Amid economic hardship, Nigerians are defying odds to travel home for Christmas and New Year celebrations, despite skyrocketing transport costs. Luxury buses that charged ₦23,000 […]
Category: Economy
Economy
Dangote Refinery Slashes Fuel Price to N899.50, Offers Festive Credit Scheme
As the holiday season approaches, Dangote Refinery has reduced the price of Premium Motor Spirit (PMS) to N899.50 per litre, providing much-needed relief to Nigerians […]
Tinubu Unveils 2025 Budget
President Bola Ahmed Tinubu on Wednesday presented the 2025 Appropriation Bill to a joint session of the National Assembly. Titled “Budget of Restoration: Securing Peace, […]
World Bank to Decide on $1.65bn Loan Projects for Nigeria in 2025 Amid Rising Debt Service Costs
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 […]
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 […]