Tinubu seeks National Assembly approval for new N1.77 trillion loan
President Bola Tinubu has requested approval from the National Assembly to borrow N1.767 trillion to help fund Nigeria’s 2024 budget.
If approved, the loan will...
Nigeria plans to borrow $2.2 billion as government debt rises
The Nigerian government has approved a fresh external borrowing plan totalling $2.2 billion, comprising $1.7 billion from the Eurobond market and $500 million through...
Nigeria’s budget for 2025 is its biggest yet. Here are the key points
The federal government has announced its proposed budget for 2025, barely a month to the close of year.
The Tinubu administration says it will spend...
Why cost-of-living crisis is acute in Sub-Saharan Africa – IMF
The International Monetary Fund (IMF) has given reasons it says have intensified the ongoing cost-of-living crisis across Sub-Saharan Africa.
The IMF is a global organization...
DISCOs’ revenue soars 47% after major Band A tariff hike
Electricity distribution companies (DisCos) in Nigeria saw a significant boost in their revenue in the second quarter of 2024, following the steep hike in...