28 h. ago I Won’t Buy N150bn Jet When 80% Of Health Centres Aren’t Functioning – Peter Obi

Former Labour Party presidential candidate, Peter Obi, has condemned President Bola Tinubu for buying a jet worth N150 billion naira, when millions of Nigerians have no access to basic amenities. Mr. Obi, while speaking during an interview with Channels Television on Sunday, assured that, if elected, he would be a president that cares for his people […] The post I Won’t Buy N150bn Jet When 80% Of Health Centres Aren’t Functioning – Peter Obi appeared first on Information Nigeria.

Politics

3 d. ago Nigerian banks resume international transactions on naira cards

Commercial banks in Nigeria have announced the resumption of international transactions on their naira cards. After years of suspension, United read more Nigerian banks resume international transactions on naira cards

Politics

4 d. ago Return Cashless Policy To Strengthen The Naira — Yul Edochie To Tinubu

Renowned Nigerian actor Yul Edochie has appealed to President Bola Ahmed Tinubu, urging him to reinstate the cashless policy previously introduced by the Central Bank of Nigeria (CBN). Sharing his thoughts via Instagram on Thursday, the actor pointed out that the cashless policy offered significant benefits, particularly in strengthening the economy and enhancing national security. […] The post Return Cashless Policy To Strengthen The Naira — Yul Edochie To Tinubu appeared first on Information Nigeria.

Politics

5 d. ago Oyo Court Convicts Two Social Media Influencers For Naira Abuse

Justice Uche Agomoh of the Federal High Court in Ibadan, Oyo State, has found social media influencers Bukola Rufai and Abdulateef Jimoh guilty of mishandling naira notes. Dele Oyewale, who serves as the Head of Media and Publicity for the Economic and Financial Crimes Commission, shared the information through a statement released on Wednesday in […] The post Oyo Court Convicts Two Social Media Influencers For Naira Abuse appeared first on Information Nigeria.

Politics

5 d. ago Court Rejects Mohbad’s Father’s Bid To Reverse DPP’s Clearance Of Naira Marley, Sam Larry

Justice Taiwo Olatokun of the Lagos State High Court in Ikeja has dismissed the suit filed by Mr. Joseph Aloba, father of the late singer Ilerioluwa Aloba, popularly known as Mohbad. The suit sought to invalidate the legal advice from the Directorate of Public Prosecutions, which exonerated Naira Marley, Sam Larry, and others from alleged […] The post Court Rejects Mohbad’s Father’s Bid To Reverse DPP’s Clearance Of Naira Marley, Sam Larry appeared first on Information Nigeria.

Politics

7 d. ago Neveah Begins Production At New Aluminum, Copper Recycling Plant

Neveah Limited has announced the successful commencement of production at its state-of-the-art aluminum and copper recycling plant in Ogun State, Nigeria. The facility, a multi-billion Naira investment, is designed to process over 44,000 metric tons of aluminum and copper annually. It is expected to generate more than $150 million in export revenue, create 500 direct […]

Politics

9 d. ago Excessive Printing Of Money Under Buhari’s Govt Crippled Naira — Oshiomhole

Lawmaker representing Edo North, Senator Adams Oshiomhole, has faulted previous administration under the leadership of ex-president Muhammadu Buhari over alleged devaluation of naira. Oshiomhole said that ‘excessive printing of money’ by Central Bank of Nigeria under  Buhari’s government, through the Ways and Means policy crippled the Nigeria currency. Speaking at a Progressives Governors Forum’s Meeting […] The post Excessive Printing Of Money Under Buhari’s Govt Crippled Naira — Oshiomhole appeared first on Information Nigeria.

Politics

1 week ago FG, NEPZA, Dangote move to crash domestic prices of petroleum products

Tribune Online FG, NEPZA, Dangote move to crash domestic prices of petroleum products Federal government Committee on ‘One Stop-Shop’ on the sales of Crude in Naira, the Nigerian Export Processing Zones Authority (NEPZA) and Dangote Refinery & Petrochemicals Free Zone Enterprises have agreed to meticulously midwife the presidential directive on crashing domestic prices of petroleum products to enhance national energy security, and promote economic growth. While paying a […] FG, NEPZA, Dangote move to crash domestic prices of petroleum products Tribune Online

Events

2 w. ago Auditors Blame Naira Devaluation For Banks’ Single Obligor Limit Breach

Chief audit executives under the auspices of the Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN) have said the devaluation of the naira in recent times is a contributing factor to the breaching of the regulatory Single Obligor Limit (SOL) by banks in the country. Speaking on the sidelines of the 61st quarterly […]

Politics

2 w. ago How oil prices rally boosts CBN’s push for higher reserves, stable naira

By Michael Nwadike The Central Bank of Nigeria (CBN) has continued to take steps that ensure higher reserves accretion, stable naira and elevated dollar liquidity. The ongoing oil prices rally over Israel-Iran war portends a combination of risks and upsides for the economy, underlining the need for proactive management of its impact. Brent Oil Futures […] The post How oil prices rally boosts CBN’s push for higher reserves, stable naira appeared first on The Sun Nigeria.

Politics

2 w. ago BNY Mellon, Standard Bank To Facilitate Access To Nigerian Naira Debt – Bloomberg

Bank of New York Mellon Corp., in collaboration with Standard Bank Group Ltd., is launching global depositary notes backed by Nigerian sovereign debt denominated in naira, Bloomberg reported Wednesday. The initiative is reportedly designed to give international investors streamlined access to the elevated yields available in Nigeria, Africa’s most populous nation. The depositary notes will […]

Politics

3 w. ago The promise and pain of a floating naira:Floating naira lures British schools to Nigerian shores

Two years after Nigeria let its currency float, the economic fallout is reshaping the education landscape. As foreign schooling slips read more The promise and pain of a floating naira:Floating naira lures British schools to Nigerian shores

Politics

3 w. ago CBN injects $580m to stabilise Naira amid dwindling reserves

Tribune Online CBN injects $580m to stabilise Naira amid dwindling reserves THE Central Bank of Nigeria (CBN) injected $580 million into the foreign exchange (FX) market in May 2025 as part of aggressive efforts to stabilize the naira and bolster market confidence. This intervention came despite a continued decline in the country’s external reserves, which stood at $38.045 billion by the end of May—raising concerns over […] CBN injects $580m to stabilise Naira amid dwindling reserves Tribune Online

Politics

3 w. ago Eroded Naira: N100 in 1960 now worth N1.1m in 2025 —World Data

Tribune Online Eroded Naira: N100 in 1960 now worth N1.1m in 2025 —World Data The Nigerian naira has lost nearly all its purchasing power over the last 65 years, with N100 in 1960 now worth N1.1 million in real terms by early 2025, according to data compiled by World Data. The dramatic erosion, fueled by persistent inflation, currency devaluations, and economic mismanagement, underscores the chronic weakness of Nigeria’s macroeconomic […] Eroded Naira: N100 in 1960 now worth N1.1m in 2025 —World Data Tribune Online

Politics

3 w. ago 3.2 Billion Naira? AbujaCar Breaks New Ground: Sells Nigeria’s Most Expensive Car Ever

In a milestone that underscores its dominance in Nigeria’s luxury auto market, AbujaCar has officially sold the most expensive privately-owned vehicle in the history of the country: a McLaren Senna Exposed Carbon Edition. The buyer? Afrobeat global sensation Burna Boy. Priced at a jaw-dropping ₦3.2 billion, this hypercar purchase follows closely on the heels of AbujaCar’s […]

Politics

3 w. ago Nigeria’s total merchandise trade hits N36.024trn, export rises by 7.42% — NBS

Tribune Online Nigeria’s total merchandise trade hits N36.024trn, export rises by 7.42% — NBS Total exports in Q1 2025 were valued at ₦20,598.48 billion, reflecting a 7.42 percent rise compared to ₦19,176.19 billion in the corresponding quarter of 2024 and a 2.92 percent increase compared to ₦20,014.33 billion in Q4 2024. Nigeria’s total merchandise trade hits N36.024trn, export rises by 7.42% — NBS Tribune Online

Politics

3 w. ago Nigeria’s total trade in Q1, 2025 rises to ₦36,024.66 bn from ₦33,925.72 last year – NBS

From Isaac Anumihe, Abuja The National Bureau of Statistics (NBS) says that Nigeria’s total merchandise trade stood at ₦36,024.66 billion in Q1, 2025, representing an increase of 6.19 per cent compared to the value of ₦33,925.72 recorded in the corresponding period of 2024 and a decrease of 1.58 per cent compared to the value recorded […] The post Nigeria’s total trade in Q1, 2025 rises to ₦36,024.66 bn from ₦33,925.72 last year – NBS appeared first on The Sun Nigeria.

Politics

3 w. ago Nigeria’s naira strengthens as oil rises and trade worries ease

Nigeria’s naira rose for a seventh day to a two-month high against the dollar on Tuesday amid higher oil prices read more Nigeria’s naira strengthens as oil rises and trade worries ease

Politics

4 w. ago Naira may stabilise around N1,600 and N1,650 in near term —Experts

Tribune Online Naira may stabilise around N1,600 and N1,650 in near term —Experts THE Nigerian National currency, naira, may stabilise around N1,600 and N1,650 in the near term, market experts have said. This submission was made by a number of experts who weighed in on the situation of the naira earlier this month. Renowned economist and Managing Director of Financial Derivatives Limited, Bismarck Rewane, who stated this at […] Naira may stabilise around N1,600 and N1,650 in near term —Experts Tribune Online

Politics

4 w. ago I would have ended fuel subsidy, floated naira if elected President –Obi

By Chinelo Obogo Former Anambra State governor and 2023 presidential candidate of the Labour Party (LP), Mr. Peter Obi, has said he would have removed petrol subsidy and floated the naira if he was elected president. But he clarified that unlike the incumbent President Bola Tinubu, his approach would have been different. According to him, […] The post I would have ended fuel subsidy, floated naira if elected President –Obi appeared first on The Sun Nigeria.

Politics