Fintiri presents N583bn 2026 budget proposal to Adamawa Assembly
Governor Ahmadu Umaru Fintiri has presented a ₦583 billion budget proposal for the 2026 fiscal year to the Adamawa State House of Assembly. The governor said the proposed budget is designed to boost economic growth, improve infrastructure, and strengthen social services across the state. According to Governor Fintiri, the 2026 budget focuses on key sectors […]
Nigerian Senate passes 2026–2028 MTEF
The Nigerian Senate has approved the Medium-Term Expenditure Framework (MTEF) covering the 2026 to 2028 fiscal years. The MTEF serves as a key planning document that guides government spending, revenue targets, and borrowing plans over a three-year period. Lawmakers passed the framework after reviewing reports from relevant committees. During the debate, senators highlighted the importance […]
Borrow responsibly – Debt Management Office instructs states
The Debt Management Office (DMO) has urged Nigerian states to borrow responsibly and ensure that loans are tied to clear development goals. The agency warned that unchecked borrowing could put pressure on state finances and limit the ability to fund essential services. According to the DMO, loans should only be taken when absolutely necessary and […]
Nigeria’s inflation eases to 14.45% despite rising food prices
Nigeria’s inflation rate has eased to 14.45 percent, offering a small relief to households and businesses struggling with high living costs. The latest figure shows a slowdown in overall price increases compared to previous months, even though food prices continue to rise across many parts of the country. Experts say the decline suggests that price […]
Invest at Home – Dangote Urges Entrepreneurs, Says Nigeria Is Like a ‘Scratch Card’
Africa’s richest man, Aliko Dangote, has called on Nigerian entrepreneurs to focus their investments at home instead of rushing abroad. Speaking at a business event, he described Nigeria as a “scratch card,” meaning the country’s real value only appears when people put in effort to unlock opportunities. He explained that many nations that Nigerians run […]
Fuel price reduction: Dangote Refinery, petrol marketers clash over reason for drop
The recent drop in petrol prices has sparked a disagreement between Dangote Refinery and petroleum marketers, with both sides offering different explanations for the reduction. While Dangote insists the price cut is a result of its efforts to stabilise the market and make fuel more affordable for Nigerians, some marketers argue that competition and changing […]
Nigeria’s inflation rate drops for seventh consecutive time in October
Nigeria recorded another decline in its inflation rate in October, marking the seventh consecutive month of easing price pressures. According to analysts, this continued moderation is a sign that recent monetary policies and supply-side adjustments may be gradually stabilising the economy. Although prices remain high for many households, the steady decline offers some relief and […]
Mixed reactions trail Nigerian government’s move to end sachet alcohol production
The Nigerian government’s move to end the production of sachet alcohol has sparked a wave of mixed reactions across the country. While officials argue that the ban is necessary to reduce alcohol abuse, especially among young people and commercial drivers, many Nigerians believe the decision will have wider economic implications. Supporters of the ban say […]
NGX records massive N2.5tn gain first time since Trump’s threat shockwave
The Nigerian Exchange (NGX) has recorded a remarkable N2.5 trillion gain, marking the first significant recovery since the economic shock caused by former U.S. President Donald Trump’s recent threats against Nigeria. The surge comes after a period of heightened investor anxiety and market volatility triggered by Trump’s designation of Nigeria as a “Country of Particular […]
Tunnel of dark economy getting better – Tinubu
President Bola Ahmed Tinubu has stated that Nigeria is gradually moving out of what he described as a “tunnel of a dark economy.” He explained that although the country has faced serious economic challenges, steady progress is now being made through the government’s reforms. Tinubu noted that key policies aimed at stabilizing the economy are […]