Category: Finance

Reps approve Tinubu’s request to borrow $2.35bn, issue $500m sovereign sukuk

October 30, 2025

The House of Representatives has approved President Bola Tinubu’s request to borrow $2.35 billion to finance part of the 2025 budget deficit. It also granted the President’s request to issue a $500 million debut sovereign sukuk in the international capital market to fund infrastructure projects and diversify Nigeria’s financing sources. The president’s approval came yesterday […]

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JUST IN: FATF removes Nigeria from global financial watchlist

October 24, 2025

The Financial Action Task Force has officially removed Nigeria from its list of jurisdictions under increased monitoring, also known as...

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Breaking: FG, States, LGs Share ₦2.103 Trillion From September Federation Account

October 17, 2025

The Federal Government, state governments, and local government councils have shared a total of ₦2.103 trillion from the September 2025...

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LG funds: Osun seeks to withdraw suit against CBN

October 17, 2025

The Osun Government on Friday filed a notice of withdrawal of the suit it instituted against the Central Bank of...

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Supreme Court To Deliver Judgment today In Osun’s Battle With Tinubu Govt Over LG Funds

October 14, 2025

The Supreme Court will deliver judgment on Tuesday, October 14, 2025, in the legal dispute between the Osun State Government...

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Presidency rejects World Bank’s poverty report

October 9, 2025

The Presidency has disputed the latest economic report by Nigeria’s biggest multilateral lender, the World Bank, which estimated that 139...

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Nigeria Seeks $2bn Chinese loan For Power Grid Overhaul

October 7, 2025

Nigeria is in talks with the Export-Import Bank of China (China Eximbank) for a $2 billion loan to finance the...

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FG Begins Payment of Pension Increments to Retirees

September 30, 2025

The Pension Transitional Arrangement Directorate (PTAD) has kicked off the implementation of recently approved pension increases for retirees under the...

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CBN reduces interest rate to 27%

September 23, 2025

For the first time since 2024, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), after a...

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Ibas rejects Assembly’s move to probe six-month spending

September 22, 2025

The immediate past Rivers State Administrator, Vice Admiral Ibok-Ete Ibas (retd.), and the Rivers State House of Assembly may be...

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FG may issue N758bn pension bond – PenCom

September 19, 2025

The Federal Government may issue a N758bn bond before the first week of October to clear outstanding pension liabilities, the...

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FG, states, LGs shared N2.2tn August revenue – FAAC

September 18, 2025

The Federation Account Allocation Committee on Wednesday said the Federal Government, states, and Local Government Councils shared a total of...

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Cash transfer: FG pays N330bn to 8.1m households

September 18, 2025

The Federal Government has announced that it has disbursed a total of N330bn to 8.1 million households across the country...

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Naira strengthens to 1,514/$, nears five-month high

September 8, 2025

The naira traded near a five-month high at 1514.86/$ on the official window at the close of last week, according...

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CBN hints at lower lending rates amid easing inflation

September 7, 2025

The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has hinted that lending rates may decline in the...

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Bank customers decry incessant charges, want action from BCAN

September 7, 2025

Many bank customers have continued to complain about numerous debits from their accounts in spite of their appeals. Some of...

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FG seeks fresh $1.75bn World Bank loan

September 5, 2025

The Federal Government plans to increase its borrowing despite a significant 40.5 per cent surge in revenue for the first...

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Osun ALGON challenges CBN over LG account signatories

September 5, 2025

The Association of Local Governments of Nigeria, Osun State chapter, has accused the Central Bank of Nigeria of colluding with...

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Apex Bank Orders Geo-Tagging of PoS Terminals

August 27, 2025

The Central Bank of Nigeria (CBN) has directed that all Point of Sale (PoS) terminals in the country begin geo-tagged...

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Just-In: President Tinubu Unveils New Personal Income Tax Calculator For Nigerians

August 22, 2025

President Bola Ahmed Tinubu has announced the launch of a Personal Income Tax Calculator, which will enable Nigerians to assess how the...

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Osun warns accounting officers against ignoring audit queries

August 21, 2025

Osun State Government has warned accounting officers and Permanent Secretaries in the state against ignoring audit queries whenever such arise....

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Adeleke Urges FG To Release Osun LG Funds After NBA, Obas’ Intervention

August 20, 2025

Governor Ademola Adeleke has welcomed the intervention of the Osun State Council of Obas, the Nigerian Bar Association (NBA), and...

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NOA warns Kwara residents on fake N1000 notes

August 3, 2025

The National Orientation Agency (NOA) in Kwara has cautioned the public about fake N1000 notes circulating in the state. The...

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Naira Falls To ₦1,537/$ In Official Market, Defies Parallel Market Gains

July 24, 2025

The Nigerian naira yesterday slumped further in the official Nigerian Foreign Exchange Market (NFEM), depreciating to ₦1,537 per US dollar....

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Tinubu Meets Atiku, Edun, CBN Gov, FIRS Boss Behind Closed-doors

July 22, 2025

President Bola Ahmed Tinubu is currently meeting with the Minister of Finance and Coordinating Minister of the Economy, Wale Edun; the Minister...

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CBN Injects $4.1bn To Defend Naira As Reserves Decline

July 17, 2025

The Central Bank of Nigeria injected a total of $4.1bn into the foreign exchange market in the first half of 2025,...

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Why June salaries were delayed for some civil servants – AGF

July 11, 2025

The Office of the Accountant-General of the Federation (OAGF) has responded to growing concerns over the delay in June salary...

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FG to raise N100bn with fresh bond issuance

June 24, 2025

The Federal Government of Nigeria (FGN) through the Debt Management Office (DMO) has offered green bonds valued at N100 billion...

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Sallah: Taraba Workers In Sorrow Over Removal From Payroll

June 6, 2025

Civil servants in Taraba State have declared that the Eid-el-Kabir celebration would be a sorrowful celebration since over 7,000 of...

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Mercy Chinwo: EFCC Arraigns EeZeeTee on New Charges

May 7, 2025

  Lagos, Nigeria — The Economic and Financial Crimes Commission (EFCC) has withdrawn earlier allegations of fraudulent conversion of funds...

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