The Central Bank of Nigeria has cut the interest rate by 50 basis points to 26.50 percent from 27 percent. Nigeria’s apex bank announced this during its 304th Monetary Policy…
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Category: Economy
Dangote refinery and NNPC forge strategic alliance to secure Nigeria’s energy future
In a landmark move signaling a new era of collaboration, Dangote Petroleum Refinery and the Nigerian National Petroleum Company Limited (NNPC Ltd.) have committed to a strategic partnership aimed at…
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DMO: Nigeria’s public debt stock rose by N900bn to N153trn in Q3 2025
The Debt Management Office (DMO) says Nigeria’s total public debt profile hit N153.29 trillion as at September 30, 2025. Nigeria’s total public debt increased by N900 billion or 0.59 percent…
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US Supreme Court strikes down Trump’s tariffs
The top court in the US has ruled against US President Donald Trump’s global tariffs, which went into effect last year. The Supreme Court ruled against Trump’s tariffs in a…
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PENGASSAN faults executive order on oil revenue, says Tinubu ill-advised
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has faulted the Executive Order signed by President Bola Tinubu, targeted at promoting gas production in Nigeria. Tinubu signed…
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