President Bola Tinubu has signed a new Executive Order establishing a coordinated regulatory framework for virtual assets, creating a CBN-led council to strengthen oversight of the digital economy, curb fraud and close regulatory gaps exploited by unregistered operators. The Presidential Executive Order on Virtual Assets Coordination, 2026, which takes immediate effect, is designed to harmonise …
Nigeria's economic managers are expected to keep interest rates high and tighten liquidity in the coming months as they focus on reducing inflation and stabilising the naira. This development will keep borrowing costs elevated for businesses and households, according to economic policy analyst Dr Felix Ijeh. He said the Federal Government and the Central Bank …
Nigeria's headline inflation may have stabilised in June, but rising food prices remain a major threat to households and the economy, the Centre for the Promotion of Private Enterprise (CPPE) has warned. In a policy brief issued on Thursday, the Chief Executive Officer of CPPE, Dr Muda Yusuf, said the latest inflation figures showed that …
The Securities and Exchange Commission (SEC) said it has begun a nationwide campaign to help Nigerians recover unclaimed dividends and other funds arising from capital market transactions. It made this known in a statement on Thursday, saying that it is unacceptable for investors' money to remain unclaimed. According to the SEC, the campaign began with …
The Federation Account Allocation Committee (FAAC) has shared N2.55 trillion among the Federal Government, state governments and local government councils from June 2026 revenue. This marks the highest monthly allocation so far this year as stronger tax collections and oil-related revenues boosted the distributable pool. Details of the distribution were contained in a statement signed …
Corporate Accountability and Public Participation Africa (CAPPA) has commended the federal government's newly launched National Guidelines for Public Procurement of Food and Related Services. Similarly, it urged the federal, state, and local government institutions to fully implement the policy to improve nutrition and promote healthier food choices across public institutions. The guidelines, published in December …
The Dangote Petroleum Refinery has shielded Nigerian consumers from rising global fuel prices by keeping domestic petrol prices stable despite increasing international gasoline prices, higher freight costs, and tightening global fuel supplies. This was contained in the latest market intelligence by S&P Global Commodity Insights. According to the report, fuel importers supplying the Nigerian market are …
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has called on the Federal Government to immediately restore full commercial production at the state-owned refineries. It warned that relying on a single dominant refinery poses risks to fuel pricing, currency stability, and Nigeria's energy security. It made the call in a statement issued on …
Nigeria's headline inflation rate eased slightly to 15.91 per cent in June 2026, but food prices accelerated sharply during the month. This underscores the continued pressure on household budgets despite broader signs of easing price growth. In its latest Consumer Price Index (CPI) report released on Wednesday, June 15, the National Bureau of Statistics (NBS) …
The Alliance for Economic Research and Ethics has warned that Nigeria's growing number of ministries, departments, and agencies (MDAs) is hurting businesses, discouraging investment, and weakening the economy, calling for the urgent implementation of long-delayed public sector reforms. The group raised the concerns while reacting to a recent sealing of three soya milk factories in …
