adminTinubu defends Nigeria’s external loans
President Bola Tinubu has defended his administration’s borrowing from international institutions and banks, saying Nigeria needs sustained infrastructure investment to achieve its target of a $1 trillion economy by…
FG approves N70,000 monthly transport allowance for workers
The Federal Government has approved a N70,000 monthly transport allowance for public servants for six months, beginning in November, to cushion the impact of rising living costs. The approval…
Tinubu seeks n’assembly approval for $20.5bn, €1.04bn external loans
President Bola Tinubu has asked the national assembly to approve a supplementary external borrowing plan of $20.52 billion and €1.04 billion for projects and programmes across several sectors. Tinubu’s…
No Plan To Increase Electricity Tariff, FG Insists
The Federal Government has said there is no plan to increase electricity tariffs, contrary to insinuations in some quarters of a planned increase in electricity tariffs. It assured Nigerians…
Nigeria’s inflation dropped to 14.63% in September, says NBS
The National Bureau of Statistics has stated that Nigeria’s headline inflation rate declined to 14.63 per cent in September 2026, down from 15.39 per cent recorded in August. The…
IMF Warns Nigeria Against Restoring Petrol Subsidy
The International Monetary Fund (IMF) has advised the federal government against restoring a broad petrol subsidy, recommending targeted support for vulnerable households to cushion the impact of rising energy…
IMF Urges Targeted Cash Transfers For Nigeria’s Poor
The International Monetary Fund (IMF) has called for cash transfers and targeted, temporary income support for the most vulnerable households in Nigeria. The call was made as the Fund…
FG 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…
