Revenue-generating Agencies Owe FG N2.9trn-FAAC
The federal account allocation committee (FAAC) has disclosed that some revenue-generating agencies (RGAs) owe the federal government over N2.9 trillion....
Thursday, October 9, 2025
Lead-In
Food Crisis: Nigeria Records 95% Surge In Food Imports Bill
The fact that Nigeria’s food import bill has reached unprecedented heights, signals a significant challenge for the nation’s economy and...
AfDB Launches Program To Manage African Debt Crises
The African Development Bank (AfDB) Group has launched a comprehensive training initiative aimed at supporting 22 transitional or fragile African...
Nigerians Withdraw N14.2bn From Pension Funds Amid Job Losses
The National Pension Commission (PenCom) has authorised the disbursement of N14.2 billion to 8,651 Nigerians who faced temporary job loss...
Delisting: Unregistered Loan Apps Shift To APK
In response to the Federal Competition and Consumer Protection Commission (FCCPC) delisting 47 unregistered loan apps from the Google Play...
CBN Monetary Tightening May Not Curb Nigeria’s Inflation – World Bank
The World Bank has stated that monetary policy tightening by the Central Bank of Nigeria (CBN) may not rein in...
Nigeria’s Staple Food Prices Surge By 141% In One Year
Nigerian households are facing significant economic pressure as staple food prices have surged dramatically over the past year. According to...
Nigeria: US Lawmakers Demand Biden Secures Release Of Binance Executive
US lawmakers have accused the Nigerian government of holding Tigran Gambaryan, a Binance executive, “hostage.” In a report by Bloomberg...
FX Reforms Vital For Nigerian Foreign Investments – Fitch
Fitch Ratings, a leading global credit rating agency, has stressed the critical importance of ongoing foreign exchange (FX) reforms in...
Federal Revenue Projection Drops By N3.89trn Amid Oil Shortfall
The federal government’s revenue target for 2024 is anticipated to decrease by N3.89 trillion as a consequence of crude oil...
