adminFG to offer petrol discount at NNPC filling stations for next 30 days
The federal government says it will offer a discount on petrol dispensed at the filling stations of the Nigerian National Petroleum Company (NNPC) Limited for the next 30 days.…
Workers declare three-day warning strike
Public service workers under the Joint National Public Service Negotiating Council have declared a three-day warning strike from October 2 to 4, 2026, over what they described as worsening…
Nigeria seeks fresh $1.5bn World Bank loan
Nigeria has opened discussions with the World Bank for three new loans totalling $1.5bn, even as Nigeria’s public debt climbed to a record N166.79tn at the end of June…
FG won’t publish details of $5bn Abu Dhabi loan — Oyedele
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has rejected calls for the Federal Government to publish details of how it plans to spend funds…
16 million Nigerians to face hunger crisis by January 2027 – Report
At least 16.99 million Nigerians will face acute hunger by January 2027, the latest projections by the Famine Early Warning Systems Network show. The figures are contained in FEWS NET’s…
US imposes 12.5% tariff on Nigerian imports over forced labour claims
The United States has imposed a 12.5 per cent tariff on imports from Nigeria as part of a new trade measure targeting countries it says have failed to prohibit…
IMF: Rising cost of essentials to push more Nigerians into poverty
The International Monetary Fund, IMF, has warned that rising prices of essential goods will deepen poverty and food insecurity in Nigeria despite improved macroeconomic stability, even as it maintained…
FG says IMF’s off-budget spending claim inaccurate
The federal government says the International Monetary Fund’s (IMF) claim that Nigeria omitted some public spending from recent budgets is inaccurate and misleading the public regarding the government’s financial…
World Bank approves $1.25bn financing to support reforms, expand energy access in Nigeria
The World Bank has approved a $1.25 billion development policy financing (DPF) operation for Nigeria to support reforms aimed at accelerating investment, creating jobs and sustaining economic growth. The…
World Bank rewards states with $27m for reforms
Five states will receive a combined $15 million in performance-based incentives under the World Bank-supported HOPE Governance Programme after emerging as the best-performing states in the implementation of key…
Petrol Price Rises By 55% To N1,596/Ltr In May — NBS
The average retail price of Premium Motor Spirit, commonly known as petrol, rose by 55.31% year-on-year to N1,596.25 per litre in May 2026, from N1,027.76 recorded in May 2025.…
Nigeria’s inflation rose to 15.93% in May – NBS
Nigeria’s inflation rate rose to 15.93 per cent in May 2026. This marked the third consecutive monthly increase in the annual inflation rate as food prices continued to pressure…
CBN bans linked financial entities from extending loans to each other
The Central Bank of Nigeria, CBN, has banned closely linked financial entities from extending loans or guaranteeing the obligations of one another without the bank’s prior approval. The apex…
IMF official warns Nigeria against $5bn borrowing plan with UAE bank
The International Monetary Fund (IMF) has cautioned Nigeria over its plan to borrow up to $5 billion through a derivatives agreement with First Abu Dhabi Bank of the United…
Cost of healthy diet per day hit N1,513 in February – NBS
The National Average Cost of a Healthy Diet (CoHD) per adult a day stood at N1,513 as at February, the National Bureau of Statistics (NBS) has said. The NBS…
