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Naira Stability

Nigeria Secures $500 Million for Solar Manufacturing

Nigeria secures $500 million to boost solar manufacturing, aiming to expand renewable capacity and export locally made panels across Africa

Fuel Tax Won’t Begin Until Naira Strengthens or Oil Price Falls — Oyedele

Oyedele says Nigeria will delay 5% fuel surcharge until naira appreciates or oil prices drop to avoid price hikes.

World Bank Urges CBN to Halt Ad-Hoc Forex Auctions

The World Bank has advised Nigeria’s Central Bank to end ad-hoc FX auctions and adopt a transparent, structured approach to stabilize the naira, strengthen foreign reserves, and improve liquidity, amidst concerns over rising non-performing loans and currency market volatility.

Tinubu Inherits Economic Crisis, Presidency Defends Policies

Facing critical reports, the Nigerian Presidency clarifies the economic challenges inherited by President Tinubu and the strategic measures implemented for recovery.

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Nigeria Secures $500 Million for Solar Manufacturing

Nigeria secures $500 million to boost solar manufacturing, aiming to expand renewable capacity and export locally made panels across Africa

Fuel Tax Won’t Begin Until Naira Strengthens or Oil Price Falls — Oyedele

Oyedele says Nigeria will delay 5% fuel surcharge until naira appreciates or oil prices drop to avoid price hikes.

Otedola Donates ₦4bn for Augustine University Engineering Block

Femi Otedola donates ₦4 billion to build a state-of-the-art electrical and electronics engineering block at Augustine University.

Military Arrests 15 More Officers Over Alleged Coup Plot in Nigeria

Nigeria’s military detains 15 more officers over an alleged coup plot, with investigators linking funds to a former governor and minister.