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General news on the economy and politics.

Sanwo-Olu explains reasons for increase in 2022 budget to N1.758 trillion

January 2, 2022

The Lagos State Governor, Babajide Sanwo-Olu, who just signed the 2022 Appropriation Bill, has explained the reason for the increase...

Reactions trail President Buhari’s signing of the Petroleum Industry Bill

Full text of Buhari’s speech after signing 2022 budget into law, unhappy with changes by NASS

December 31, 2021

President Muhammadu Buhari earlier today signed into law the 2022 Appropriation bill of N17.126 trillion, representing an increase of N735.85...

President Buhari signs N17.126 trillion 2022 budget into law

by Abiola Odutola

December 31, 2021

President Muhammadu Buhari has signed the 2022 Appropriation Bill of N17.126 trillion into law. The budget was presented to the...

Lagos joins Rivers state, passes VAT, anti-open grazing bills into law

Lagos Assembly increase budget as they pass N1.758 trillion for 2022 fiscal year

December 30, 2021

The Lagos State House of Assembly on Wednesday evening passed the 2022 budget estimates of N1.758 trillion, with capital expenditure...

Electoral Bill: Presidency defends decision, says Bill had economic and security consequences

by William Ukpe

December 29, 2021

The office of the Presidency has defended its decision to not sign the Electoral Bill stating that the Amended bill...

National Assembly transmits 2022 budget, Buhari to sign appropriation bill on Friday

December 28, 2021

The Presidency has confirmed that President Muhammadu Buhari will sign the 2022 Appropriation Bill on Friday, December 31, 2021. This...

$9bn, P&ID, $9.6 billion award: UK Court grants Nigeria stay of execution, requests $200 million payment, Buhari secures fresh $308 million Abacha loot from US

Electoral Bill: Malami claims Buhari did not sign Bill because it supports insecurity

by William Ukpe

December 28, 2021

Nigeria’s Attorney General of the Federation and Minister of Justice, Abubakar Malami has stated the reason President Muhammdu Buhari failed...

Ghana’s economy grows by 6.6% in Q3 2021, faster than Nigeria’s 4.03%

by Samuel Oyekanmi

December 23, 2021

Ghana’s economy recorded a growth of 6.6% in the third quarter of 2021 from the 3.9% expansion recorded in the...

Interim Government: What’s the fuss about?

Nigeria’s external debt servicing gulps $520.78 million in Q3 2021, jumps by 74%

by Samuel Oyekanmi

December 23, 2021

Nigeria spent a sum of $520.78 million on external debt servicing in the third quarter of 2021, rising by 74.2%...

Adeleke confirmed as NCC Executive Commissioner by the senate, Nigeria is on the path of growth despite challenges - Senate President tells IMF