Nigeria missing as IMF lists Africa’s fastest-growing economies
The International Monetary Fund has revealed that Nigeria is not among Africa’s fastest-growing economies, as countries such as Benin Republic, Côte d’Ivoire, Ethiopia, Rwanda, and Uganda continue to lead…
Nigeria’s inflation rate drops to 18
The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate has dropped to 18.02 percent in September 2025. The NBS announced the increase in its consumer price index…
139 million Nigerians living in poverty despite reform gains — World Bank
The World Bank has called on Nigeria to ensure that the positive outcomes from its recent macroeconomic reforms translate into real improvements in citizens’ living standards, as new estimates…
Tinubu seeks $2.3bn external loan to cover 2025 budget deficit, others
President Bola Ahmed Tinubu has requested approval from the House of Representatives to secure approximately $2.3 billion in external borrowing to address Nigeria’s 2025 budget deficit and refinance maturing…
Account for fuel subsidy savings, SERAP urges govs, Wike
The Socio-Economic Rights and Accountability Project has demanded that all 36 state governors and the Minister of the Federal Capital Territory, Nyesom Wike, publicly disclose how they have spent…
Nigeria’s GDP grows by 4.23% in Q2 2025 – NBS
Nigeria’s real Gross Domestic Product grew by 4.23 per cent (year-on-year) in the second quarter of 2025, the National Bureau of Statistics revealed in its Q2 2025 GDP Report.…
TUC threatens nationwide strike over 5% petroleum tax
The Trade Union Congress of Nigeria (TUC) has threatened to embark on a nationwide strike if the Federal Government fails to withdraw its proposed five percent tax on petroleum…
Fuel scarcity looms as NUPENG begins nationwide strike Monday
The Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has announced that its members will commence a nationwide strike from Monday, September 8, 2025, in protest against what…
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- Economy , Insecurity , Terrorism
- June 10, 2025
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Bandit Kingpin Bello Turji Imposes N50m ‘Farming Tax’ On Zamfara, Niger Communities
Residents of several farming communities across Zamfara and Niger States have been hit with yet another wave of extortion as notorious bandit leader, Bello Turji, demanded N50 million…
FG to forfeit $10m World Bank loan over failure to meet audit standards
The federal government is expected to forfeit $10 million from a World Bank credit due to audit shortcomings, delays in launching a national budget portal, and slow implementation of…
Petrol subsidy removal yields $84bn gain, 40 roads – Report
The Federal Government has stated that the removal of the petrol subsidy by President Bola Tinubu ended a historic financial drain that cost Nigeria over $84bn and has helped…
Nigeria’s inflation rate drops to 23.7%
The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate slightly dropped to 23.71 percent in April 2025 – down from the 24.23 percent in March. NBS announced…
IMF: Nigeria has cleared $3.4bn COVID-19 loan
The International Monetary Fund (IMF) says Nigeria will pay $30 million annually as special drawing rights (SDR) charges for the loan the country obtained to mitigate the impact of…
Senate Passes Two Tax Reform Bills
The Senate has passed two out of four major tax reform bills, marking a significant milestone in the ongoing overhaul of the nation’s tax administration framework. The two bills,…
Two Million Children Malnourished In Nigeria, Second Highest Worldwide — UNICEF
The United Nations Children’s Fund has said Nigeria now stands as the country with the highest burden of malnourished children in Africa. The international agency disclosed this on its…
