2025 Budget: FG Allocates N2.5b for Passengers Boarding Bridges at Lagos Airport The Federal Government has set aside N2.5 billion in the proposed 2025 budget for the purchase and installation of passenger boarding bridges at Lagos airport. This allocation, Economic Confidential gathered that falls under the...

Nigeria's Capital import Rises 224% to $9.04bn Capital importation rose by 224 percent year-on-year, YoY, to $9.04 billion in the first 10 months of 2024 (10m’24) from $2.9 billion in the same period of 2023, indicating increased foreign investment in the country. Data analysis from the...

Tinubu's 15% Inflation Target Ambitious, Unattainable - Rewane, Adedipe Economic experts and analysts on Wednesday described President Bola Ahmed Tinubu’s promise to reduce inflation to 15 per cent in 2025 as an ambitious and aspirational goal but not a realistic one. This was the view of...

Telecom: Tariff Hike Imminent but Not 100%, Says Minister The Minister of Communications, Innovation, and Digital Economy, Dr Bosun Tijani, has disclosed that telecommunication tariffs will soon increase, though the hike will not be as high as the 100 per cent being proposed by operators. Speaking...

Debt Servicing: Eight States to Pay N424bn in 2025 Eight states are to pay a combined N424.28bn in debt service and to borrow N1.21tn over the next two years, with financial commitments slated for 2025 and 2026. According to the states’ medium-term fiscal frameworks, the eight...

FG Permits Versities, Defence Academy to Generate Electricity  The Nigerian Electricity Regulatory Commission has permitted six Nigerian universities and the Nigerian Defence Academy to generate captive electricity. Also, Nigerian Breweries Plc got the approval to generate captive power in its offices located in Abia, Oyo, and...