FG to Borrow N700bn via Domestic Bond Market
The Debt Management Office plans to raise N700 billion through FGN bonds to finance budget needs, with high coupon rates reflecting inflation expectations.
The Debt Management Office plans to raise N700 billion through FGN bonds to finance budget needs, with high coupon rates reflecting inflation expectations.
Nigeria's Minister Abubakar Bagudu announces the Renewed Hope Ward Development Programme targeting all 8,809 wards, aiming to benefit about 10 million Nigerians.
The US Treasury now allows PayPal and Venmo donations to reduce the $39 trillion national debt. Monthly contributions average $120,000, a tiny fraction of interest payments.
Aliko Dangote announces that the Dangote Refinery expansion to 1.4 million bpd will employ 95,000 skilled workers, boosting Nigeria's industrial transformation.
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RecommendedCBN Governor Olayemi Cardoso says Nigeria will achieve single-digit inflation despite a marginal rise to 15.38% in March, citing reform resilience and investor confidence.
Nigeria's Tinubunomics shifts to revenue digitisation and tax harmonisation, aiming to end the rentier state model and boost fiscal sustainability.
The naira fell 1.09% to N1,358.44 per dollar as Nigeria's external reserves declined to $48.48 billion, raising currency stability concerns.
Experts at the launch of Dr. Cheryl Ikejiaku's book on financing Africa's energy transition call for policy reforms and innovative financing models to achieve SDG 7.
Discover the major differences between Niger and Nigeria, including colonial history, language, culture, population, and economy. Learn why they are often confused.
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RecommendedThe Nigerian naira fell to its weakest level in three weeks against the US dollar, driven by strong demand and limited forex supply across official and parallel markets.
Concerned Taraba stakeholders call for historical context in the Mambilla Hydroelectric Project debate, cautioning against blaming former Minister Sale Mamman alone.
Stakeholders call for stronger economic cooperation between Nigeria and South Africa to boost investment and accelerate AfCFTA implementation for Africa's growth.
Rising global wheat prices, US drought, and import costs are pushing bread prices higher in Nigeria, forcing bakeries to increase prices or reduce loaf sizes.
Seychelles ranks as Africa's richest nation in 2026 due to high GDP per capita, strong tourism, small population, and robust social welfare, offering lessons in development.
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RecommendedTranscorp Power Plc reports N94.59bn revenue and N39.59bn profit before tax in Q1 2026, despite gas constraints and vandalism affecting Nigeria's power sector.
Nigerian naira gains in parallel market but weakens at official window. FX activity drops sharply as analysts cite liquidity challenges and external debt pressures.
Nigeria is absent from the IMF's 2026 list of Africa's top ten debt-exposed nations, while Egypt, Kenya, and Ghana lead with billions in outstanding obligations.
Finance Minister Taiwo Oyedele assures investors of reform continuity, warns against abrupt policy reversals, and outlines priorities for measurable growth.
Vice President Kashim Shettima calls for aggressive public-private partnerships to unlock national assets and attract global capital for Nigeria's economic development.
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RecommendedBusiness leaders across Northern Nigeria praise Aliko Dangote for being the only Nigerian on Time's 2026 list of 100 most influential people, highlighting his economic and philanthropic impact.
A professor critiques an article on Nigeria's poverty statistics, arguing that reforms cause short-term hardship but are necessary for long-term stability and growth.
A cartoon highlighting the harsh economic realities faced by Nigerians, including inflation, unemployment, and the struggle to make ends meet.
Dr Domor Mienye, APGA governorship aspirant, calls for accountability as Bayelsa's 60MW gas turbine fails to supply power after commissioning, urging a shift from symbolic projects to functional infrastructure.
FAAC distributed N2.03 trillion for March 2026. FG got N789.15bn, states N657.59bn, LGs N468.82bn. Statutory and VAT revenues shared.
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RecommendedA young Nigerian man bought a 6kVA solar inverter and 16kWh battery after experiencing just one minute of electricity per day. He shared the total cost online.
Governor Sanwo-Olu outlines Lagos' strategy for sustainable growth, innovation, and climate resilience at The World Ahead 2026 conference in Lagos.
Nigeria aims for $500 billion in investment commitments at the World Investment Summit Abuja 2026, a key step toward its $1 trillion economy goal under the Renewed Hope Agenda.
Nigeria pushes ISSB adoption to close $31.5bn SDG gap. Workshop by IIF and CRA focuses on capacity building for sustainability reporting.
Dr. Olufemi Ogunyemi, CEO of NEPZA, has led transformative reforms over two years, digitizing operations and expanding free trade zones to attract investments and create jobs, aligning with President Tinubu's economic agenda.
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RecommendedThe Nigerian naira appreciates to N1,348 per dollar in the official market and N1,395 in the parallel market, driven by improved dollar supply and Central Bank interventions, despite global oil price volatility from US-Iran tensions.