Tinubu proposes N4.6 trillion deficit reduction in 2024 budget
President Bola Tinubu plans to reduce federal budget deficit in 2024, aiming to bring it down from 6.1% of gross domestic product (GDP) this...
Central Bank of Nigeria postpones interest rate meeting again
The Central Bank of Nigeria has again postponed a meeting of its monetary policy committee. It is the second time since Olayemi Cardoso was...
Nigeria inflation soars again – driving more people into poverty
Nigeria's inflation rate soared for the 10th straight month to an 18-year high in October, driven by weaker naira, low food production and the...
Nigerian govt watchdog wants NNPC probe over Buhari era’s subsidy surge
The Nigerian government’s extractive industry watchdog has demanded an investigation after records showed that fuel subsidy payments rose 1,433% within a year under former...
Naira resumes decline as CBN faces more FX backlog
The naira weakened on Wednesday despite efforts by the central bank to clear a backlog of matured foreign-exchange forward contracts. The naira fell to...