The Federal Government has spent a total of $15.55bn on debt servicing between 2019 and 2024, according to the latest data from the Central Bank of Nigeria. In 2019, Nigeria paid $588.33m in debt...

Nigeria’s total public debt has reached N121.67tn, increasing by N24.33tn or 24.99 per cent within three months, the Debt Management Office has announced. This new figure is from a total debt of N97.34tn ($108.23bn)...

Lagos, Nigeria’s commercial nerve centre, and Abuja, the nation’s capital, have been listed as the cheapest cities in the world for international workers to live in. The naira currency depreciation is responsible for the...

The pump price of Premium Motor Spirit, popularly called petrol, should drop to about N300/litre upon the commencement of massive production by the Dangote Petroleum Refinery and other indigenous producers, operators of modular refineries...

The naira is expected to rebound in the coming months following the settlement of over $1.3 billion foreign exchange (forex) forwards contracts by the Central Bank of Nigeria (CBN) last week, analysts have predicted....

The Presidency has said two trending fiscal policy documents in circulation are still proposals and have not been approved by President Bola Tinubu. It also reiterated that the fuel subsidy regime has ended, and...

The Monetary Policy Committee of the Central Bank of Nigeria has increased the benchmark interest rate to 26.25 per cent. This was disclosed by the Governor of the CBN who doubles as the Chairman...

President Bola Ahmed Tinubu has directed the Ministry of Finance to settle the debt owed in respect of gas supplied to the power sector. He has also given directive for the payment of the...

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has hinted that the apex bank will keep interest rates high until inflation subsides by implementing orthodox policies.Inflation in Nigeria remains stubbornly high...

The Federal Government may need to raise a supplementary budget to accommodate the proposed minimum wage increase for workers. This is because the negotiated amount may surpass the budgeted amount in the original 2024...