nigeria Revenue Service (NRS), working with NITDA, has accredited Pillarcraft Cloud Solutions as a System Integrator for the national e-invoicing framework.
In 2025, the naira appreciated by over 7%, supported by CBN reforms, rising external reserves to $45.60 billion, transforming the FX market for a stable currency.
PwC projects Nigeria’s poverty rate will reach 62 percent by 2026, leaving about 141 million people poor as weak incomes and high living costs persist.
Naira begins 2026 strong despite a 20.67% decline in FX inflows, backed by local sources supplying FX, as disparity grows between official and parallel markets.
Nigeria's 2026 budget faces uncertainty as oil earnings hinge on global supply challenges and competition from Venezuela. Experts urge diversification.
The CPPE has warned that the reform could fail unless it is implemented gradually and with strong consideration for Nigeria’s economic and political realities.
The naira appreciates to N1,430.84 per dollar, driven by improved FX supply and CBN reforms, as analysts project stability in 2026 amid declining volatility.
The Nigerian government opens portal for free business registration with the aim to capture the informal sector and grow small, medium enterprises nationwide.
Economy
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