Nigeria, Africa's Debt Servicing Costs Hit $74bn – AfDB
Nigeria and other African countries require about $74bn for debt servicing this year amid increasingly limited access to affordable liquidity, the Vice President and Chief Economist, Economic Governance and Knowledge Management, African Development Bank Group, Prof...
FEC Approves 2025 Budget Proposal as Tinubu Prepares to Present
The Federal Government on Monday approved the 2025 budget proposal. This follows the Senate’s endorsement of the Medium-Term Expenditure Framework 2025 – 2027 on November 22.
President Bola Tinubu will present the proposed N47.96tn budget to...
Tax Reforms Bill have not Addressed Nigeria’s Regional Uniqueness – Report
A recent survey by SBM Intelligence alleges that the federal government’s proposed tax reforms fail to account for the unique characteristics of certain Nigerian regions.
The report, however, admits that the reforms aim to reduce...
Fact-Check: No Inheritance Tax in Tinubu's Tax Reform Bill, Says PRNigeria
PRNigeria has debunked claims that inheritance tax has been introduced into President Bola Ahmed Tinubu’s Tax Reform Bill to target Muslims. The assertion, which gained traction on social media platforms, particularly WhatsApp, was based...
Senate Threatens Non-performing Agencies Over 2025 Budget
The Senate, through its Finance Committee, has issued a stern warning to government agencies, threatening zero allocation in the 2025 budget for those failing to appear before it to account for funds allocated in the 2024 fiscal year.
During...
Loans to Government Now N42trn – CBN
Data from the Central Bank of Nigeria (CBN) has shown that credit to the public has expanded at a faster rate than credit to the private sector in the past year.
According to the Money and Credit Statistics data...
