Finance
Tinubu Approves Up to 80% Pay Rise for Military
President Bola Tinubu has approved a substantial salary increase ranging between 30 and 80 percent for approximately 250,000 personnel of the Nigerian Armed Forces. The updated remuneration package, scheduled to…
Nigeria Earns ₦24 Trillion From Crude Oil Exports
Nigeria generated an estimated ₦24.02 trillion from crude oil exports in the first six months of 2026, underlining the nation's heavy reliance on oil sales for foreign exchange earnings despite…
Dollar-to-Naira Rate Remains Stable Across Official and Parallel Markets
The Nigerian naira has maintained a steady footing against the United States dollar across both the official Nigerian Foreign Exchange Market (NFEM) and the parallel (black) market, supported by sustained…
IMF urges Nigeria, Others to seek early financial support
The Managing Director of the International Monetary Fund, Kristalina Georgieva, has urged Nigeria and other economies under pressure to seek financial support promptly to avoid worsening economic conditions. Ms Georgieva…
From 2026, NIN and CAC Numbers to Serve as Official Tax IDs – FIRS
The Federal Inland Revenue Service (FIRS) has announced that the National Identification Number (NIN) issued by the National Identity Management Commission (NIMC) will automatically function as the Tax Identification Number…
CBN Removes Cash Deposit Limits, Increases Weekly Withdrawal Cap
The Central Bank of Nigeria (CBN) has announced the removal of the cash deposit limit and increased the weekly cash withdrawal limit across all channels to N500,000, up from the…
Nigeria’s Debt Soars as FG Overshoots 2025 Loan Target by 55%
The Federal Government (FG) has borrowed ₦17.36 trillion from both domestic and
Dollar to Naira Rate Today, November 7, 2025 – Black Market Update
The naira traded broadly steady on Friday, November 7, 2025, as liquidity inflows and
