Economy
The Central Bank finally let Bureau de Change operators back into the official foreign exchange market. Each licensed BDC can now buy up to $150,000 weekly from authorized dealer banks. The catch: they have 24 hours to sell any unused dollars back to the market. No...
Governance
The law now says electronic transmission is mandatory. The same law also says manual results override it when networks fail. Both can’t be true. One of them is a lie waiting to happen in 2027. Tuesday’s Senate session was billed as a reversal. After public...
Economy
Foreign reserves hit $49 billion. CBN Governor Olayemi Cardoso announced a 4.93% increase and sharp climb from the $3 billion net reserves when he took office. Remittances drove much of the growth while premium between official and parallel exchange rates collapsed to...
Economy
The fuel price war just flipped on you. Imported petrol now costs ₦77 per litre less than Dangote Refinery’s ₦799 gantry price, according to data from the Major Energies Marketers Association. After months of Dangote undercutting importers, the market reversed....
Economy
Your 2026 budget carries a ₦25.27 trillion deficit—nearly half the entire ₦58.47 trillion spending plan. On Monday, Senate Appropriations Chairman Solomon Adeola didn’t promise belt-tightening. Didn’t promise better revenue collection. He promised more...
Governance
Nigeria’s Health Ministry received ₦36 million out of ₦218 billion allocated for capital projects in 2025. That’s 0.016%. While you waited months for hospital beds, surgical equipment, or basic medical supplies, 99.98% of the money meant to buy them never...