Economy
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Nigeria loses $56bn to malnutrition annually — FG
The Federal government says Nigeria loses about $56 billion annually to malnutrition. Minister of Budget and Economic Planning, Sen. Abubakar…
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Breaking: Tinubu signs N54.99trn 2025 Budget into law
ABUJA – President Bola Tinubu has signed the 2025 Appropriation Bill of ₦54.99 trillion into law. The signing ceremony took…
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Nigerians displaced as rents double in inflation-hit Lagos
Nigeria’s economic crisis is hitting renters in Lagos hard as landlords pass down the costs of spiralling inflation — pushing…
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Record N1.7 Trillion Windfall: FAAC Pours Funds into Government Coffers
The Federation Account Allocation Committee (FAAC) has disbursed a staggering N1.703 trillion to the three tiers of government for February…
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Power Sector Grapples with N4 Trillion Debt, Fueling Industry Exodus
A staggering N4 trillion debt burden is crippling Nigeria’s power sector, prompting manufacturers to abandon the national grid and raising…
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NACCIMA, OPS to NASS: Remove sections of tax bill that imposes taxes on FTZ
The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture, NACCIMA, and the Organized Private Sector of Nigeria, OPSN,…
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ASUU to NASS: Protect TETFund from abrogation under Nigeria Tax Bill 2024
Abuja—The Academic Staff Union of Universities, ASUU, has prayed the National Assembly to do all within its capacity to protect…
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Naira depreciates to N1,502/$ in parallel market
The Naira yesterday depreciated to N1,502 per dollar in the parallel market from N1,500 per dollar on Monday. However, the…
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Consumer Credit Surge: Nigerians Borrowing Hits N4.42 Trillion
In a notable economic shift, Nigeria’s consumer credit outstanding surged by a substantial 26.29%, reaching N4.42 trillion in November 2024,…
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Loan App Surge: 380 Lenders Approved, Consumer Fears Grow
The landscape of digital lending in Nigeria is undergoing a dramatic transformation, with the number of approved loan app soaring…
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