CBN Holds Interest Rate at 26.5 Per Cent
The Central Bank of Nigeria (CBN) has decided to keep the Monetary Policy Rate (MPR) at 26.5 per cent after the 306th Monetary Policy Committee (MPC) meeting held in Abuja…
FG Rejects Claims of ₦80tn New Debt
The Federal Government has dismissed claims that the Tinubu administration borrowed ₦80 trillion within the last three years, describing the figure as misleading and based on accounting adjustments rather than…
FG Launches $3.5bn Social Investment Drive
The Federal Government has unveiled a $3.5 billion social investment package, backed by the World Bank, to reduce poverty, strengthen human capital, and promote inclusive economic growth across Nigeria. The…
AERE Urges Reforms to Revive Manufacturing
The Alliance for Economic Research and Ethics (AERE) has called for urgent reforms to strengthen Nigeria’s manufacturing sector after a sharp decline in manufacturing tax revenue during the first quarter…
Video: Rufai Oseni Laments Nigeria’s Rising Debt Burden
Popular television host Rufai Oseni became emotional on Friday as he spoke about the condition of Nigeria’s economy, expressing deep concern over the country’s growing dependence on borrowing. During the…
Experts Say Lower Inflation Doesn’t Mean Lower Prices
Economic experts have advised Nigerians not to mistake the recent decline in the country’s headline inflation rate as proof that the prices of goods and services are falling. They explained…
Shettima Urges Investment in Agriculture and Maritime Economy
Vice President Kashim Shettima has said Nigeria has all the resources required to become one of the world’s wealthiest nations if it fully develops its agricultural and maritime sectors. Speaking…
TCN Expands Grid to Boost Rail and Power Supply
The Transmission Company of Nigeria (TCN) has stepped up efforts to improve the country’s electricity network by partnering with the Federal Ministry of Transportation to connect the Kano Railway Station…
Delta State Grows Revenue Through Economic Diversification
The Delta State Government has announced a significant rise in its Internally Generated Revenue (IGR), increasing collections from about ₦84 billion in 2023 to more than ₦200 billion. The government…
Ogbuagu Urges More Road Road Infrastructure Development
Retiring Director of Highways Construction and Rehabilitation at the Federal Ministry of Works, Engr. Clement Ogbuagu, has urged the Federal Government to increase investment in the road sector, describing it…
