adminConsumers Pay More As Prices Of Eggs, Beans, Local Rice, Others Rise In March
Consumers paid more for food items in March 2026, as prices of eggs, beans, local rice, garri, and others rose, according to a report by the National Bureau of…
Nigeria’s debt to World Bank surged by $2.08bn in 2025 – Report
Nigeria’s debt to the World Bank rose by $2.08bn in one year to $19.89bn as of December 31, 2025, according to an analysis of external debt stock data released…
Senate Approves Tinubu’s $516m Loan Request
The Senate has approved a $516 million syndicated loan request by President Bola Tinubu to fund the construction of Section 1, Phases 1A and 1B of the Sokoto–Badagry…
Why are we still borrowing after subsidy removal?’ – Sanusi queries FG
Emir of Kano, Muhammadu Sanusi II, has raised fresh concerns over the Federal Government’s growing debt profile, questioning the rationale for continued borrowing despite the removal of petrol subsidy.…
CBN increases ATM card issuance fee to N1,500, scraps maintenance charge
The Central Bank of Nigeria (CBN) has increased the fee for the issuance or replacement of debit and credit cards from N1,000 to N1,500. The upward adjustment is part…
Pascal Arogorn Ibe
- Economy
- April 23, 2026
- 65 views
BREAKING Tinubu seeks Senate approval for fresh $516m loan
President Bola Tinubu has written to the Senate, seeking approval to borrow a fresh $516,333,070 loan.
Nigeria’s Inflation Climbs To 15.38% In March
Nigeria’s headline inflation rate rose to 15.38% in March 2026, reflecting a modest increase from the 15.06% recorded in February. This is according to the latest data from…
33 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…
