Economy

FEC approves 100% gratuity scheme for retiring federal civil servants

The Federal Executive Council has approved the implementation of a new Exit Benefit Scheme…

CBN adds locally sourced LBMA-standard gold to foreign reserves

The Central Bank of Nigeria has taken delivery of responsibly sourced gold refined to…

Reps intensify probe, query Customs, CBN, NPA over export revenue gaps

The House of Representatives has stepped up its probe into alleged discrepancies in export…

FCTA vows to improve public transport with new bus terminals

The Federal Capital Territory Administration has expressed its determination to build more modern terminals…

Tinubu nominates Taiwo Oyedele as minister of state for finance

  President Bola Tinubu has nominated the Chairman of the Presidential Committee on Fiscal…

Net reserves surge 772% to $34.8bn, Cardoso says

  The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has disclosed that…

Netflix CEO holds White House talks amid Warner Bros. Discovery bidding battle

Chief Executive Officer of Netflix, Ted Sarandos, was at the White House on Thursday…

NNPCL to begin export of new crude grade in March

  The Nigerian National Petroleum Company Limited has announced that it will begin exporting…

CBN cuts interest rate to 26.50%

    The Central Bank of Nigeria has reduced the Monetary Policy Rate  by…

World Bank raises Ukraine reconstruction cost to $588b

The World Bank has revised upward its estimate for rebuilding Ukraine, putting the total…

Beer companies recover stolen bottles, crates following joint police raids

The Beer Sectoral Group, in partnership with the Nigeria Police Force, conducted raids on…

Tinubu signs executive order to reform oil revenue framework

President Bola Tinubu has signed a new Executive Order aimed at protecting and boosting…

US states sue Trump $1.2bn clean energy funding cut

A coalition of 13 U.S. states led by California announced Wednesday that it has…

Dangote signs $400m equipment deal to fast-track refinery expansion

  Dangote Group has signed a $400 million construction equipment agreement with XCMG Construction…

Sri Lanka lawmakers vote to abolish parliamentary pension scheme

Lawmakers in Sri Lanka on Tuesday voted by a large majority to abolish their…