News
Concerns mount over FG's fresh borrowings
2+ hour, 16+ min ago (741+ words) Nigerians have expressed diverse reactions to the recent external borrowings by the Federal Government, with many concerned over the pace of loan approvals and their impact on the economy. The National Assembly recently approved a $ 516. 33 million loan from Deutsche Bank…...
Oil price gains not enough to save Nigeria's economy from global shock: IMF
2+ week, 4+ day ago (537+ words) The International Monetary Fund on Tuesday said rising oil prices will provide some relief to Nigeria. However, the IMF noted that these gains are inadequate to shield the country from global economic shocks. The IMF's economic counsellor and director of…...
Tinubu says new tax laws will boost opportunities, end poverty
2+ week, 4+ day ago (437+ words) He said no serious nation can achieve lasting prosperity on a weak and fragmented revenue system. President Bola Tinubu has said that old tax laws impoverished Nigerians through fragmentation, multiplicity, and inconsistency. Mr Tinubu, who spoke at the commissioning of…...
Nigeria, Nestl" sign Mo U on livestock genetic improvement
3+ week, 3+ day ago (419+ words) The federal government and Nestl" Nigeria Plc on Wednesday signed a memorandum of understanding to improve animal genetics and enhance farmers" productivity. The livestock development minister, Idi Maiha, said at the ceremony that the initiative would provide the country with…...
Nigeria generated N1. 49 trillion from company income tax in Q4 2025: NBS
3+ week, 4+ day ago (363+ words) The nation's aggregate Company Income Tax (CIT) for Q4 2025 is reported to be 1. 49 trillion, the National Bureau of Statistics (NBS) has said." The figure is contained in the NBS Company Income Tax (CIT) Q4 2025 Report released in Abuja on Wednesday. According to…...
Traders blame soaring transport costs as food prices rise in Lagos
4+ week, 9+ hour ago (615+ words) Abiodun Kosoko, Babaloja General of Agbado Oke-Odo LCDA, has blamed rising fuel prices for surging food costs, warning that transport expenses are squeezing traders and deepening hardship for consumers across Lagos. Mr Kosoko spoke during a visit by journalists to…...
Trump's tariff promises not paying off, says expert
1+ mon, 1+ day ago (416+ words) Little remained of Mr Trump's promise to reduce the cost of living, the expert said. One year after U. S. President Donald Trump announced a sweeping tariff offensive, the strategy behind the measures is failing to deliver, according to U. S. trade policy expert…...
Nigeria targets 7% GDP growth, $14 billion annual infrastructure investment: Minister
1+ mon, 3+ day ago (457+ words) The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says Nigeria is targeting a seven per cent annual Gross Domestic Product (GDP) growth rate. Mr'Edun also said the country requires about $14 billion in annual investment to bridge…...
Oyedepo partners Obasanjo's institute on transformative leadership training for youths
1+ mon, 1+ week ago (521+ words) Founder of the Living Faith Church Worldwide, Bishop David Oyedepo, says he will collaborate with the Olusegun Obasanjo Leadership Institute (OOLI) to train youths in transformative leadership across Africa. This is contained in a statement on Friday in Lagos by…...
Iran War: UK announces "53 million households support as heating oil costs skyrocket
1+ mon, 2+ week ago (357+ words) The British government has announced a "53 million support package to help vulnerable households cope with rising heating oil costs following a surge in global energy prices. The increase is linked to current tensions in the Middle East. Prime Minister Keir…...