Economy
-
Tinubu signs ₦68.32trn 2026 budget, extends 2025 spending deadline
President Bola Ahmed Tinubu has signed into law the 2026 Appropriation Bill, approving a massive ₦68.32 trillion budget aimed at…
Read More » -
Debt pressure mounts as IMF cautions Nigeria against excessive borrowing
The International Monetary Fund (IMF) has cautioned Nigeria against excessive borrowing, urging authorities to prioritise debt sustainability and fiscal discipline…
Read More » -
CBN pegs BVN enrolment age at 18, limits phone number changes
The Central Bank of Nigeria (CBN), has restricted Bank Verification Number (BVN) enrolment to persons aged 18 years and above…
Read More » -
Shock as World Bank exposes ‘hidden system’ diverting 41% of Nigeria’s revenue
Nigeria’s federation revenue has seen a massive surge to N84tn over the last three years, yet a staggering 41% of…
Read More » -
Power Debt Row: Benin, Togo, Niger owe Nigeria $9.55m in electricity debt
Three West African countries of Benin, Togo and Niger have collectively failed to pay Nigeria $9.55m for electricity supplied to…
Read More » -
Nigeria’s debt crisis deepens as FG racks up N8.1trn in just months, signals more to come
•Tinubu and debts At the backdrop of rising public debt pressure and concerns over the impact on the economy, the…
Read More » -
FG secures fresh $200m loan from AfDB to boost digital sector
•AfDB Director-General, Nigeria Country Department, Abdul Kamara The African Development Bank Group, AfDB, has approved a 200-million-dollar loan to support…
Read More » -
Nigeria’s growth under threat as poverty deepens — World Bank warns
The World Bank has said Nigeria is facing a deep early childhood development crisis, warning that weak outcomes in health,…
Read More » -
Oil Windfall: World Bank warns Nigeria against reckless spending
•Tinubu and World Bank logo The World Bank has cautioned the Tinubu-led federal government against embarking on flamboyant spending as…
Read More » -
BREAKING: Senate fast-tracks approval of Tinubu’s $6bn fresh loan request
The Senate has expeditiously approved the request of President Bola Tinubu to go for external loans totalling $6 billion. The…
Read More »