admin33 banks raise N4.65tn as recapitalisation ends – CBN
The Central Bank of Nigeria on Wednesday said 33 banks have met new minimum capital requirements under its recapitalisation programme, raising a combined N4.65tn to strengthen the financial system.…
Senate approves Tinubu’s $6bn loan request
The Senate has expeditiously approved the request of President Bola Tinubu to go for external loans totalling $6 billion. The approval came barely three and a half hours after…
BREAKING: Tinubu seeks Senate’s approval to borrow $6bn
President Bola Tinubu has written the Senate seeking approval to borrow $6 billion. In a letter to the President of the Senate, Senator Godswill Akpabio, which was read on…
IMF raises concern over global inflation, output over Iran war
The International Monetary Fund said on Thursday it was monitoring the impacts of the war in Iran on global inflation and output, but that no countries had so far…
FULL SPEECH: Tinubu projects lower inflation, stronger growth in 2026 New Year address
President Bola Tinubu on Thursday said 2026 would mark the beginning of a more robust phase of economic growth for Nigeria, citing moderating inflation, improved foreign reserves, rising investment…
Nigeria’s inflation eases to 14.45% in November, says NBS
Nigeria’s headline inflation rate eased further in November 2025 as consumer price pressures moderated under the new base year, according to the latest Consumer Price Index report released by…
AfDB approves $500m loan for Nigeria
The Board of Directors of the African Development Bank (AfDB) Group has approved a 500 million dollars loan to Nigeria. The loan is to enable the Federal Government to…
CBN retains interest rate at 27%
The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) has retained the country’s monetary policy rate (MPR) at 27 percent. Olayemi Cardoso, CBN’s governor, announced at…
Nigeria’s inflation rate drops to 16.05%
The National Bureau of Statistics has said that Nigeria’s headline inflation rate dropped to 16.05 per cent in October 2025. The NBS disclosed this in its Consumer Price Index…
UN names Nigeria, Mali among 16 hunger crisis hotspots
Two UN food agencies warned on Wednesday that millions more people around the globe could face famine, with funding shortfalls worsening already dire conditions. The joint report from the…
Senate approves Tinubu’s N1.15tn domestic loan fill 2025 budget gap
The Senate has approved President Bola Tinubu’s request to raise N1.15 trillion from the domestic debt market to cover the unfunded portion of the 2025 budget deficit. The approval…
Only 44% of social benefits reach poor Nigerians –W’Bank
Despite billions of naira spent yearly to cushion hardship, a new World Bank report says Nigeria’s social safety-net programmes are failing to reach those who need them the…
Tinubu Seeks Fresh ₦1.15trn Domestic Loan To Fund 2025 Budget Deficit
President Bola Tinubu has requested the approval of the National Assembly for a fresh ₦1.15 trillion borrowing from the domestic debt market to help finance the deficit in the…
Reps approve Tinubu’s $2.35bn external loan request
The House of Representatives on Wednesday approved President Bola Tinubu’s request to secure a total of $2.347bn from the international capital market to part-finance the 2025 budget deficit and…
Report: Nigeria’s GDP per capita fell 66% in 2024, pushed 65m people into poverty
Nigeria’s gross domestic product (GDP) per capita fell by 66 percent in 2024, pushing more than 65 million people into poverty, according to a report by Quartus Economics. The…
