Economy

10 states borrow N417bn despite higher allocations [FULL LIST]

At least 10 Nigerian states collectively increased their domestic debt by N417.7 billion year-on-year, despite a significant rise in revenue…

Read More »

Dangote holds the key to lower inflation – Economic Think Tank

Dangote Petroleum Refinery has been identified as crucial to reducing inflation in Nigeria, according to a report by the Financial…

Read More »

World Bank approves fresh $65 million loan for Nigeria 

The World Bank has approved an additional $65 million credit for Nigeria under the Sustainable Procurement, Environmental, and Social Standards…

Read More »

NNPCL owes FG N6.6tn unremitted royalties — FAAC

The Federal Accounts Allocation Committee has revealed that the Nigerian National Petroleum Company Limited currently owes the Federation Government a…

Read More »

Reps give CBN 14-day ultimatum to remit N3.64trn in operating surplus to FG

The House of Representatives has ordered the Central Bank of Nigeria (CBN) to remit N3.64 trillion to the Federal Government…

Read More »

Tinubu’s Tax System: 4 Key takeaways from new laws

President Bola Tinubu on Thursday signed four new tax laws aimed at modernising and streamlining the country’s tax system.  …

Read More »

New tax laws won’t be implemented until January 2026 – FIRS Chair

The Federal Government has disclosed that the implementation of the newly signed four tax fiscal reform laws will commence by…

Read More »

FG rakes in N6.9trn in first 3 months of 2025

The Minister of Finance and Coordinating Minister for the Economy, Mr Wale Edun, said Federal Government revenue rose to N6.9…

Read More »

FG, states, LGs share N1.65trn May revenue

The Federation Account Allocation Committee (FAAC), has shared N1.659 trillion, being May 2025 revenue among the Federal Government, States and…

Read More »

PenCom, Head of Service collaborate to introduce gratuity for civil servants under CPS

The National Pension Commission (PenCom) and the Office of the Head of the Civil Service of the Federation (OHCSF) are…

Read More »