•Economic strain blamed for unsustainable power subsidy levels •36 governors reject amendment to Electricity Act The Federal Government’s electricity tariff subsidy jumped from N610bn in 2023 to N1.94tn in 2024, The
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As of the end of the first half of 2025, at least five banks have met the new capital thresholds issued by the Central Bank of Nigeria. They include Access
At least 10 Nigerian states collectively increased their domestic debt by N417.7bn year-on-year, despite a significant rise in revenue allocations from the Federation Account Allocation Committee, a review of official
Nigerians earning less than N250,000 monthly will be exempt from income tax under new laws, according to Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms.
The African Export-Import Bank has revealed that Nigeria loses an estimated $1.1bn annually to medical tourism, a trend it described as a significant drain on the country’s foreign exchange and
The Nigerian National Petroleum Company Limited on Thursday failed to appear before the Senate Committee on Public Accounts probing alleged financial discrepancies amounting to over N210tn in its audited reports
A new African-led credit rating agency is set to begin operations by the end of September, in a move designed to challenge the dominance of established global firms and provide
The Minister of Art, Culture, Tourism, and the Creative Economy, Hannatu Musa Musawa, has reiterated the commitment of the Federal Government to partner with the 36 states of the federation
The Naira ended the trading week on a positive note, recording a bullish close on Friday at the official foreign exchange market. It appreciated N1,598.72 against the U.S. Dollar, reflecting
The National Association of Nigerian Students has commended the Joint Admissions and Matriculation Board for transparency in handling the glitches that affected the 2025 Unified Tertiary Matriculation Examination. In a
