admin
- Economy , Insecurity , Terrorism
- June 10, 2025
- 298 views
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…
More Nigerians Expected To Fall Into Poverty By 2027 – World Bank
Despite Nigeria’s resources-rich status, more of the county’s citizens are expected to sink into poverty by 2027, the World Bank Group has said. This is contained in the World…
Jollof rice now costs N25,486 per pot — Report
The cost of cooking one pot of jollof rice in Nigeria has jumped from N21,300 in September 2024 to N25,486 in March 2025. This is about a 19 per…
Tinubu’s economic reforms yet to ease poverty in Nigeria — IMF
The International Monetary Fund said on Friday that the Nigerian government’s tough economic reforms have yet to benefit the average citizen, nearly two years after their introduction. After assuming…
Nigeria’s inflation rate soars to 24.2%
The National Bureau of Statistics (NBS) says Nigeria’s inflation rate edged up to 24.23 percent in March. The NBS announced the increase in its consumer price index (CPI) for…
Blackout looms in Nigeria over N4trn debt
Power generation companies, GenCos, on Monday, warned that power plants across the country were facing imminent shutdown over a huge N4 trillion debt owed by the Federal Government. The…
FEC orders full implementation of naira-for-crude deal
The Federal Executive Council has officially directed the full implementation of the suspended Naira-for-Crude agreement with local refiners. The Ministry of Finance disclosed this on its official X handle…
Tinubu’s aide defends soaring Naira, claims N2,500 can get Nigerian a meal in Lekki
Tope Fasua, special adviser on economic affairs in the office of the vice president, says concerns over naira value and poverty are misunderstood. Fasua was clarifying an earlier remark…
CBN Spends $669m To Defend Naira In Q1 2025 — Report
The Central Bank of Nigeria (CBN) deployed approximately $669 million in foreign exchange (FX) interventions during the first quarter of 2025. A report by investment firm, AIICO Capital Limited,…
