Monetary

Tinubu Rejects N942bn Census Budget

Tinubu Rejects N942bn Census Budget   President Bola Tinubu has turned down a N942bn proposal by the National Population Commission (NPC) for the conduct of the national housing and population census. Impeccable sources privy to the discussions between Tinubu and the commission’s top officials on Monday, February...

FG to Float N758bn Bond in 3 Months to Clear Pension Arrears

FG to Float N758bn Bond in 3 Months to Clear Pension Arrears   The Director-General of the National Pension Commission (PenCom) Mrs. Omolola Oloworaran has stated that the commission is optimistic that the recently approved N758 billion bond by the Federal Executive Council to clear pension...

FG Targets $100bn GDP Boost from Arts, Culture, and Creative Economy

FG Targets $100bn GDP Boost from Arts, Culture, and Creative Economy   The Federal Government is setting ambitious targets to supercharge Nigeria's economy through the creative industries, aiming to add a whopping $100 billion to the country's GDP. The Minister of Arts, Culture, Tourism, and Creative Economy, Hannatu Musa...

World Bank: FG Eyes Six Loans as Nigeria’s Debt Hit $9.2bn

World Bank: FG Eyes Six Loans as Nigeria’s Debt Hit $9.2bn The Federal Government is set to secure six new loans totalling $2.23bn from the World Bank in 2025 as the international financial institution continues to support the country’s economic and structural reforms. Data from the...

$4.7m, N830m, Properties Linked to Emefiele Seized by Court Order

$4.7m, N830m, Properties Linked to Emefiele Seized by Court Order   The Federal High Court in Lagos has ruled in favor of permanently seizing a massive $4.7 million, N830 million, and multiple properties connected to the embattled former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele. But...

NECA Raises Alarm Over Customs’ FOB Charge, Predicts N2.84trn Burden

NECA Raises Alarm Over Customs' FOB Charge, Predicts N2.84trn Burden   The Nigeria Employers’ Consultative Association (NECA) has warned that the newly introduced four per cent Free On-Board valuation on imports by the Nigeria Customs Service will impose an additional N2.84tn in costs on businesses, worsening...