THE naira appreciated against the dollar on Tuesday, extending its positive momentum from the beginning of the week. At the Nigerian Autonomous Foreign Exchange Market (NAFEM), the official rate closed at N1,579.28 per dollar, slightly stronger than the N1,581.58 recorded on Monday. On Monday,...

The federal government has launched the Nigeria Artificial Intelligence (AI) scaling hub in partnership with the Gates Foundation to accelerate the responsible adoption of AI technologies in health, education, and agriculture.The initiative was announced on Monday, during the signing of a memorandum of understanding...

The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company (NNPC) Limited over what it describes as a failure to account for N500 billion in oil revenue allegedly not remitted to the Federation Account between October and...

The Dangote Petroleum Refinery has announced a fresh reduction in the pump price of Premium Motor Spirit (petrol) across the country, with new rates now ranging from N875 to N905 per litre, depending on location.The new price regime, which marks a N15 reduction per...

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has explained that the country’s currency, the naira, is a stable, reliable, and more competitive payment system for trade across the West Africa region.He disclosed this in a press conference on Tuesday after the...

The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at 27.50 per cent, marking its second consecutive hold in 2025.This decision was announced by the CBN Governor, Olayemi Cardoso, during a press briefing on Tuesday in Abuja,...