MaTaZ ArIsInGDallas, Texas WTI Crude 94.40 -1.51% Brent Crude 105.3 +0.25% Murban Crude 103.6 -2.23% Natural Gas 2.523 -3.48% Nigeria is finally starting to fix a long-standing imbalance: a major crude exporter that couldn’t meet its own fuel demand. That shift is now materializing in hard numbers—and it is being driven entirely by the Dangote […] Read more
MaTaZ ArIsInGDallas, Texas This is a fiscal-architecture reading of the Coordinating Minister of the Economy’s resignation, based on the evidence, not the Noise. The resignation of Mr Olawale Edun as Coordinating Minister of the Economy and Minister of Finance closes a demanding chapter in Nigeria’s post-subsidy fiscal recalibration. Read on the evidence, and not on […] Read more
MaTaZ ArIsInGDallas, Texas The Federation Account Allocation Committee (FAAC) has shared N2.036 trillion among the federal government, states and the local government councils (LGCs). The revenue was shared at the April meeting of FAAC in Abuja. The N2.036 trillion total distributable revenue comprised statutory revenue of N1.320 trillion, Value Added Tax (VAT) revenue of N515.391 […] Read more
MaTaZ ArIsInGDallas, Texas The Federal Government says deductions from the federation earnings by the Federation Account Allocation Committee, FAAC, are being misrepresented as a diversion of revenue. In a statement on Sunday signed by Taiwo Oyedele, minister of state for finance, the ministry said some media reports are misrepresenting the findings of the World Bank in […] Read more
Babajide Ojo18.04.2026 MaTaZ ArIsInGDallas, Texas Nigeria’s economic indicators are shifting, markets are responding and infrastructure is rising, yet many still insist nothing is changing. The evidence suggests otherwise. For those who claim they cannot see what is happening in Nigeria’s economy, it is time to connect the dots with clarity rather than sentiment. The surge […] Read more
MaTaZ ArIsInGDallas, Texas Governor of the Central Bank of Nigeria, Olayemi Cardoso, has dismissed concerns over recent fluctuations in the country’s external reserves, insisting that Nigeria remains in a strong and comfortable position, with buffers well above global benchmarks. Speaking the Nigerian press conference to round up the International Monetary Fund/World Bank Spring Meetings in […] Read more
MaTaZ ArIsInGDallas, Texas PRESIDENT Bola Tinubu demonstrated foresight in July 2024, when he approved the use of the naira as the payment currency for crude oil supplied by the NNPC to the Dangote Refinery. Since the launch of the naira-for-crude initiative on October 1, 2024, Nigeria has experienced a strategic breakthrough amid the ongoing economic […] Read more
MaTaZ ArIsInGDallas, Texas The Central Bank of Nigeria (CBN) has announced the successful conclusion of the banking sector recapitalisation programme initiated in March 2024. This is disclosed in a statement issued on Wednesday in Abuja, jointly signed by Dr Olubukola Akinwunmi, Director, Banking Supervision, and Mrs Hakama Sidi-Ali, Acting Director, Corporate Communications Department of the […] Read more
MaTaZ ArIsInGDallas, Texas The Senate has expeditiously approved the request of President Bola Tinubu to go for external loans totalling $6 billion. The approval came barely three and a half hours after the senate president, Godswill Akpabio, read the letter from the president, seeking the approval. The Senate approved the loans following the presentation and […] Read more
MaTaZ ArIsInGDallas, Texas Nigeria has emerged as an alternative supplier of aviation fuel to Europe as disruptions linked to the US-Iran conflict tighten supplies from the Middle East, with a cargo from the Dangote Petroleum Refinery arriving in the United Kingdom. An impeccable source at the Dangote refinery confirmed the development to our correspondent, saying […] Read more
