BUSINESS

Tinubu Govt Explains How Fuel Subsidy Savings Is Being Spent 0

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, says the Federal Government has channelled savings from the removal of fuel and foreign exchange subsidies into servicing debts, paying workers’ salaries, implementing the new ₦70,000 national minimum wage and funding the Nigerian Education Loan Fund (NELFUND). PFIPC: Abati Asks

Banks’ Bad Loans Rise Above CBN’s 5% Prudential Limit 0

Abuja, Nigeria – Nigerian banks’ non-performing loans (NPLs) climbed to 7.51 percent in December 2025, exceeding the Central Bank of Nigeria’s (CBN) prudential benchmark of 5 percent, according to the apex bank’s 2025 Annual Report and Statement of Accounts. Nigerian Army Named Africa’s Best In Counter-Terrorism Operations The report showed a sharp deterioration in asset

Reps Oppose Dollar Charges On Local Petroleum Products 0

The House of Representatives has begun moves to address lingering challenges in Nigeria’s downstream petroleum sector, opposing the continued imposition of United States dollar-denominated charges on locally refined petroleum products and announcing plans to investigate alleged irregularities in the allocation of fuel import licences. Ondo Assembly Held Only Four Plenaries In 2026 – Lawmaker

FG Borrowing Rises 61% To ₦12.62 Trilion Amid Revenue Shortfall 0
- BUSINESS, SLIDE
- July 29, 2026
The Federal Government exceeded its approved borrowing target for 2024 by ₦4.79 trillion, borrowing a total of ₦12.62 trillion during the year as revenue fell significantly below expectations, according to the Fourth Quarter and Consolidated Budget Implementation Report for 2024 released by the Budget Office of the Federation. Ex-Kano LG Chairman Returns To Tailoring
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Oil Price Falls By 6% As US-Iran Tensions Ease 0
- BUSINESS, SLIDE
- July 28, 2026
LONDON – Global oil prices plunged on Monday after the United States and Iran paused their exchange of attacks, easing fears of disruptions to crude supplies and shipping through the Middle East. International benchmark Brent crude dropped six per cent to about $86.22 per barrel, while U.S. West Texas Intermediate (WTI) fell 6.8 per
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Ekiti State Monthly Revenue Hits N2.75 Billion,Eyes N3 billion Target 0
- BUSINESS, SLIDE
- July 27, 2026
Ado-Ekiti – Ekiti State has recorded a significant increase in its Internally Generated Revenue (IGR), with monthly collections rising to ₦2.75 billion as the state intensifies efforts to attain the ₦3 billion monthly revenue target. 2027: Opposition Single-Candidate Push Suffers Setback The Chairman of the Ekiti State Internal Revenue Service (EKIRS), Mr. Olaniran Olatona, disclosed
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