adminWhy 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
- 98 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…
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…
