FG Debt Repayments Overshoot Budget by N2trn   Federal Government debt repayments exceeded the 2025 amended budget allocation by N1.90tn in the first nine months of the year, fresh data from the Budget Office of the Federation showed. The 2025 third quarter Budget Implementation Report showed that...

CBN Increases Foreign Tuition Limit to $25,000   The Central Bank of Nigeria (CBN) has increased the maximum foreign exchange remittance for tuition payments by Nigerian students studying abroad to $25,000 per semester, up from the previous cap of $15,000. The adjustment is contained in the CBN...

Public Sector Pension Remittance Jumps by 235% in Q4 2025   Public sector pension contributions surged 234.85 per cent to N550.96bn in the fourth quarter of 2025, highlighting stronger compliance with Nigeria’s Contributory Pension Scheme and the settlement of outstanding pension arrears. This was disclosed in the...

FG, World Bank Restructure $500m Education Programme   The Federal Government and the World Bank have restructured the $500m HOPE for Quality Basic Education for All programme, cutting funding allocations tied to the construction of new classrooms while expanding the number of states eligible for targeted...

FG Seeks AfDB Support for $7bn Aviation Plan   Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has met with the President and governors of the African Development Bank in Congo over the proposed $7bn Integrated Aviation Transformation Programme for Africa. The meeting was held as...

Nigeria Faces Slower Growth in 2027, AfDB Projects   The African Development Bank Group has projected that Nigeria’s economic growth will slow to 3.7 per cent in 2027 as easing global oil prices reduce external revenue inflows, despite a modest improvement expected in 2026. The projection was...