Nigeria Borrows for Survival, America Borrows for Power: Expert
Analysis compares US and Nigeria's debt profiles, warning Nigeria's borrowing risks a debt trap as loans fail to yield visible development, with debt servicing consuming revenue.
Category : Economy
Obi Questions Nigeria Debt Surge Cites South Africa Loan Model
Peter Obi criticizes Nigeria's rising debt, citing South Africa's transparent $1 billion loan model as an example of accountable borrowing and urging fiscal discipline.
UAE Remote Work 2026: Hours, Salary, Rights Explained
UAE remote work in 2026: Employees working from home enjoy equal rights under Labour Law, including regulated hours, timely salary, and full legal protections.
Profit Alone Cannot Define Success: King Charles Lambert
Pan-African visionary King Charles Lambert argues that true success is measured by lives impacted, not just financial gains, and shares his journey of resilience.
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Nigeria Aims for 5 Million Ocean Jobs by 2035 via Blue Economy
Nigeria launches National Blue Economy Action Plan to create 5 million ocean-based jobs by 2035 through fisheries, shipping, tourism, and renewable energy. President Tinubu announces at Our Ocean Conference.
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Nigerian pays over ₦300,000 VAT on electronics as FAAC shares ₦2.3 trillion
A Nigerian man reveals he paid over ₦300,000 in VAT on electronics as FAAC distributes ₦2.3 trillion May revenue, sparking debates on tax burden and accountability.
Nigeria Rejects IMF Advice on New Fuel and Telecom Taxes
The Federal Government has ruled out new taxes on fuel and telecom services following IMF recommendations, reassuring citizens that VAT waivers remain and no new levies are planned.
Oil prices drop below $80 as US-Iran peace deal signed
Oil prices fell below $80 per barrel after the US and Iran signed a peace agreement, reopening the Strait of Hormuz and easing supply concerns.
Oil prices fall as US-Iran peace deal takes effect
Oil prices drop over 2% after US and Iran sign a memorandum of understanding to end months of conflict, with a 60-day negotiation period starting Friday.
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IMF Reveals Naira's True Value at N1,130/$
The IMF says the Nigerian naira remains undervalued by 25.6% and should trade around N1,130 per dollar, urging the CBN to maintain exchange rate flexibility.
CRC Credit Bureau Best in Nigeria 7th Year
CRC Credit Bureau Limited has been named Best Credit Bureau in Nigeria by Capital Finance International for the seventh consecutive year at the Professional Services Awards 2026.
Fuel Subsidy Removal Economic Impact Cartoon
A cartoon commentary on Nigeria's fuel subsidy removal, depicting the economic strain on citizens and the government's policy direction.
Nigeria earns $240bn from mobile tech, supports 13m jobs
Mobile technologies generated $240 billion for Nigeria and Africa in 2025, supporting 13 million jobs. GSMA projects $290 billion by 2030. FG calls for stronger collaboration to accelerate digital economy.
Enugu Chosen as Southeast Tax Ombud Headquarters
Enugu state has been designated as the Southeast zonal headquarters of Nigeria's Office of the Tax Ombud, bringing dispute resolution closer to taxpayers and aiming to improve tax compliance across the region.
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NGX Market Cap Drops N758 Billion in Four-Day Losing Streak
The Nigerian stock market extended its losing streak to four sessions, with the All-Share Index falling 0.49% and investors losing N758 billion in value.
FG Calls for Stronger Collaboration on Digital Economy
The Federal Government has called for stronger collaboration among stakeholders to accelerate Nigeria's digital transformation, emphasizing the need for partnerships to unlock economic growth and improve public service delivery.
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Tax reform could boost Nigeria's gambling investment appeal
Nigeria's gambling industry shows promise, but tax clarity is key to attracting investors. Reform could reduce uncertainty and foster growth.
FG Dismisses Reports of New Telecoms, Fuel Taxes
The Federal Government has dismissed reports of new taxes on telecoms and petroleum products, clarifying that IMF recommendations are not binding and existing tax policies remain unchanged.
Tinubu Reforms Yield Record Revenue Gains, Says BAT-IG
Bamidele Atoyebi, convener of BAT-IG, says President Tinubu's fiscal reforms have led to record revenue gains, including tax collections rising to ₦21.7 trillion in 2024 and external reserves hitting a 13-year high of $50.45 billion.
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NLC, TUC to Start Minimum Wage Talks with FG by July 2026
The NLC and TUC are set to begin negotiations with the Federal Government for a new minimum wage, demanding a living wage amid rising inflation and living costs.
Dangote Refinery Halts Petrol Exports for Domestic Focus
Dangote Refinery suspends petrol exports to prioritize Nigerian market after N75 price cut, aiming to improve local fuel availability and stabilize supply.
Nigerian Stocks Rise 0.9% Led by Bank and Oil & Gas Shares
Nigerian stocks gained 0.9% last week, driven by bank and oil & gas stocks. Year-to-date yield stands at 57.3%. Analysts expect profit-taking. Stock picks: Aradel, NEM Insurance, FCMB, Transcorp, Coronation Insurance.
IMF: Nigeria Stronger Financially, Not Socially
The IMF's 2026 Article IV Consultation report on Nigeria shows financial improvements but persistent poverty and food insecurity, urging conversion of macroeconomic gains into living standard improvements.
Oil Prices Drop After US-Iran Peace Deal
Global crude oil prices fell sharply after a US-Iran peace agreement ended hostilities, reopening the Strait of Hormuz and easing market disruptions.
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BudgIT: 2026 Budget Ambitious But Unrealistic
BudgIT criticizes Nigeria's 2026 budget as unrealistic, citing a N31.5 trillion deficit and heavy reliance on borrowing amid weak revenue generation.
Nigeria's Inflation Hits 15.93% in May 2026
Nigeria's headline inflation rose to 15.93% in May 2026, up from 15.69% in April, driven by food prices. Monthly inflation slowed to 1.75%.
Global 5G Subscriptions Hit 3.1 Billion in Q1 2026
Ericsson's Mobility Report reveals 3.1 billion global 5G subscriptions in Q1 2026, with Africa poised for digital growth. Nigeria's 5G penetration reaches 4.20%.
Guardian Cartoon: Nigeria's Economic Woes
A cartoon from The Guardian Nigeria illustrates the economic difficulties facing the country, with visual commentary on inflation and cost of living.
LCCI, NASD Rally MSMEs to Capital Market Funding
LCCI and NASD Plc held a forum to help MSMEs access capital market funding, addressing high lending rates and poor business structures hindering growth.
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Nigeria must deepen reforms to remain competitive
Bismarck Rewane urges sustained reforms for Nigeria's competitiveness, projecting 4% GDP growth and stable naira in 2026 amid fiscal challenges.
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