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Nigeria’s fiscal deficit hits 4.69 trillion naira in Q1 as revenue falls short

Nigeria's government ran a 4.69 trillion naira fiscal deficit in the first quarter as revenue fell far short of target and foreign loans stalled.
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Nigeria’s state police bill heads to Tinubu after 28 states approve

Nigeria's National Assembly will send the state police bill to President Bola Tinubu for assent after verifying approval from 28 of 36 state legislatures.

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FMDA forecasts 16.42 percent April inflation in Nigeria

FMDA projects Nigeria's headline inflation to rise to 16.42 percent in April from 15.38 percent in March as food and fuel prices climb.
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NEITI flags rising illicit financial flows in Nigeria’s mining sector

NEITI said weak regulation, illegal mining and opaque ownership are driving illicit financial flows in Nigeria's solid minerals sector.
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Abuja Residents Protest Alleged Takeover Of Jabi Lake Park

KEY POINTS Abuja residents and activists protested the alleged takeover of Jabi Lake Park...
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Activist Wong Box Petitions IGP, PSC Over Alleged Police Misconduct in Delta

KEY POINTS Activist Victor Ojei, popularly known as Wong Box, petitioned the IGP and...
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Boko Haram Faction Beheads Captives After Failed Escape Attempt In Borno

KEY POINTS Boko Haram fighters reportedly beheaded more than seven captives after a failed...
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Dangote rejects NNPC’s bid to lift refinery stake, plans public listing

Aliko Dangote rejected NNPC's bid to lift its 7.25 percent refinery stake, saying his $20 billion Lekki plant plans a public listing for ordinary Nigerians.
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NYSC Member Detained in Ilorin Over Podcasts Questioning Kwara Bridge Rehabilitation

KEY POINTS NYSC member Segun Ajibare was reportedly detained in Ilorin after publishing podcasts...
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EFCC Arrests Energy Commission DG Over Alleged N500bn Money Laundering Scheme

KEY POINTS EFCC has arrested Energy Commission DG, Mustapha Abdullahi, over alleged money laundering...
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Lagos to Introduce State-Issued Driver’s Licence to Improve Traffic Management

KEY POINTS Lagos State plans to launch a state-issued driver’s licence pending Governor Sanwo-Olu’s...
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Agama puts AI, data at center of Nigeria’s capital market reform

SEC Director-General Emomotimi Agama said data, AI and technology will drive Nigeria's capital market reforms and reach 20 million retail investors through fintech integration.
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Awori’s Ecobank commits $3bn to power intra-African trade

Ecobank Group CEO Jeremy Awori unveiled a $3 billion trade finance commitment to drive intra-African trade across agribusiness, manufacturing and general commerce over three years.
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Walson-Jack’s office denies 40 percent allowance claim

The Office of the Head of Civil Service of the Federation denied approving a 40 percent peculiar allowance, saying NSIWC holds the statutory mandate.
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Nigeria’s fiscal deficit hits 4.69 trillion naira in Q1 as revenue falls short

Nigeria's government ran a 4.69 trillion naira fiscal deficit in the first quarter as revenue fell far short of target and foreign loans stalled.
News

Nigeria’s state police bill heads to Tinubu after 28 states approve

Nigeria's National Assembly will send the state police bill to President Bola Tinubu for assent after verifying approval from 28 of 36 state legislatures.
News

An estimated 14 million uncollected PVCs pose a test for Nigeria’s INEC

An estimated 14 million voter cards remain uncollected across Nigeria, Vanguard reports, raising concern at INEC ahead of the Jan. 16 presidential election.
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Nigeria warns agency heads of sanctions over inflated contracts

Nigeria's federal government says heads of state-owned enterprises who award inflated contracts outside procurement law will face sanctions, in a new directive from George Akume.