adminNNPC denies importing 200m litres of petrol in February
The Nigerian National Petroleum Company (NNPC) Limited has denied importing 200 million litres or any volume of premium motor spirit (PMS) in 2025. On February 13, a publication claimed…
N’Assembly adjusts 2025 budget, raises recurrent expenditure
The National Assembly has rescinded some items in the 2025 Appropriation Bill passed by the Senate and House of Representatives last week after detecting errors in the line items…
Nigeria’s inflation dropped to 24.48%
The National Bureau of Statistics has disclosed that Nigeria’s headline inflation was 24.48 per cent in January 2025 following the rebasing of the consumer price index. This was disclosed…
Ditch foreign aid or remain trapped — Okonjo-Iweala warns African leaders
The Director-General, World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has called on African leaders to stop relying on foreign aids and focus on mobilising domestic resources to attract investments…
NASS Passes ₦54.99trn 2025 Budget
The National Assembly on Thursday passed the ₦54.99trn 2025 Appropriation Bill. The bill was passed separately by the Senate and the House of Representatives. A breakdown of the budget…
NLC orders boycott of MTN, Airtel, Glo over tariff hike
The Central Working Committee of the Nigerian Labour Congress has directed workers and other willing citizens to boycott services of telecommunications giants such as MTN, Airtel and Glo…
Tinubu asks n’assembly to increase 2025 budget from N49trn to N54trn
President Bola Tinubu has asked the national assembly to increase the proposed 2025 budget to N54.2 trillion. Tinubu had asked the national assembly to approve N49.7 trillion for the…
Tinubu Inherited N87.38trn Debt — Official
The Debt Management Office (DMO) has said President Tinubu inherited a total of N87.38 trillion debt upon assumption of office. President Tinubu took office on May 29, 2023. The…
N8bn budget allocation for anti-vandalism advocacy, says Adelabu
The Minister of Power, Adebayo Adelabu, has reassured Nigerians of his commitment to delivering a stable electricity supply, stating that efforts are ongoing to improve the country’s power infrastructure. Adelabu…
FG spent N9.74bn on food palliatives – Report
The Federal Government has spent a total of N9.74bn on the procurement and distribution of food items as part of efforts to mitigate the impact of the food crisis across…
FG, States, LGAs Share ₦1.424tn FAAC Revenue In December 2024
A total sum of ₦1.424 trillion, being December 2024 Federation Accounts Revenue, has been shared among the Federal Government, States and Local Government Councils. The revenue was shared at the…
Reforms: World Bank Projects Economic Growth For Nigeria In 2025, 2026
The World Bank has projected 3.6 per cent average economic growth for the Nigerian economy between 2025 and 2026 following ongoing reforms by the Federal Government. The global bank stated…
Nigeria’s inflation hit 34.80% in December – NBS
The National Bureau of Statistics has reported that Nigeria’s inflation rate rose to 34.80% in December 2024, reflecting a slight increase from the 34.60% recorded in November. According to the…
N’assembly panel queries FRSC for ‘generating N5.2bn but remitting N1.9bn
The national assembly joint committee on finance has queried the Federal Road Safety Corps (FRSC) for allegedly generating N5.2 billion but only remitting N1.9 billion to the coffers of the…
Inflation May Drop To 27% By December — Report
Nigeria’s headline inflation rate is projected to average 30.5% year-on-year in 2025 and settle at 27.1% by December 2025. According to the latest NESG-Stanbic IBTC Business Confidence Monitor report, the…