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Forex Reserves Hit $40.16bn on Tinubu Reforms

Nigeria’s foreign exchange (Forex) reserves have hit a 14-month high, climbing to $40.159 billion as of August 7, 2025, from $37.195 billion barely a...

NNPC Reduces Petrol Price Just 48 Hours After Controversial Hike

A swift move that highlights the volatility of Nigeria’s downstream petroleum sector, the Nigerian National Petroleum Company Limited (NNPC Ltd) has slashed the pump...

Petrol Subsidy Removal Yields $84 Billion Gain, Funds 40 New Roads — Report

The Federal Government of Nigeria has officially confirmed that the controversial removal of the petrol subsidy, initiated by President Bola Tinubu since May 2023,...

W’Bank: Tight Monetary Policy to Cut Nigeria’s Inflation to 22.1%

The World Bank has projected that Nigeria’s inflation rate will decline to an average of 22.1 percent in 2025, driven largely by the Central...

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