Economy Archives - Independent Digital News Network

FAAN Resumes MMA2 Revenue After FG, Bi-Courtney Settlement

Abieyuwa23 hours ago23 hours ago

FAAN has resumed concession revenue from MMA2 after the Federal Government and Bi-Courtney formalised a settlement ending a nearly two-decade airport dispute, shifting scrutiny from litigation to implementation....

South-East Transport Costs Stay High as Petrol Prices Remain Elevated

Abieyuwa1 day ago1 day ago

1 day ago1 day ago0

High petrol prices and stubborn transport fares are limiting the relief felt by commuters across parts of the South-East, despite separate federal CNG transport and NNPC petrol-discount measures....

FG cash transfers reach ₦658.9bn as fewer households receive later tranches

Abieyuwa3 days ago3 days ago

3 days ago3 days ago0

The Federal Government reported ₦658.9bn in cash transfers reaching 10.46 million households, while official programme data show lower payment counts across later tranches....

CBN Cuts Interest Rate to 23%, but Has Cheaper Credit Reached Nigerian Borrowers?

IDNN2 weeks ago2 weeks ago

2 weeks ago2 weeks ago0

Nigeria's central bank has reduced its benchmark rate to 23%, but reported bank repricing has yet to establish broad-based relief for households and businesses....

NNPC profit jumps 33% to ₦7.2tn despite 24% revenue fall

IDNN3 weeks ago3 weeks ago

3 weeks ago3 weeks ago0

NNPC’s 2025 profit rose 33% to ₦7.2tn even as revenue fell 24% to ₦34.5tn, widening margins and raising a fresh reconciliation question over its provisional and audited profit figures....

CBN resets policy rate to 23% as businesses push banks for cheaper loans

IDNN4 weeks ago4 weeks ago

4 weeks ago4 weeks ago0

The CBN has reset its Monetary Policy Rate to 23% from 26.5%. Businesses want cheaper credit, but the real test is whether banks actually reprice loans and expand access to finance....

FAAC Allocation Drops 22% to N2.338tn in August 2026

IDNN1 month ago1 month ago

1 month ago1 month ago0

Federal, state and local governments received N2.338tn from August Federation Account revenue, about N669bn below the previous month’s distribution....

Abuja Petrol Prices Rise After Dangote Hike as September 14 Levels Remain Unclear

IDNN1 month ago1 month ago

1 month ago1 month ago0

Sampled Abuja stations sold petrol at ₦1,395–₦1,430 per litre on September 13 after Dangote raised its gantry price, but September 14 pump levels remain unverified....

Borno traders report suspected counterfeit ₦1,000 notes in grain markets

IDNN2 months ago2 months ago

2 months ago2 months ago0

Borno traders say suspect ₦1,000 notes are cutting into transactions and market confidence, while formal authentication of the reported currency remains unresolved....

Navy says 12 arrested over alleged ₦660m crude theft in Akwa Ibom

IDNN3 months ago3 months ago

3 months ago3 months ago0

The Navy says it intercepted MT FILIA over alleged crude-oil theft in Akwa Ibom. The 12 crew members remain suspects, and the ₦660m value basis is not yet independently verified....

Economy

FAAN Resumes MMA2 Revenue After FG, Bi-Courtney Settlement

South-East Transport Costs Stay High as Petrol Prices Remain Elevated

CBN Cuts Interest Rate to 23%, but Has Cheaper Credit Reached Nigerian Borrowers?

NNPC profit jumps 33% to ₦7.2tn despite 24% revenue fall

CBN resets policy rate to 23% as businesses push banks for cheaper loans

FAAC Allocation Drops 22% to N2.338tn in August 2026

Abuja Petrol Prices Rise After Dangote Hike as September 14 Levels Remain Unclear

Borno traders report suspected counterfeit ₦1,000 notes in grain markets

Navy says 12 arrested over alleged ₦660m crude theft in Akwa Ibom

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