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Economy
SERAP Sues Tinubu Over Alleged N167bn Project Fraud
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Bola Tinubu over his alleged failure to prosecute contractors who received over N167bn from 31 ministries, departments, and agencies (MDAs)…
NG-CARES Beneficiaries Sign Utilisation Agreement in Jigawa
By Ibrahim Ibrahim
Beneficiaries of the Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES) Results Area II in Jigawa State have signed a utilisation agreement to ensure the proper application of the support provided under…
Senate Tightens Restrictions on Maize Exportation with Jail Terms
The Senate, on Wednesday, amended a bill to prohibit the export of unprocessed maize, introducing a minimum one-year jail term for offenders exporting maize in large commercial quantities.
The bill, initially passed by the House…
ICPC Chairman Advocates Stronger Prevention Measures Against Corruption
The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Dr Musa Adamu Aliyu, SAN, has reiterated the importance of preventive strategies in the fight against corruption.
Speaking at a National…
Tinubu Orders Review of Controversial Tax Reform Bills Amid Nationwide Uproar
President Bola Tinubu has instructed the Ministry of Justice to collaborate with the National Assembly to address concerns over the contentious Tax Reform Bills.
This directive comes amidst mounting opposition from northern lawmakers,…
Oyedele Urges Support for Tax Reform Bills Amidst Controversy
By Staff Reporter
The Chairman of the Presidential Tax Reform Committee, Taiwo Oyedele, has called on Nigerians to focus on the transformative benefits of the proposed tax reform bills, urging that a few contentious provisions should…
Police Officer’s Wife Survives Birth of Triplets, Seeks Support
By Bala Ibrahim
A 25-year-old police officer’s wife, Firdausi Muhammad, has expressed gratitude after surviving a cesarean section to deliver triplets in Dutse Local Government Area, Jigawa State.
The successful delivery, which…
Cooking Gas Prices Skyrocket Despite Export Ban
The price of Liquefied Petroleum Gas (LPG) has soared across Nigeria, defying the federal government’s export ban intended to stabilise domestic supply.
Consumers have reported increases of up to 58.68% over the past year, with a 12.5kg…
Presidency Denies Tax Reform Bias Against Northern Nigeria
The Presidency has dismissed allegations that the proposed tax reform bills before the National Assembly are skewed to impoverish northern Nigeria while favouring Lagos and Rivers states.
In a statement released on Monday,…
BREAKING: Port Harcourt Refinery Restarts Operations at 60% Capacity After Delays
After years of stalled progress and missed deadlines, Nigeria's Port Harcourt Refinery has resumed crude oil processing, operating at 60% of its capacity, according to the Nigerian National Petroleum Company Limited (NNPCL).
…
Experts: GDP Growth Doesn’t Reflect Nigerians’ Struggles
Despite Nigeria’s GDP growing by 3.46% in Q3 2024, economists argue the figures fail to capture the economic hardship faced by citizens.
Professor Segun Ajibola, former President of the Chartered Institute of Bankers, highlighted…
Business Leaders Question NBS Data Amid Harsh Realities
The National Bureau of Statistics (NBS) report showing 3.46% GDP growth and a 4.6% unemployment rate has been met with scepticism by the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA).
…
Tinubu Welcomes GDP Growth but Urges Patience on Reforms’ Impact
President Bola Tinubu has celebrated Nigeria’s 3.46% GDP growth in Q3 2024, attributing it to his administration’s economic reforms but acknowledged the need for further action to improve living standards.
In a statement by…
Nigeria to Borrow More Despite Revenue Surplus, Says Finance Minister
The Nigerian government will pursue further borrowing to finance its budget, despite surpassing revenue targets in several sectors, Finance Minister Wale Edun has revealed.
Speaking before the Senate Joint Committees on Finance…
Nigeria and Brazil Forge Landmark Agreement to Transform Agriculture in 774 LGAs
In a major step towards revolutionising Nigeria’s agricultural sector, the Federal Government has signed a Memorandum of Understanding (MoU) with Fundação Getulio Vargas (FGV) of Brazil.
The partnership aims to boost private sector…
20.8% of Nigerian Households Borrow Food Amid Worsening Food Insecurity – NBS Report
The National Bureau of Statistics (NBS) has revealed that 20.8 per cent of Nigerian households relied on borrowing food or seeking assistance from friends and relatives to survive in the past 30 days.
This alarming statistic highlights…
Senate Approves Tinubu’s Over ₦2 Trillion Loan Request Amid Mounting Debt Concerns
The Senate has approved President Bola Tinubu’s request for over ₦2 trillion ($2.2 billion) loan, a decision reached via a voice vote under the leadership of Deputy Senate President, Barau Jibrin.
The approval followed the presentation…
ACF to Back Northern Candidates in 2027, Criticises Tinubu’s Economic Policies
The Arewa Consultative Forum (ACF) has vowed to support credible northern candidates in the 2027 elections to address the region’s mounting socio-economic challenges.
At its National Executive Council meeting in Kaduna, the ACF…
Organised Labour to Tinubu: Reverse Currency Devaluation and Energy Hikes to Save Nigerians
Organised Labour has called on President Bola Ahmed Tinubu to reverse policies on currency devaluation and high energy costs, which they argue have plunged Nigerians into deeper economic hardship.
The appeal was made during the 6th…
Tinubu’s Economic Reforms are Not Working – IMF
A recent International Monetary Fund (IMF) report has painted a grim picture of Nigeria's economic reform progress, suggesting that the policies introduced 18 months ago by the current administration have yet to yield tangible…