By Seun Ibiyemi President Bola Tinubu on Tuesday expressed optimism that the Naira would soon appreciate to N1,000 against the United States dollar, declaring that the target could be achieved “in a matter of weeks.” The President made the assertion while addressing participants at the Renewed Hope Ambassadors Summit held at the Presidential Villa, Abuja.Naira…
…Says rate cut signals economic recovery … Investors lose N1.14trn as NGX reacts to MPC decision By Seun Ibiyemi Stakeholders in Nigeria’s financial and real sectors have expressed support for the decision of the Central Bank of Nigeria (CBN) to reduce the benchmark interest rate to 26.50 per cent, describing the move as timely and…
By Seun Ibiyemi The House of Representatives Committee on Renewable Energy has issued a 24-hour ultimatum to the Managing Director of the Rural Electrification Agency (REA), Mr Abba Aliyu, to appear before it and account for the agency’s loans and grant expenditures. The resolution followed a motion moved by Rep. Paul Kalejaiye (APC–Lagos) at a…
By Seun Ibiyemi The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs Oritsemeyiwa Eyesan, has pledged to enhance transparency and fully digitise the Commission’s internal communications and operations within 60 days. Eyesan made the commitment when the Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Dr Musa Adar, paid a…
By Seun Ibiyemi The Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso, has disclosed that 13 banks are yet to meet the new minimum capital requirement under the ongoing bank recapitalisation programme. Cardoso made this known on Tuesday in Abuja while presenting the communiqué from the 304th meeting of the apex bank’s…
By Seun Ibiyemi The Nigerian naira maintained a relatively stable performance against the United States dollar in trading on Tuesday as sustained interventions by the Central Bank of Nigeria (CBN) continued to support liquidity and narrow the gap between official and informal market exchange rates. Data from the Nigerian Foreign Exchange Market (NFEM) showed that…
By Seun Ibiyemi Former presidential aide and social commentator, Reno Omokri has criticised appeals for sympathy over former Kaduna State Governor Nasir el-Rufa’i’s reported nosebleed while in detention, describing it as a minor issue compared to alleged human rights abuses under his administration. This was disclosed in a statement posted on it X handle formerly…
By Seun Ibiyemi The Federal Government of Nigeria is taking steps to make foreign-currency savings and investments more accessible to ordinary Nigerians, including those living in the diaspora, in a bid to deepen financial inclusion and strengthen domestic capital markets. The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, recently…
By Seun Ibiyemi The Lagos State Ministry of Transportation has reaffirmed its commitment to stakeholder engagement following the launch of the Bus Reform Initiative (BRI) on the Lekki–Epe Corridor, aimed at restructuring public transport operations and improving traffic flow. The reform restricts operations along the corridor to medium and high-capacity buses while limiting mini buses,…
By Seun Ibiyemi Nigeria’s equities market recorded a 42 per cent increase in trading activity in January 2026 on a year-on-year basis, even as monthly transactions fell sharply compared to December 2025, data from the Nigerian Exchange Ltd. (NGX) showed.Stock market gains N6.79trn as NGX All-Share index climbs 6.16% Total market transactions rose to N862…
