Capital Market's GDP Contribution Now 33% with N68.83trn Growth   The contribution of the capital market to Nigeria’s Gross Domestic Product has increased from 13 per cent in April 2024 to about 33 per cent, according to the Director-General of the Securities and Exchange Commission, Dr...

Fresh Loans Push FG's Domestic Debt to N77trn   The Federal Government’s domestic debt rose by N7.40tn within nine months, driven largely by fresh issuances of FGN bonds and higher Treasury Bills, data obtained from the Debt Management Office has shown. Figures from the DMO indicate that...

GenCos Reject Presidency's N2.8trn Debt Deal   The Association of Power Generation Companies (GenCos) has firmly rejected claims by Presidency sources that N2.8tn constitutes a newly verified and final settlement of legacy debts owed to electricity generation companies, describing the assertion as inaccurate and misleading. In a...

FG Pushes 70% of 2025 Capital Budget to 2026   The Federal Government has said it will implement 30 per cent of the 2025 capital budget before the end of November, as part of measures to fast-track project execution and clear outstanding obligations. It also stated that...

FG Eyes $1bn Investment, 500,000 Jobs in Mining Sector Boost   The Federal Government has projected that the mining sector would raise employment from the current 0.3 per cent to 500,000 jobs by 2030 amid expectations of attracting $1bn in foreign direct investment annually by 2025. The...

Banks, Telcos Settle N300bn USSD Debt Dispute After 4 Years   Banks and telecommunications operators in Nigeria have ended a four-year dispute over nearly N300bn owed for Unstructured Supplementary Service Data services, with the debt now fully cleared, the Association of Licensed Telecommunications Operators of Nigeria...