Nigeria’s IDA Loan Exposure Rises to $18.7bn in 2025
By Elizabeth Ugbo Nigeria’s debt to the International Development Association (IDA) rose to $18.7bn as of December 31, 2025, according…
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Dangote Petroleum Expands Refinery to Reduce Africa’s Import Dependence
By Elizabeth ugbo Dangote Petroleum, led by Managing Director David Bird, announced a $400,000-tonne Linear Alkaline Benzene (LAB) plant expansion…
Tinubu Halts NNPC Deductions as N2.1tn Oil Revenue Remittance Sparks Industry Concerns
By Elizabeth Ugbo President Bola Tinubu has ordered the Nigerian National Petroleum Company Limited to remit all oil and gas…
Open Budgeting and Climate Finance: Budget Urges Federal Reforms
By Elizabeth Ugbo BudgIT Foundation on Wednesday called on the Federal Government to strengthen climate finance reporting and budget transparency…
Naira Exchange Rate: Steady Performance Amid Strong Reserves and Inflationary Support
By Elizabeth Ugbo The Nigerian Naira maintained a steady performance against the US Dollar on Wednesday, February 25, 2026, in…
Nigeria’s External Reserves Hit $50.45bn, Highest in 13 Years – CBN
By Elizabeth Ugbo Nigeria’s gross external reserves climbed to $50.45 billion on February 16, 2026, according to the Governor of…
Naira Holds Firm at 1,344/$ as External Reserves Hit $47.81bn
By Elizabeth Ugbo The Nigerian Naira traded steadily against the US Dollar on Tuesday, February 24, 2026, in the Nigerian…
Nigeria Launches Largest Agricultural Mechanisation Programme for Smallholder Farmers
By Elizabeth Ugbo The Bank of Agriculture (BOA) recently launched 2,000 tractors under the Pay-As-You-Service (PAYS) scheme in Kwali Area…
Naira to Dollar Exchange Rate February 18 2026: Official and Parallel Market Updates
By Elizabeth ugbo Official Market Performance (NAFEM) On Wednesday, February 18, 2026, in Nigeria, the Naira traded against the United…
CBN Lending Rates Hit 60% as Banks Tighten Credit to Key Sectors
By Elizabeth Ugbo Manufacturers and agricultural operators in Nigeria are now paying lending rates of up to 60 per cent,…