The World Bank is set to approve three major loan projects for Nigeria in 2025, amounting to $1.65 billion, as part of its efforts to […]
Category: Economy
Economy
Federal Government Approves N47.96 Trillion Budget for 2025 Amid Fiscal Sustainability Push
The Federal Executive Council (FEC) has approved a projected expenditure of N47.96 trillion for the 2025 fiscal year, with a strong focus on balancing revenue, […]
Nigeria’s Borrowing Soars: Federal Government Faces Debt Sustainability Challenges
The Federal Government of Nigeria is set to exceed its 2024 domestic borrowing target by a staggering 67%, as data reveals borrowing has already hit […]
Banks Ration Cash as Scarcity Hits Nigerians Again
Banks across Nigeria have resumed cash rationing, limiting withdrawals through Automated Teller Machines (ATMs) and over-the-counter (OTC) transactions as the country faces a resurgence of […]
PETROAN Partners with Dangote Refinery to Ensure Fuel Availability During Yuletide
The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has reached a strategic agreement with Dangote Refinery and Petrochemicals to ensure the uninterrupted availability […]
League of Northern Democrats Forms Expert Panel to Review Tax Reform Bills
The League of Northern Democrats (LND), led by former Kano State Governor Senator Ibrahim Shekarau, has constituted a technical committee to critically evaluate the four […]
29 States Spend N1.994tn on Recurrent Costs in Nine Months Amid Revenue Deficit
State governments in Nigeria spent a staggering N1.994 trillion on recurrent expenditures in the first nine months of 2024, including refreshments, sitting allowances, travel, and […]
Sanwo-Olu Denies Lagos Will Benefit Most from Proposed Tax Reform Bills
Governor Babajide Sanwo-Olu of Lagos State has dismissed allegations that the state stands to gain the most from the proposed tax reform bills, urging Nigerians […]
Fire Razes Bayan Tasha Market in Damaturu, Properties Worth Millions Lost
Traders at the Bayan Tasha market in Damaturu, Yobe State, were left devastated after an early-morning fire destroyed properties worth millions of naira, plunging the […]
Port Harcourt Refinery Resumes Operations After Years of Delays
The Port Harcourt Refinery, a key facility in Nigeria’s oil sector, has officially resumed production, marking a significant milestone after years of stalled rehabilitation, missed […]