Economy
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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…
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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…
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CBN suspends dividend payments, foreign investments for banks under regulatory forbearance
The Central Bank of Nigeria (CBN) has ordered banks currently operating under regulatory forbearance to suspend dividend payments to shareholders…
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Tinubu seeks fresh $110million emergency loan from Japan to address food crisis
President Bola Tinubu has requested an emergency loan of ¥15 billion (approximately $110 million) from the Japan International Cooperation Agency…
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Nigeria to lose $215 million as US moves to cut foreign remittances
As the United States Government introduces a bill that would tax remittances sent from the country to other countries, Nigeria…
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Fitch downgrades Afreximbank’s rating to ‘BBB-‘, cites loan transparency concerns
Fitch Ratings has downgraded the African Export-Import Bank’s (Afreximbank) long-term issuer default rating (IDR) to ‘BBB-’ from ‘BBB’ — “a…
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Debt Servicing Burden: Nigeria blows N16.72trn, $14.3bn in five years
Nigeria may be groping into a debt trap if urgent fiscal and monetary recalibrations are not carried out, experts have…
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CBN introduces financial instruments to deepen non-interest banking sector
The Central Bank of Nigeria, CBN, has introduced three non-interest financial instruments with the aim of deepening the non-interest financial…
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How I raised AfDB’s capital from $93bn to $325bn – Adesina
President of the African Development Bank (AfDB), Akinwunmi Adesina, who is stepping down from the position after a decade of…
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Debt Trap: Tinubu’s request for $21.5bn external loan, N757.9bn pension bond sparks alarm over Nigeria’s fragile economy
President Bola Tinubu has written to the House of Representatives, requesting legislative approval for a new external borrowing plan of…
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