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FG domestic borrowing hits N8.1tn in Q1 2026

FG domestic borrowing reached N8.1 trillion in the first quarter of 2026, a 7.4 percent year-on-year rise that already overshoots the quarterly benchmark the 2026 Appropriation Act implies.
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Manufacturing sector taxes climb to N2.05tn in 2025

Nigeria's manufacturing sector contributed N2.05 trillion in total taxes in 2025, with VAT and Company Income Tax both posting double-digit gains, according to the National Bureau of Statistics.

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Nigeria Posts Strongest Economic Expansion at 57.6 Index

Nigeria recorded its strongest economic expansion at 57.6 index points, as activity, demand, and confidence strengthened across the private sector.
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Court Remands Malami Over Alleged Money Laundering

A Federal High Court in Abuja has remanded former Attorney General Abubakar Malami, his son and an associate in prison over alleged money laundering involving about ₦9 billion.
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Three Killed, Three Abducted as Bandits Strike Kaduna Community Again

Bandits killed three people and abducted three others in a late night attack on Bundu Kahugu community in Kaduna State.
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Anthony Joshua Mourns Close Friends Killed in Lagos Ibadan Expressway Crash

Anthony Joshua lost two close friends and team members in a Lagos Ibadan Expressway crash that also left the boxer injured.
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Nigeria Tax Laws Face Fresh Resistance as Lawmakers, Students and Court Step In

Nigeria’s new tax laws face growing resistance as lawmakers, students and the courts question their authenticity and planned rollout.
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US Air Strikes Trigger Terrorist Movements as Nigerian Military Tightens Surveillance

Nigeria’s military is tracking fleeing terrorists after US air strikes, amid rising debate over security cooperation and foreign troop deployment.
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Brain Drain Fears Grow as Nigerian Scientists Exit

Nigeria scientific community warns that rising migration of Nigerian scientists could weaken research capacity and slow innovation if funding and policy reforms stall.
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Naira Gains N11 at Official FX Market

The naira strengthened at the official market, gaining N11 as improved liquidity and steady inflows supported confidence in Nigeria currency outlook.
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Oil Prices Rise as Supply Risks Keep Markets Alert

Crude oil prices moved higher as traders weighed tightening supplies, geopolitical risks, and steady demand signals across major energy consuming economies worldwide.
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Makinde, Fayose Clash Over N50bn Bodija Relief Fund as 2027 Politics Heat Up

A dispute over Bodija explosion relief funds deepens political tensions between Governor Seyi Makinde and ex Ekiti governor Ayodele Fayose ahead of 2027.
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Benin City abduction: Obaseki’s Cousin Recounts Alleged Assault, Public Stripping

A cousin of former Edo governor Godwin Obaseki describes an alleged daylight abduction, assault and public humiliation in Benin City.
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Tinubu Approves Write Off of $1.42bn, N5.57tn NNPC Debt to Federation

President Tinubu approves the cancellation of over $1.4bn and N5.5tn in NNPC debts after reconciliation of long standing obligations.
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FG domestic borrowing hits N8.1tn in Q1 2026

FG domestic borrowing reached N8.1 trillion in the first quarter of 2026, a 7.4 percent year-on-year rise that already overshoots the quarterly benchmark the 2026 Appropriation Act implies.
News

Manufacturing sector taxes climb to N2.05tn in 2025

Nigeria's manufacturing sector contributed N2.05 trillion in total taxes in 2025, with VAT and Company Income Tax both posting double-digit gains, according to the National Bureau of Statistics.
News

Flood swamps Lagos primary school as pharma company’s canal project leaves children out of class

A pharmaceutical company's construction project has blocked a Lagos canal, flooding a primary school and keeping hundreds of children out of class.
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SDP’s Adebayo confirms 2027 presidential bid, warns Nigeria is drifting toward one-man rule

SDP leader Prince Adewole Adebayo has confirmed a 2027 presidential run and warned that Nigeria risks one-man rule, not a one-party state.