Private Sector Credit Falls Again as Government Borrowing Surges, Raising Fears of Crowding Out in Nigeria
Credit to Nigeria’s private sector fell to ₦72.5 trillion in September 2025, down from ₦75.9 trillion in August, according to...
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Nigeria Approves $2.35 Billion Borrowing Plan and $500 Million Sovereign Sukuk to Bridge Budget Deficit
Nigeria’s National Assembly has approved President Bola Tinubu’s plan to borrow $2.35 billion to bridge the country’s 2025 budget deficit,...
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Federal Government Strikes $400 Million Steel Pact to Revive Nigeria’s Industrial Base
The Federal Government recently entered into a $400 million Strategic Cooperation Agreement with Stellar Steel Company Limited, a subsidiary of...
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Armed Police Seize Nestoil Headquarters Over $1 Billion Debt Dispute
Armed police officers have taken control of the Lagos headquarters of Nestoil Group following a Federal High Court order obtained...
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Nigeria’s 10% Withholding Tax on Short-Term Securities: A Fiscal Lifeline with Potential Market Consequences
Nigeria’s decision to introduce a 10% withholding tax on interest earned from short-term securities marks a turning point in the...
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Foreign Confidence Rises as Danish Billionaire Plans New Ventures in Nigeria’s Digital Space
Danish billionaire Anders Povlsen has pledged to invest significantly in Nigeria’s digital economy, entertainment, and sports sectors, signalling renewed confidence...
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Nigeria’s Inflation to Drop to 14% in 2026, Says MAN, Predicts 23% Interest Rate and Stronger Naira
The Manufacturers Association of Nigeria (MAN) predicts that Nigeria’s headline inflation will slow to 14 percent in 2026, helped by...
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FG Mobilises N700 Billion for Nationwide Meter Roll-Out, Targets 1.1 Million by December
The Federal Government has successfully secured N700 billion from the Federation Account Allocation Committee to fund the deployment of 1.1...
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Anambra Tops 2025 BudgIT Fiscal Ranking as States Battle to Stay Financially Afloat
Anambra State has emerged as the best-performing state in Nigeria’s 2025 BudgIT fiscal ranking, moving up from second position last...
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PenCom, ICPC Unite to Recover Trapped Pension Funds and Enforce Employer Compliance
The National Pension Commission (PenCom) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) have joined forces to...
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