GenCos Raises Alarm Over Exclusion from FG's N4trn Debt Verification Process
The Association of Power Generation Companies (GenCos) has raised concerns over their exclusion from the Federal Government’s ongoing debt verification and reconciliation process, which seeks to address the N4tn owed to generation companies in...
Bank Credit to Private Sector Declines to N75.83trn
Bank credit to Nigeria’s private sector fell to N75.83tn in August 2025, the lowest level recorded this year, according to the Central Bank of Nigeria’s latest money and credit statistics.
The figure represents a 0.4 per cent decline...
Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has said Nigerians who earn income from sex work and other activities often considered “illegitimate” will be liable to pay taxes under the country’s new fiscal regime.
Federal Inland Revenue Service has explained that the government’s reforms exempt food, education, shared transportation, and agriculture from value-added tax.
How 20 Governors Borrowed N458bn Amid Rising Debts
No fewer than 20 states of the federation borrowed about N458bn in the first half of 2025, findings have revealed.
This comes against the backdrop of a soaring external debt servicing burden gripping state governments.
Collectively, the states spent...
