Financial

The Senate on Tuesday approved President Bola Ahmed Tinubu’s request for external borrowing plan of over $21 billion for the 2025–2026 fiscal cycle.

Electricity Subsidy Surges by 220%, Reaches Almost N2trn   The Federal Government’s electricity tariff subsidy jumped from N610bn in 2023 to N1.94tn in 2024. This represents a 219.67 per cent increase in yearly subsidy funding, despite the Band A tariff hike of April 2024. The Nigerian Electricity...

NELFUND Disburses Over ₦73 Billion in Student Loans as Beneficiaries Hit 366,000 The Nigeria Education Loan Fund (NELFUND) has recorded significant milestones in its student loan disbursement scheme, with over ₦73 billion disbursed to Nigerian students since the launch of its loan portal on May...

The Securities and Exchange Commission (SEC) has warned Nigerians about the activities of Forsman & Bodenfors Limited, also known as F&B.

The Federal Government may lose as much as 0.5 per cent of the country’s Gross Domestic Product in revenue following its decision not to raise the Value Added Tax rate, the International Monetary Fund has disclosed.

Senate Summons NNPC Boss Over Alleged N210trn Missing Funds   The Senate on Thursday ordered the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL) Bayo Ojulari, to appear before its Public Accounts Committee over unresolved financial infractions amounting to N210tn. The lawmakers expressed...