Only 20% of N25trn 2024 Budget Goes to Capital Projects
The Federal Government has spent just N4.99tn – only 20 per cent of its total N24.91tn budget – on capital projects in 2024, leaving the country’s infrastructure needs largely underfunded.
Despite a significant rise in government...
Nigeria’s broad money supply declined for the second time this year, falling slightly to N119.01tn in May 2025, according to fresh data from the Central Bank of Nigeria (CBN).
The chairman of the senate committee on appropriations, Solomon Adeola, says Nigerians earning N800,000 or less annually will no longer pay personal income tax under the new tax reform laws signed by President Bola Tinubu.
CBN Reports $3.73bn Current Account Surplus for Nigeria in Q1 2025
The Central Bank of Nigeria (CBN) has reported a current account surplus of $3.73 billion for the first quarter of 2025, citing growth in non-oil and gas exports as key drivers. The figure reflects...
Nigeria, Conflict-Affected Economies Face Growing Extreme Poverty Crisis - World Bank
The World Bank has warned that extreme poverty is growing rapidly in Nigeria and 38 other economies affected by conflict and instability, worsening hunger and pushing development goals further out of reach.
The bank made...
