Amidst Hike in Tariff, Power Generation Crashes to 3,383MW

Amidst Hike in Tariff, Power Generation Crashes to 3,383MW The recent increase in electricity tariff by the Nigerian Electricity Regulatory Commission, NERC, has failed to...
President Bola Ahmed Tinubu

We Will Step Up Interventions in Oil and Gas Sector for Enhanced Investment Values...

We Will Step Up Interventions in Oil and Gas Sector for Enhanced Investment Values - Tinubu   President Bola Ahmed Tinubu has given an assurance that...
National Bureau of Statistics, NBS

In Two Years, Nine Oil Producing States’ Debts Skyrocket Despite Receiving N1.88trn

In Two Years, Nine Oil Producing States’ Debts Skyrocket Despite N1.88trn Derivation Fund   Despite receiving N1.885 trillion from the 13 per cent oil derivation fund...
Central Bank of Nigeria, CBN

How External Debt Servicing Gulped $3.07bn in 10 Months – CBN

How External Debt Servicing Gulped $3.07bn in 10 Months – CBN Latest data obtained from the Central Bank of Nigeria (CBN) has revealed that Nigeria...
Naira Bundles

Currency Outside Banks Surges To N3trn – CBN

Currency Outside Banks Surges To N3trn - CBN   Recent data released by the Central Bank of Nigeria (CBN) has revealed a notable spike in currency...
Electricity

FG Spends Over N5trn To Cover Electricity Subsidy In 10 Years

FG Spends Over N5trn To Cover Electricity Subsidy In 10 Years   The federal government’s effort to subsidise electricity tariff for Nigerians has seen it cough...
NNPC Towers

NNPCL To Pay Taxes, Royalties From $3.3bn Afrexim Loan

NNPCL To Pay Taxes, Royalties From $3.3bn Afrexim Loan   The Nigerian National Petroleum Company Limited (NNPCL) on Sunday, said it would prepay future royalties and...
Central Bank of Nigeria, CBN

CBN Reveals Foreign Medical, School Bills Gulped $1.58bn In Six Months

CBN Reveals Foreign Medical, School Bills Gulped $1.58bn In Six Months   Nigerians spent $1.58bn on health tourism, foreign education, and other personal matters in six...

World Bank Reveals Nigeria’s Poverty Rate Reduced By 7%

World Bank Reveals Nigeria’s Poverty Rate Reduced By 7%   The World Bank has estimated that improved access to internet coverage over three years led to...
New Naira Notes, Naira Scarcity, Cash Crunch, Naira Redesign

 CBN Won’t be Allowed to Print Money – Budget Minister

 CBN Won't be Allowed to Print Money - Budget Minister Amidst revenue pressures facing the 2024 national budget, the Federal Government has indicated that it...
Taiwo Oyedele

‘How FG Save N8trn From Subsidy Removal, FX Reform’

'How FG Save N8trn From Subsidy Removal, FX Reform'   The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has said the...
The National Assembly, NASS

NASS Raises Works Ministry Budget To Over N1trn

NASS Raises Works Ministry Budget To Over N1trn The National Assembly has raised budgetary allocation to the Ministry of Works from N657.3bn in the proposed...

FIRS Suspends Implementation of VAT Guidelines

FIRS Suspends Implementation of VAT Guidelines   The Federal Inland Revenue Service (FIRS) has announced the postponement of the implementation guidelines for the value-added tax simplified...
President Bola Ahmed Tinubu

‘Tinubu’s Trips Gulped N3.4bn in Six Months’

'Tinubu’s Trips Gulped N3.4bn in Six Months'   President Bola Tinubu has spent not less than N3.4bn on local and foreign travel within six months of...
Electricity

Military To Spend N5.8bn On Electricity Charges, Despite Payment Default

Military To Spend N5.8bn On Electricity Charges, Despite Payment Default   The three branches of armed forces have proposed to spend N5,817,782,952 in 2024 to pay...
EFCC

EFCC To Splash Out N1bn on Local Travels, N413m on Vehicles

EFCC To Splash Out N1bn on Local Travels, N413m on Vehicles The Economic and Financial Crimes Commission (EFCC) has planned to spend N1,055,633,61 billion on...
Central Bank of Nigeria, CBN

$2bn Debt: Airlines Get $62m As CBN Repays Banks

$2bn Debt: Airlines Get $62m As CBN Repays Banks The Central Bank of Nigeria (CBN) has paid $2bn to clear a part of its backlog...
Betta Edu, Minister of Humanitarian Affairs and Poverty Alleviation of Government of Nigeria

N585m Saga: Payment into Individual Account Illegal – AGF Disowns Betta Edu

N585m Saga: Payment into Individual Account Illegal - AGF Disowns Betta Edu The controversy surrounding the attempt by the Minister of Humanitarian Affairs and Poverty...
Betta Edu, Minister of Humanitarian Affairs and Poverty Alleviation of Government of Nigeria

N3bn Saga: Betta Edu Confirms Authorising Payment of N585 Public Funds into Private Accounts

N3bn Saga: Betta Edu Confirms Authorising Payment of N585 Public Funds into Private Accounts The Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, has...
Stacks of Dollar Bills, Dollar

Five States, FCT Attract $654.65m Foreign Investments

Five States, FCT Attract $654.65m Foreign Investments   Five states and the Federal Capital Territory, Abuja, attracted a total of $655.4 million as capital importation in...
Latest News
FG Seeks $10bn to Improve Liquidity in FX MarketCargo Clearance Exchange Rate Raises to N1,605/$Hope Spring: Providing Succour to the Needy in Trying TimesKaduna: 4,000 SMEs to Benefit from N4.2bn InterventionCBN’s N22.7tr Overdraft to Govt will be Audited – Wale EdunSenate Investigates N30trn Ways and Means Under Previous AdministrationsCBN, ONSA Partner to Combat Illicit Activities in FX MarketEconomic Hardship: Customs Set to Distribute Seized Food ItemsTinubu Appoints New Boss for NFIUReduce Price or we Open Border for Importation - FG Threatens Cement ManufacturersCardoso, Forex Crisis and the Limit of Armchair Criticism, by Abdulrahman AbdulraheemMore Hardship For Nigerians As Naira Hits Record Lows, Stocks PlungeCost of Living: NLC, TUC Mobilize For Protest As Fuel Queues ReturnEU To Invest €37m In Nigeria’s Power SectorCement: FG, Manufacturers Agree to Peg Price at N7,000 - N8,000
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