UN Slashes 2026 Humanitarian Appeal to $23 Billion Amid Funding Crisis
The United Nations has drastically reduced its humanitarian funding request for 2026 to $23 billion, roughly half of its 2025...
Central Bank Urged to Scrap Outdated Bank Reference Requirement for Account Opening
A growing chorus of voices within Nigeria’s financial sector is calling on the Central Bank of Nigeria (CBN) to abolish...
FG Clears N185bn Gas Debt in Major Push to End Nigeria’s Electricity Woes
President Bola Tinubu has given the green light for the Federal Government to wipe out N185 billion in overdue payments...
Nigeria’s 2026 Fiscal Blueprint: A N20tn Borrowing Gap Looms Large Amid Debt Crunch
In a move that's got economists scratching their heads and households bracing for tougher times, Nigeria's Federal Executive Council has...
Nigerian Contractors Block Finance Ministry Gates Again, Demand Immediate Payment of Over ₦500bn Debt
Hundreds of local contractors stormed the Federal Ministry of Finance in Abuja on Tuesday morning, barricading both entrances and vowing...
Debt Burden Crosses N152 Trillion as Domestic Borrowing Outpaces External Obligations
Nigeria’s total public debt stock breached the N152-trillion mark for the first time, reaching N152.39 trillion at the end of...
Abuja Federal High Court Overturns N5.3 Billion Tax Ruling Against AEDC, Cites Likelihood of Bias
Justice Umar Mohammed of the Federal High Court in Abuja has nullified a Tax Appeal Tribunal decision that ordered Abuja...
Nigeria Suspends Pioneer Status Applications Ahead of New Tax Incentive Regime
The Federal Government has officially closed the window for new applications under the Pioneer Status Incentive (PSI) scheme effective 10...
Nigeria’s October FAAC Payout Dips to N2.09tn as VAT Collections Fall Sharply
Nigeria’s three tiers of government shared N2.094 trillion from the Federation Account in October 2025, recording a slight 0.43 per...
Nigeria’s FATF Grey List Exit Propels Naira to 10-Month Peak, Reserves Top $43 Billion
Nigeria's departure from the Financial Action Task Force (FATF) grey list has triggered a surge in the naira, pushed foreign...
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