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Edun warns against subsidies, flags global debt burden

Finance Minister Olawale Edun on Tuesday warned against subsidy reversals at the World Bank/IMF Spring Meetings in Washington, urging developing nations to hold reform gains as global shocks intensify pressure to abandon hard-won policy progress.
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IMF cuts Nigeria growth forecast to 4.1 percent

The International Monetary Fund cut Nigeria's 2026 growth forecast to 4.1 percent, down from 4.4 percent, citing higher commodity costs and shipping disruptions.

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CJN to Swear in Justice Joseph Oyewole as Supreme Court Justice on Wednesday

KEY POINTS The CJN will swear in Justice Joseph Oyewole as a Supreme Court...
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EFCC Arrests 20 Suspects Over Vote-Buying in FCT Council Elections

KEY POINTS EFCC arrested 20 suspects and recovered over ₦17 million linked to alleged...
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APC’s Christopher Maikalangu Re-elected AMAC Chairman With Landslide Vote

KEY POINTS APC incumbent Christopher Maikalangu won the AMAC chairmanship election with 40,295 votes. ...
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Opposition Boycott Kano By-Elections

KEY POINTS Opposition parties ADC, PDP, and NNPP boycotted Kano by-elections, alleging bias, security...
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NAFDAC Busts Hidden Lagos Warehouse Stocked With N3bn Worth of Fake and Banned Products

KEY POINTS NAFDAC uncovered a hidden Lagos warehouse containing fake and banned goods worth...
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El-Rufai to Face Court Feb 25 Over Alleged Phone-Hacking Offences

KEY POINTS El-Rufai will be arraigned Feb 25 over alleged unlawful interception of the...
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Kaduna Reunites 204 Kidnap Survivors With Families After Rescue and Rehabilitation

KEY POINTS 204 kidnap victims abducted from churches in Kajuru were rescued in stages...
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AMAC Election: ADC Candidate Tells Wike “You Can’t Rig Votes Here”

KEY POINTS ADC candidate Dr. Paul Moses warned FCT Minister Nyesom Wike that AMAC...
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Nigeria Customs Hands Over Seized Fuel Worth N40.7 Million

Nigeria Customs hands over seized fuel valued at N40.7 million after intercepting petrol across Lagos border corridors in anti-smuggling operation.
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Dangote Commits N1.5 Billion to Bayero University Postgraduate

Dangote Graduate Business Scholarship will provide N1.5 billion in tuition support to MBA and management students at Bayero University Kano.
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South-East Resume Monday Trade After Sit-at-Home Ban

Monday sit-at-home ban sparks gradual return of trade and transport in South-East Nigeria, with confidence improving but patronage still subdued.
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PDP Candidate Dantani Withdraws from AMAC Race

KEY POINTS PDP’s AMAC candidate Zadna Dantani withdrew from the race and endorsed APC...
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Edun warns against subsidies, flags global debt burden

Finance Minister Olawale Edun on Tuesday warned against subsidy reversals at the World Bank/IMF Spring Meetings in Washington, urging developing nations to hold reform gains as global shocks intensify pressure to abandon hard-won policy progress.
News

IMF cuts Nigeria growth forecast to 4.1 percent

The International Monetary Fund cut Nigeria's 2026 growth forecast to 4.1 percent, down from 4.4 percent, citing higher commodity costs and shipping disruptions.
News

FG incurs N418bn power subsidy in Q4 2025

Nigeria's power subsidy obligation reached N418.79 billion in the fourth quarter of 2025, a decline of N39.96 billion from the third quarter, according to the Nigerian Electricity Regulatory Commission.
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Dangote refinery makes Nigeria a net petrol exporter

Aliko Dangote's Lekki refinery turned Nigeria into a net petrol exporter last month, ending decades in which Africa's largest oil producer sent crude abroad only to import finished fuel.