Tinubu Defends $21.7 Billion Borrowing Push, Ties Loans to $1 Trillion Economy Goal
President Bola Tinubu has defended his administration’s planned external borrowing, arguing that loans should be judged by the infrastructure they ...
Tag: Tinubu
Tinubu Seeks Senate Nod for $20.52 Billion and €1.05 Billion External Borrowing Plan
President Bola Tinubu has asked the Senate to approve a supplementary external borrowing plan of $20.52 billion and €1.05 billion ...
World Bank Ties $500 Million Loan to Nigeria’s Reform Progress
The World Bank has attached clear conditions to a $500 million development loan for Nigeria under the Nigeria Actions for ...
7% Economic Growth Ambition Hinges on Currency Calm and Cheaper Food
The Federal Government is setting a markedly higher growth target than external forecasters, aiming for 7 per cent expansion on ...
Tinubu Sets 20–25% Manufacturing Share of GDP Target by 2030
President Bola Tinubu has pledged to raise manufacturing’s contribution to Nigeria’s gross domestic product to between 20 and 25 per ...
FG Raises N748.64 Billion from FGN Bonds as Borrowing Rates Ease
The Federal Government raised N748.64 billion from its September 2026 domestic bond auction, with investors showing strong demand for both ...
Foreign Reserves Climb $12.76 Billion in a Year, Gain $708 Million in September
Nigeria’s gross foreign exchange reserves rose by $12.76 billion year-on-year to $54.61 billion as of 14 September 2026, reinforcing the ...
United States Lifts 12-Year Security Restriction on Nigerian Vessels
The United States Coast Guard has lifted the Condition of Entry imposed on vessels that called at Nigerian ports, ending ...
Food Inflation Climbs to 20.31% in July, Marking Fifth Straight Monthly Rise
Nigeria’s food inflation rate rose to 20.31 per cent in July from 17.52 per cent in June, an increase of ...
NRS Chairman: Ending Fuel Subsidy Averted N53 Trillion Bill and Naira Crash to N3,500
The petrol subsidy could have drained as much as N53 trillion from government coffers under present market conditions and driven ...
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