Speaker of the House of Representatives, Dr. Abass Tajudeen, has expressed concern over Nigeria’s public debt profile, which was ₦149.39 trillion, approximately US$97 billion, as of the first quarter of this year. Domestic borrowing accounts for 53 per cent, while external borrowing makes up 47 per cent.

Nigeria’s power sector faces a deepening financial crisis that could push the Federal Government’s liabilities to about N6.2 trillion by the end of 2025, amid the rapid exit of premium customers from the national grid.

The Nigeria Customs Service Board (NCSB) has approved a $300 duty-free limit for imports, a new policy that takes effect on 8 September.

The Dangote Petroleum Refinery has denied a report that it could shut its petrol unit for two to three months. The spokesman of the Dangote Group, Anthony Chiejina, described the report as “fake”.

The Nigeria Labour Congress and federal government workers have demanded an urgent review of the national minimum wage, insisting that the current ₦70,000 is no longer sustainable.

The Federal Government has appealed to the National Union of Petroleum and Natural Gas Workers (NUPENG) and the Nigeria Labour Congress (NLC) to shelve their planned nationwide strike against the Dangote Group, urging that dialogue remains the most effective way to resolve the dispute.