The Silent Budget Crisis: Why Nigeria’s 2025 Fiscal Year Hangs in the Balance
Barely 48 days to the end of 2024, Nigeria’s 2025 budget remains conspicuously absent. This delay—already 44 days beyond the...
NNPC Announces Plans to Build 12 New Fuel Stations, Aims to Lower Fuel Prices
The Nigerian National Petroleum Company Limited (NNPC) has unveiled plans to establish 12 new Compressed Natural Gas (CNG) and mini-Liquefied...
Nigeria’s Domestic Debt for States and FCT Rises by N198.96 Billion in Three Months
The domestic debt of Nigeria's 36 states and the Federal Capital Territory (FCT) increased by N198.96 billion within the last...
Federal’s Budget Deficit Rises to N4.53 Trillion Amid Revenue Challenges
Federal government reported a fiscal deficit of N4.53 trillion in the second quarter of 2024, up from N3.88 trillion in...
Kenya’s Central Bank Fines UBA for Breaching Capital Requirements
The Central Bank of Kenya (CBK) has penalized United Bank for Africa (UBA) Kenya for failing to meet critical capital...
FG Proposes 25% Tax on High Earners in New Bill
The Federal Government is planning to introduce a 25% personal income tax on Nigerians earning over N100 million annually, according...
NNPCL Pledges 8 Million Barrels Monthly to Service $8.8 Billion Crude-for-Loan Debt
The Nigerian National Petroleum Company Limited (NNPCL) has committed 272,500 barrels of crude oil per day, amounting to 8.17 million...
Nigeria’s Debt Rises by $6.65 Billion Under Tinubu as Government Seeks New Loan
Nigeria’s debt continues to grow under President Bola Tinubu, with the government set to receive another $1.7 billion loan from...
Nigerians Face Fuel Price Hike as Dangote Refinery Petrol Hits N950 Per Litre
Hopes for a reduction in petrol prices following the commencement of supply from Dangote Refinery were dashed yesterday, as NNPC...
Nigeria’s Financial Sector Surges 30% in First Half of 2024
Nigeria's financial sector has rebounded strongly, recording a substantial growth of over 30% in the first half of 2024, according...
