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IMF worries over Nigeria’s rising poverty, food insecurity despite praises for Tinubu’s macroeconomic reforms
Global financial institution, the International Monetary Fund (IMF) has commended the economic reforms of the President Bola Tinubu’s administration, even as the organisation raised concerns over the Nigeria’s rising poverty levels and growing food insecurity, saying approximately 63 per cent of…
DMO revises Q2, 2026 NTBs, raising offer by 22% to N4.8trn
Debt Management Office (DMO) has increased its Nigerian Treasury Bills (NTBs) issuance programme for the second quarter of 2026 by approximately N850 billion, raising the total planned offer amount from N3.95 trillion to N4.8 trillion, according to an analysis of…
Organised labour to commence renegotiations with FG in July over new national minimum wage
Nigeria Labour Congress (NLC) says it will reject any proposal by government aimed at taxing national minimum wage earner, describing such move as ‘unjust and insensitive’ to the present economic realities in the country. The congress also insisted on urgent adoption…
Amid N30trn budget deficit, Nigeria mulls debt refinancing, fresh funding
Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has disclosed that the Federal Government could turn to debt refinancing and fresh loans in order to bridge its huge budget deficit reaching N30 trillion this year. According…
GenCos reject FG’s N7trn resettlement plan, call for state of emergency in power sector
Federal Government’s debt owed to electricity generating companies (GenCos) have now reached N7 trillion, even as a planned resettlement option has been turned down by the operators, who insist on recovering their money. The GenCos have also called on government to…
Tinubu swears in new Power, Foreign Affairs ministers
President Bola Tinubu, Monday, swore in Mr. Joseph Tegbe as the new Minister of Power, as well as, Mr. Sola Enikanolaiye for that of the Minister of State for Foreign Affairs, at a brief ceremony which held at the Presidential Villa…
Court stops Akpabio, Abass over proposed N110bn vehicle procurement scheme for lawmakers
Federal High Court in Lagos has declared as unlawful the controversial National Assembly (NASS’) N110 billion vehicle and allowance schemes, ruling that the spending of N40 billion on 465 vehicles for lawmakers and N70 billion in support allowances for newly-elected…
FG slashes MDAs’ reimbursable imprest limits to curb spendings
Federal Government has introduced measures to manage spending across Ministries, Departments, and Agencies (MDAs) reducing reimbursable imprest limits and increasing oversight of public funds. The new directives are contained in the 2026 Annual General Imprest Warrant signed by the Minister of…
CBN’s new forex guidelines clears import of up to $10,000 without declaration
Central Bank of Nigeria (CBN) has issued fresh Foreign Exchange (forex) Guidelines which provides that an individual can export $50,000 cash. The only condition, according to the Guidelines, released, Friday, is that such cash must be declared at the point of…
AIICO tops industry rankings, voted 2026 best insurance firm at prestigious Capital Market Awards
AIICO has been voted Insurance Company of the Year 2026 at the Nairametrics Capital Market Awards, emerging as the top performer among its peers in a category designed to recognise excellence across Nigeria’s insurance landscape. The Nairametrics Capital Market…
