Trending News: BREAKING: Former Nigerian Police Inspector General Solomon Arase Dies In Abuja HospitalBREAKING: Lagos Police Ban Area, Divisional Commands From Arresting Motorcycle Riders, Say Crackdown Restricted To Task ForceBREAKING: Kaduna Resident Doctors Resume Indefinite Strike Over Unmet DemandsCoast Now Clear for Fubara, State Lawmakers’ Return on Sept 18, Says WikePolice Probe El-Rufai’s ADC, SDP Meeting; Claim Ex-Gov’s Thugs Fired GunshotsAmid Excess Liquidity in Financial Sector, Banks’ Borrowing from CBN Slumps 28.2% to N2.9tn in August 2025Military Rejigs Security Architecture in North-central, Rebrands Operation Safe Haven to Sustain PeaceWith 13% Derivation Revenue Rising 100%, Oil-producing States Receive N620bn in Five MonthsColombian Vice President Begins Three-day Official Visit to NigeriaNorth-east Govs Raise the Alarm over Looming Flood, Food Crisis, Say Emerging Challenges Compounded Insecurity, PovertyUK Initiates Policy to Cut Net Migration, Bans over 100 Occupations from Foreign RecruitmentEmeka Ngige Urges Supreme Court to Accelerate Hearing on Rivers Emergency Declaration CaseData Consumption in Nigeria Hits All-time High in July Despite Decline in Subscriptions , Says NCCColombian Vice-President Begins Three-day Official Visit To NigeriaAdebayo: What Tinubu Seeks Abroad Exists in SDP Manifestoes2027: Obidient Movement Sensitises Nigerians in Imo on Need to Get PVCsWike: Rivers Emergency Rule Expires September 18Abisoye Fagade: Same Power FIRS Has Is What NIHOTOUR WieldsCross-border Crimes: Experts Urge Stronger Controls, Community Trust-building in Northern NigeriaACReSAL National Coordinator Hails Gombe Governor for Setting Pace in Environmental Restoration2027: I’ll Support Any PDP Presidential Candidate, Says Gov BalaSokoto Launches 2025 Tree Planting Campaign to Combat DesertificationFRSC Tasks Special Marshals on Diligence, Pragmatism Edo APC Pledges Fair Primaries for LG Election ATBU ASUU Stages Peaceful Protest Over Lack of Conducive Working Environment PDP Urges Kwara Gov to Review Workers’ Minimum Wage from N70,000 to N150,000CRPP Cautions Okpebholo on State Finance, Donation of N2.5bn to UBTHEXCLUSIVE: Akwa Ibom Governor Eno Accused Of Deducting ‘15% Compulsory Tithe’ From Political Appointees Who Earn Around N450,000 MonthlyGlobacom at 22: How Adenuga Sparked Telecom RevolutionRivers Residents Vote in LG Election, Expect Emergency Rule to End SoonLG Election: Rivers Residents Defy No-movement Order, Cite Economic HardshipShettima: FG Ready To Unlock Nigeria’s Geo-Heritage Sites Potential Through CollaborationUS Revokes Visas of Palestinian Officials Ahead of UN General AssemblyAnambra PDP Elders Warn NWC Against Dissolving State ExcoNSCDC Calls for Collaboration to Tackle Illegal Mining in NigeriaNCDMB Reaffirms Commitment to Promoting Local Content in Oil and Gas Industry ECOWAS Stategises to Get $2.61bn to Fund Standby ForceGombe Gov Arrives Jalingo for 12th North East Governors’ Forum MeetingWife Of Labour Party Candidate, Bright Ngene Incarcerated For 15 Months Appeals For Husband’s ReleaseNigeria, Switzerland Commence Talks on Cultural Cooperation, Repatriation of ArtifactsOtu Hails Tinubu for Establishing South South Development CommissionIs Bayo Ojulari, NNPCL Helmsman, Infallible?Nestle Professional Empowers Food Vendors in Bauchi with ‘Business of Food’ WorkshopWith Renewed Confidence, Stock Market Gains N26.01trn in Eight MonthsJonathan Has Not Ruled Himself Out of 2027 Contest, Says CousinAnkara, Nigerian Fabrics Dominate Spotlight at Parties GloballyIbas Preaches Peace as Rivers Holds Controversial LG Elections Today Sokoto Hit by Another Boat Accident, Several Feared DeadShettima Represents Tinubu at Ex-VP Sambo Son’s Wedding Fatiha in Kano Buckle Up That ChildEtching Footprints on London Art Scene with Hyperrealistic PaintingsCalm Returns After Police, Youths Clash in Lagos CommunityDel-York Creative Academy, YABATECH Partner to Train 10,000 Students in Digital Creativity, AnimationBalmoral Seals Strategic Partnership to Boost Boxing in NigeriaAdebayo: Changes in Security, Poverty, Employment ‘ll Determine If Tinubu Will Contest Presidency in 2027 DOAM Foundation Equips Scholarship Beneficiaries with Resilience, Leadership SkillsFG Clarifies Minister’s Statement on Signed Agreement With ASUUBREAKING: Angry Residents Block Roads, Protest Police Killing Of Unarmed Man In Lagos’ Ibeju-Lekki; 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Sun. Aug 31st, 2025
Trending News: BREAKING: Former Nigerian Police Inspector General Solomon Arase Dies In Abuja HospitalBREAKING: Lagos Police Ban Area, Divisional Commands From Arresting Motorcycle Riders, Say Crackdown Restricted To Task ForceBREAKING: Kaduna Resident Doctors Resume Indefinite Strike Over Unmet DemandsCoast Now Clear for Fubara, State Lawmakers’ Return on Sept 18, Says WikePolice Probe El-Rufai’s ADC, SDP Meeting; Claim Ex-Gov’s Thugs Fired GunshotsAmid Excess Liquidity in Financial Sector, Banks’ Borrowing from CBN Slumps 28.2% to N2.9tn in August 2025Military Rejigs Security Architecture in North-central, Rebrands Operation Safe Haven to Sustain PeaceWith 13% Derivation Revenue Rising 100%, Oil-producing States Receive N620bn in Five MonthsColombian Vice President Begins Three-day Official Visit to NigeriaNorth-east Govs Raise the Alarm over Looming Flood, Food Crisis, Say Emerging Challenges Compounded Insecurity, PovertyUK Initiates Policy to Cut Net Migration, Bans over 100 Occupations from Foreign RecruitmentEmeka Ngige Urges Supreme Court to Accelerate Hearing on Rivers Emergency Declaration CaseData Consumption in Nigeria Hits All-time High in July Despite Decline in Subscriptions , Says NCCColombian Vice-President Begins Three-day Official Visit To NigeriaAdebayo: What Tinubu Seeks Abroad Exists in SDP Manifestoes2027: Obidient Movement Sensitises Nigerians in Imo on Need to Get PVCsWike: Rivers Emergency Rule Expires September 18Abisoye Fagade: Same Power FIRS Has Is What NIHOTOUR WieldsCross-border Crimes: Experts Urge Stronger Controls, Community Trust-building in Northern NigeriaACReSAL National Coordinator Hails Gombe Governor for Setting Pace in Environmental Restoration2027: I’ll Support Any PDP Presidential Candidate, Says Gov BalaSokoto Launches 2025 Tree Planting Campaign to Combat DesertificationFRSC Tasks Special Marshals on Diligence, Pragmatism Edo APC Pledges Fair Primaries for LG Election ATBU ASUU Stages Peaceful Protest Over Lack of Conducive Working Environment PDP Urges Kwara Gov to Review Workers’ Minimum Wage from N70,000 to N150,000CRPP Cautions Okpebholo on State Finance, Donation of N2.5bn to UBTHEXCLUSIVE: Akwa Ibom Governor Eno Accused Of Deducting ‘15% Compulsory Tithe’ From Political Appointees Who Earn Around N450,000 MonthlyGlobacom at 22: How Adenuga Sparked Telecom RevolutionRivers Residents Vote in LG Election, Expect Emergency Rule to End SoonLG Election: Rivers Residents Defy No-movement Order, Cite Economic HardshipShettima: FG Ready To Unlock Nigeria’s Geo-Heritage Sites Potential Through CollaborationUS Revokes Visas of Palestinian Officials Ahead of UN General AssemblyAnambra PDP Elders Warn NWC Against Dissolving State ExcoNSCDC Calls for Collaboration to Tackle Illegal Mining in NigeriaNCDMB Reaffirms Commitment to Promoting Local Content in Oil and Gas Industry ECOWAS Stategises to Get $2.61bn to Fund Standby ForceGombe Gov Arrives Jalingo for 12th North East Governors’ Forum MeetingWife Of Labour Party Candidate, Bright Ngene Incarcerated For 15 Months Appeals For Husband’s ReleaseNigeria, Switzerland Commence Talks on Cultural Cooperation, Repatriation of ArtifactsOtu Hails Tinubu for Establishing South South Development CommissionIs Bayo Ojulari, NNPCL Helmsman, Infallible?Nestle Professional Empowers Food Vendors in Bauchi with ‘Business of Food’ WorkshopWith Renewed Confidence, Stock Market Gains N26.01trn in Eight MonthsJonathan Has Not Ruled Himself Out of 2027 Contest, Says CousinAnkara, Nigerian Fabrics Dominate Spotlight at Parties GloballyIbas Preaches Peace as Rivers Holds Controversial LG Elections Today Sokoto Hit by Another Boat Accident, Several Feared DeadShettima Represents Tinubu at Ex-VP Sambo Son’s Wedding Fatiha in Kano Buckle Up That ChildEtching Footprints on London Art Scene with Hyperrealistic PaintingsCalm Returns After Police, Youths Clash in Lagos CommunityDel-York Creative Academy, YABATECH Partner to Train 10,000 Students in Digital Creativity, AnimationBalmoral Seals Strategic Partnership to Boost Boxing in NigeriaAdebayo: Changes in Security, Poverty, Employment ‘ll Determine If Tinubu Will Contest Presidency in 2027 DOAM Foundation Equips Scholarship Beneficiaries with Resilience, Leadership SkillsFG Clarifies Minister’s Statement on Signed Agreement With ASUUBREAKING: Angry Residents Block Roads, Protest Police Killing Of Unarmed Man In Lagos’ Ibeju-Lekki; Two Others In Critical ConditionFLIP: Oando Foundation Partners QEDA, Others to Improve Foundational Learning in NigeriaBREAKING: South Africa Demolishes Nigerian Developer’s Unlawful Complexes In Tshwane After Court RulingsOborevwori Courts Brazilian Investors, Showcases Delta’s Economic PotentialDSS Charges Nine over Benue, Plateau MassacresShettima: FG Ready To Unlock Nigeria’s Geo-heritage Sites Potential Through CollaborationBREAKING: Bishop Emeritus Of Nsukka Diocese, Francis Emmanuel Okobo, Dies At 89Oyebanji Tasks Ekiti  Elders to Ensure Politicians Play by RulesManufacturers of Military Hardware Call on African Leaders to Prioritise Locally Made Defence ArmamentsResidents Send SOS to Lagos Govt Over Safety Concerns as Construction of Building Threatens Life, PropertyAbiodun Consolidates Gains of Infrastructure Projects in Ogun EastBandits Kill Two, Abduct Several Others in Niger CommunityMartha Agba Empowers Obudu Youths, Women With Business GrantsGbenga Daniel: When Law of Karma BeckonsMarafa Dumps APC, Accuses Tinubu of Betrayal, NeglectFRSC, EFCC Join Forces to End Economic Sabotage, Road Traffic CrashesNigeria to Strengthen Conflict-sensitive Climate AdaptationBREAKING: Three Killed As Suspected Bandits Ambush Motorists In KwaraNCS Cautions Public on Auctioning of Seized ItemsEXCLUSIVE: How Four Policemen Attached To ‘Land Grabber’ Ariori Left Duty Post For Illegal Assignment At Lagos’ Owode Market, Shot Three DeadBREAKING: Suspected Amasiri Warriors Invade Ebonyi Community, Behead Farmer Amid Land DisputeAnambra Massacre: 11 Laid to Rest in EbonyiNEC Moves to Fast-track $1trn Economy, Endorses Renewed Hope Five-Year Economic PlanGDP: Govs Back FG’s $100 Billion Creative Economy Target By 2030Gov Mbah Revamps, Upgrades Nigergas after 30-year DormancyDangote Group, Ethiopia Strike Deal to Build $2.5 Billion Fertiliser PlantOye Cautions on Abrupt Banning of Shea Nuts’ Export, Canvasses Phased Transition PeriodJapan’s Credit Rating Agency Affirms Afreximbank’s A-/Stable RatingAkpabio Inaugurates Projects in Akwa Ibom, Credits Tinubu for Prompt FundingOjulari Pledges Renewed Transparency in NNPC, Says Oil Company Under AttackMinister Bosun Tijani Listed Among 2025 TIME Magazine’s 100 Most Influential Persons on AITinubu: My Global Shuttles Aimed at Growth, Job Creation, Nation’s ProsperityINC Decries Double Standard in Nigeria’s Solid Minerals, Crude Oil LawsFG Inaugurates 21-man Advisory Team to End Building Collapse, Quackery, OthersCanada Commits $15.75m to Empower Nigerian Women Through ActionAid’s Renewed Leadership ProjectAfDB Invests $55bn in Trade Infrastructure as FG Seeks to Deepen Trade Ties with Benin, CamerounOML17: Heirs Energies Sets Ambitious 100,000 Bpd, 150mmscf/d Gas Output Targets  IFEOMA MONYE AT 60Zichis Agro-allied Industries Eyes Listing Shares on NGXNEC Moves to Fast-track $1trn Economy, Endorses Renewed Hope 2026-2030 Economic PlanAfriland Properties Pays Interim Dividend of  N178.6mAll On Chairman Urges Bold Investments to Bridge Energy Gap in NigeriaEXCLUSIVE: EFCC Detains NAHCON Chairman’s Brother, Aka ‘De Facto Chairman’, Sirajo Usman, Over Hajj Expenditure, Alleged N50Billion Fraud
Sun. Aug 31st, 2025

FG credits Naira rebound to oil receipts, diaspora remittances, and FX backlog clearance

The Director-General of the Budget Office of the Federation, Tanimu Yakubu, has credited Nigeria’s recent currency rebound to higher oil receipts, strong diaspora remittances, and the clearance of foreign exchange backlogs. In March 2024, the CBN announced the complete clearance of the valid foreign exchange backlog amounting to $1.5 billion. Yakubu, in a statement released […]

The post FG credits Naira rebound to oil receipts, diaspora remittances, and FX backlog clearance appeared first on Nairametrics.

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