At the 2025 IMF/World Bank Annual Meetings in Washington, D.C., the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, cited over USD 8 billion in new energy sector …
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Global policy institute Chatham House has raised concerns that corruption remains a major obstacle to Nigeria’s economic development. In its latest assessment, the London-based think tank warned that widespread graft …
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BusinessEconomyNews
FAAC Recovers N1.49 Trillion in First Half of 2025, Warns of N6.7 Trillion Still Outstanding
Nigeria’s Federation Account Allocation Committee (FAAC) has reported a substantial recovery of ₦1.490 trillion in arrears between January and June 2025, remitted by key revenue-generating agencies including the NNPC, NUPRC, …
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EconomyNews
Nigeria and China Pledge to Deepen Cultural and Tourism Cooperation to Strengthen Bilateral Ties
Nigeria and China have reaffirmed their commitment to enhancing cultural and tourism exchanges as key drivers of deeper diplomatic relations. At the 2025 China–Nigeria Culture and Tourism Festival in Abuja, …
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The Independent Petroleum Marketers Association of Nigeria (IPMAN) has dismissed rumors suggesting that petrol prices are set to rise across the country. In an interview with Voice of America, Bashir …