Man Borrowed N20k, Now Owes N86k After 247 Days
A Nigerian man who borrowed N20k from a loan app laments after seeing his outstanding debt of over N86k after 247 days, sparking mixed reactions online.
Category : Economy
Naira Beats African Currencies, Appreciates 6.7% in 2026
The naira tops African currencies in 2026 with 6.7% gain against the dollar, driven by policy reforms and improved forex supply, despite external reserve decline.
12 States with Highest Petrol Prices in Nigeria After Iran War
Anambra tops list at ₦1,441.22 per litre in March 2026, followed by Sokoto and Borno. Regional disparities highlight fuel cost burden on motorists.
Guardian Cartoon: Nigeria's Economic Struggles
A satirical cartoon highlights Nigeria's economic woes, including inflation, currency devaluation, and the rising cost of living.
Transcorp Power Declares N41.25bn Dividend, Revenue Up
Transcorp Power Plc declared a total dividend of N41.25 billion for 2025 as revenue rose to N398.27 billion, driven by capacity expansion and operational efficiency.
Transcorp Power Declares N41.2bn Dividend for 2025
Transcorp Power Plc declares N41.2 billion dividend for 2025, as shareholders approve results at 13th AGM in Abuja. Revenue rises to N398.27 billion.
FG Targets 10m for Grassroots Poverty Alleviation
The Federal Government aims to lift 10 million citizens out of poverty through the Renewed Hope Ward Development Programme, targeting all 8,809 wards nationwide.
Nigeria's Finance Ministers Since 1999: Academic Backgrounds
Explore the diverse academic backgrounds of Nigeria's finance ministers since 1999, from history to economics, and how they shaped economic policies.
Abdulsamad Rabiu Overtakes South Africa's Richest in 2026
Abdulsamad Rabiu's net worth soared to $15.9 billion in 2026, outpacing South African billionaires and ranking third in Africa, with a year-to-date gain of $5.78 billion.
Lagos Tops Nigeria's Debt List with N1.22 Trillion
Lagos State is Nigeria's most indebted state, owing N1.22 trillion domestically and $1.17 billion externally as of Q4 2025, per NBS data.
Lagos Tops Nigeria's Most Indebted States with N1.22 Trn Debt
Lagos State leads Nigeria's debt profile with N1.22 trillion domestic and $1.17 billion external debt, according to NBS Q4 2025 report.
Top 10 States With Highest External Debts in Nigeria
Nigeria's external debt rises to $51bn in Q4 2025; Lagos leads states with $1.17bn. See the full list of top 10 indebted states.
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.
FG Launches Poverty Reduction Programme for 10 Million
Nigeria's Minister Abubakar Bagudu announces the Renewed Hope Ward Development Programme targeting all 8,809 wards, aiming to benefit about 10 million Nigerians.
US Treasury Accepts PayPal Donations for $39 Trillion Debt
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.
Dangote Refinery Expansion to Create 95,000 Skilled Jobs
Aliko Dangote announces that the Dangote Refinery expansion to 1.4 million bpd will employ 95,000 skilled workers, boosting Nigeria's industrial transformation.
Cardoso: Single-Digit Inflation Target Remains Achievable
CBN 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.
Revenue Anchor, Digitisation, End of Rentier State
Nigeria's Tinubunomics shifts to revenue digitisation and tax harmonisation, aiming to end the rentier state model and boost fiscal sustainability.
Naira Depreciates 1.09% as Reserves Drop to $48.48B
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.
Africa Energy Transition: Experts Demand Policy, Financing Reforms
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.
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Niger vs Nigeria: 5 Key Differences You Need to Know
Discover the major differences between Niger and Nigeria, including colonial history, language, culture, population, and economy. Learn why they are often confused.
Naira Hits 3-Week Low Against Dollar Amid FX Shortage
The 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.
Stakeholders Call for Balanced Mambilla Project Debate
Concerned Taraba stakeholders call for historical context in the Mambilla Hydroelectric Project debate, cautioning against blaming former Minister Sale Mamman alone.
Nigeria, South Africa Urged to Deepen Economic Ties
Stakeholders call for stronger economic cooperation between Nigeria and South Africa to boost investment and accelerate AfCFTA implementation for Africa's growth.
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Bread Prices to Rise in Nigeria Over Global Wheat Woes
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.
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Why Seychelles Is Africa's Richest Country in 2026
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.
Transcorp Power Q1 Revenue N95bn, Profit N39.6bn
Transcorp 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.
Naira Mixed: Black Market Gains, Official Window Slips
Nigerian naira gains in parallel market but weakens at official window. FX activity drops sharply as analysts cite liquidity challenges and external debt pressures.
IMF Reveals Africa’s Most Debt-Exposed Nations in 2026
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.
Oyedele warns against abrupt policy reversal
Finance Minister Taiwo Oyedele assures investors of reform continuity, warns against abrupt policy reversals, and outlines priorities for measurable growth.
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