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Business News; Tracks, records, analyzes, and interprets the business, economic and financial activities, and changes that take place in societies.

FG Debt Repayments Surpasses 2025 Budget Allocation By Nearly N2tn

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FG’s Debt Interest Rises By 124% Above Total Revenue

Federal government debt repayments exceeded the 2025 amended budget allocation by N1.90tn in the first nine months of the year, fresh data from the...

Petrol Price Increased To N626.21 In September — NBS Report

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Fuel Scarcity: Long Queues Resurfaces In Zamfara

The National Bureau of Statistics (NBS) has reported that the average retail price of a litre of petrol increased from N191.65 in September 2022...

VASPA Targets $92.1bn Virtual Asset Flow Into Formal Economy

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VASPA Targets $92.1bn Virtual Asset Flow Into Formal Economy

Pan-African industry association, the Virtual Asset Service Providers Association, VASPA, has concluded plans to integrate an estimated $92.1 billion in annual virtual asset volume...

World Bank To Gradually Withdraw Lending China By 2031

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FG Seeks Fresh $1.5bn World Bank Loan As Debt Hits N166.79tn

According to the organization's new country partnership framework, the World Bank will gradually stop lending to China by 2031, a source with knowledge of...

We Had To Borrow To Fund Roads, Rail, Power – Buhari

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The President, Muhammadu Buhari, on Tuesday, justified the nation’s debt profile, saying his regime needed to borrow to fund critical infrastructure like roads, rail,...

Tinubu In Meeting With World Bank Chief Says Audit Of CBN Commencing Soon

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President Bola Tinubu says a comprehensive forensic audit of the Central Bank is underway, while a thorough overhaul of the Civil Service payroll is...

Dollar To Naira Exchange Rate Today, June 18, 2026

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Dollar To Naira Exchange Rate Today, June 19, 2026

The naira traded relatively stable against the United States dollar at the Nigerian Foreign Exchange Market (NFEM) on Thursday, June 18, 2026, as traders...

Nigeria’s Borrowing For Unproductive Reasons — Peter Obi

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Federal Govt’s Plan To Acquire New Aircraft For Tinubu, Shettima Unacceptable, Says Peter Obi

The former presidential candidate for the Labour Party, Peter Obi has described the Nigerian government borrowings as unproductive. Obi stated this in a statement via...

Naira Appreciates To N1,392/$ In Parallel Market

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Naira Rises, Now N1,370/$ In Parallel Market

THE Naira yesterday appreciated to N1,392 per dollar in the parallel market from N1,396 per dollar Tuesday. Similarly, the naira appreciated to N1,369 per dollar...

ANAN FCT 1 Abuja To Host 2023 MCPD Programme

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The Association of National Accountants of Nigeria, ANAN FCT 1 Abuja branch will host the 2023 edition of Mandatory Continuing Professional Development (MCPD) programme...

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