Tinubu Vows Security Reset in 2025 Budget Speech
President Bola Tinubu announces a sweeping national security revamp, allocating N5.41 trillion to defence. He declares all armed non-state actors as terrorists amid rising violence.
Category : Search result: government spending
House of Reps Increases Campaign Spending Limits
Nigeria's House of Representatives has approved higher campaign spending limits for all elective offices, with the presidential ceiling doubled to N10 billion. Read the full details and implications for the 2027 elections.
Reps Raise Campaign Spending Limits for 2027 Polls
The House of Representatives has approved new, higher campaign spending limits for all elective offices ahead of the 2027 general elections. Find out the new ceilings for presidential, governorship, and other candidates.
FG Reopens 47 Unity Schools After Security Boost
The Federal Government has ordered the immediate reopening of 47 unity schools previously closed due to insecurity. Students have returned safely as academic activities resume nationwide.
German MPs approve €50bn military spending spree
German lawmakers greenlight a historic €50 billion in defence purchases, ramping up military readiness as Russia's threat grows and US commitments waver. Read the full details.
Nigeria Intensifies Fight Against Unaffordable Healthcare
Federal and state governments, with global partners, are ramping up efforts to make healthcare affordable for all Nigerians. Key strategies include expanding health insurance and systemic reforms under the NHSRII initiative.
China's Retail Growth Slows to 3-Year Low Amid Trade War
China's retail sales grew at the slowest pace in nearly three years in November, data shows. Weak domestic demand contrasts with strong exports, highlighting economic challenges. Read the full analysis.
Naira resilient despite festive dollar demand surge
The Nigerian naira shows resilience against heightened US dollar demand during the festive 'Detty December' season. CBN's external reserves rise to $45.44 billion, providing crucial support. Experts analyze market dynamics and future outlook.
ADC to Protest FG's N500bn Debt to Contractors, Pensioners
The African Democratic Congress (ADC) threatens to join ongoing protests by unpaid local contractors and pensioners. The party condemns the APC-led Federal Government's staggering debts, calling it insensitive governance.
Kano Govt Slams Ganduje's Budget Performance
Kano State government defends its 2025 budget, claiming it outperformed Ganduje's administration. Commissioner Shanono presents comparative figures on education and tech spending. Read the full details.
Nigeria Must End Reliance on Foreign Health Aid - Presidency
Presidential adviser Dr. Salma Anas warns Nigeria's health system is vulnerable due to over-reliance on foreign grants and high out-of-pocket payments. The government is pushing for Domestic Resource Mobilisation to achieve Universal Health Coverage.
Supreme Court Calls Out FG Over LG Autonomy
Nigeria's Supreme Court has called on the federal government to implement its judgment granting financial autonomy to 774 local governments. The court dismissed Osun state's suit. Full details inside.
Zulum: Borno spent N100bn on security in 2025
Governor Babagana Zulum discloses Borno State spent about N100 billion on security in 2025, stalling road projects and development. Read about the impact and plans.
Supreme Court Dismisses Osun's LG Funds Suit
Nigeria's Supreme Court has dismissed Osun State's suit to compel the Federal Government to release withheld local government allocations. Read the full details and implications of the verdict.
Kaduna's N985.9bn 2026 Budget Presented by Gov. Sani
Kaduna Governor Uba Sani presents a N985.9 billion 2026 budget focused on infrastructure, education, and grassroots development. The budget allocates N100m per ward for community projects. Read more.
FG Offers ASUU Lecturers 40% Salary Increase
The Federal Government has proposed a 40% salary increase for university lecturers as ASUU's ultimatum expires. Will this avert a nationwide strike?
Arms Makers See Record $679B Revenue Amid Conflicts
Global arms sales reached record $679 billion in 2024 as Ukraine and Gaza wars fuel demand. US firms dominate while European companies face supply chain challenges. Read full analysis.
Arms Makers See Record $679B Revenue Amid Global Tensions
Global arms sales reached record $679 billion in 2024 as Ukraine war and Gaza conflict fuel demand. US companies dominate while European firms see 13% growth despite supply challenges.
Man Reveals He Spends More on High-Maintenance Women
A Nigerian man's viral confession about spending patterns in relationships sparks debate. He invests more in women with high standards than 'understanding' partners. Read the full story.
AI Industry Faces Critical Turning Point in 2026
After three years of rapid growth, the AI industry enters 2026 with bubble concerns and job automation fears. Global spending expected to exceed $2 trillion. Read more about the future of artificial intelligence.
EU spares Germany from budget rules over defence spending
European Union exempts Germany from budget deficit punishment due to increased defence spending. Learn how EU rules adapt to security threats.
US Retail Sales Growth Slows to 0.2% in September
US retail sales cooled to 0.2% growth in September as consumers face higher prices and Trump's tariffs impact costs. Discover how value-hunting trends are reshaping spending.
Nigerians spend $1.39bn on foreign education in 6 months
CBN data reveals Nigerians spent $1.39 billion on overseas education in H1 2025, a 20% increase from 2024. This nearly equals Nigeria's entire 2025 education budget. Read analysis.
Americans Spend Record $1 Trillion Despite Inflation
US holiday spending expected to reach $1 trillion despite inflation concerns. Online sales surge 5.3% as AI transforms shopping habits. Read more about this economic paradox.
Walmart Q3 Revenue Hits $179.5 Billion, Ups Outlook
Walmart reports strong Q3 results with revenue reaching $179.5 billion and raises full-year outlook. E-commerce grows 27% globally as consumers seek value.
Nigeria's N777 Billion Arms Import Bill Revealed
National Bureau of Statistics data shows Nigeria spent N776.9 billion on arms imports from 2020-2025, with 2024 recording the highest expenditure at N520 billion amid rising insecurity.
China Retail Sales Growth Slowest in Over a Year
China's retail sales grew at just 2.9% in October 2025, the slowest pace in over a year, highlighting persistent consumer challenges. Discover the economic implications.
Trump Signs Deal to End US Government Shutdown
President Trump signs legislation ending the 43-day US government shutdown, allowing federal workers to return and restoring critical services ahead of Thanksgiving.
German experts cut 2026 GDP forecast to 0.9%
German economic experts criticize the government's €500bn spending plan, warning it will provide only a minor boost to the struggling economy. They have cut the 2026 GDP growth forecast to 0.9%. Read more for the full analysis.
Naira Visa Cards Boost Cross-Border Spending Confidence
Nigerians can now spend globally with confidence using Naira Visa cards. Secure transactions, fraud protection, and seamless payments for education, business, and travel needs.
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