ECONOMY

Forex Shortage Threatens Petrol Importation in Nigeria - The much-anticipated benefits of the deregulation of Nigeria's downstream sector are yet to materialize. Oil marketers express growing concerns over their inability to...

Forex Crisis Deepens: CBN Yet to Clear $10bn Debt, Naira Nears 1,000/$ - Despite promises made by the Central Bank of Nigeria (CBN) to clear over $10 billion in forex debts,...

CPPE Urges New CBN Governor to Prioritize Clearing Forex Backlog - The Centre for the Promotion of Private Enterprise (CPPE) has strongly recommended that Olayemi Cardoso, the freshly appointed Governor of...

NEITI Uncovers Major Discrepancies in Nigeria’s Oil Revenue Management - The Nigerian Extractive Industries Transparency Initiative (NEITI) has recently unveiled a report identifying significant shortcomings in Nigeria's oil revenue management. Key...

Declining Crude Production Challenges Nigeria's Refining Ambitions - As Nigeria gears up for a resurgence in local oil refining, the declining rate of oil production casts a shadow over the nation's...

Nigerian Naira Struggles Amidst Weak Central Bank Reforms - In a year marked by significant financial upheavals, the Nigerian Naira stands out as one of the world's worst-performing currencies, with a...

Nigeria Faces N1.68tn Fuel Subsidy as Petrol Price eyes N900/litre - The Federal Government is potentially staring at a N1.68tn fuel subsidy bill for the last quarter of 2023, as oil...

Naira's Record Plunge: CBN Postpones Rate Decision Amidst Policy Vacuum - Nigeria's currency, the naira, has hit an alarming low, depreciating to a record 1,050 per dollar on the parallel market....

CPPE Urges Nigeria to Rethink Complete Naira Floatation - The Centre for Promotion of Private Enterprise (CPPE) has made a compelling case against the complete floatation of Nigeria's currency, the naira....

CBN's Monetary Policy Committee Meeting Delayed Again - For only the second time ever, the Central Bank of Nigeria (CBN) has postponed its much-anticipated Monetary Policy Committee (MPC) meeting. The announcement...