Politics

Nigeria’s economic reforms: Governor insists President Tinubu is taking the right steps

August 13, 2025

Oyebanji dissolves Executive Council, spares key commissioners and two Special Advisers in Ekiti

August 11, 2025

Exclusives

Meet Nigerian governors who built their careers in private sector before politics

August 9, 2025

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Politics

General news on the economy and politics.

FIRS, VAT, Tax, Dangote, FHC faults FIRS using banks as tax agents , FIRS boss, Babatunde Fowler’s tenure ends, replacement disclosed

Nigeria is losing $15 billion to tax evasion, FIRS boss reveals

October 23, 2019

The Executive Chairman, of the Federal Inland Revenue Service (FIRS), Babatunde Fowler is worried that several people are successfully evading...

In Sochi, Vladimir Putin has proposed a “unique” economic assistance to Africa

by Emmanuel Abara Benson

October 23, 2019

Some 50 African Presidents (including Nigeria’s Muhammadu Buhari) are in Russia to meet with Putin in what is being called...

National Assembly approves Federal Government’s plan to borrow $11 billion in 2021, Senate urges FG to diversify from crude oil to natural gas production , Senate seeks textile importation ban , Senate receives six aviation sector bills from Buhari , PenCom: Constitute a board, NASS and pension operators tell FG, Nigeria’s total debt now N33trn —Senate, Senate confirms appointment of board members for NDIC, law reform commission, Senate to confirm reappointment of Danbatta as NCC boss, Senate investigates claims of NELMCO, AEDC over govt asset, Senate Investigate Banks over customers exploitation and high fees, 2021 Budget: Senate sets motion for budget defense, commences 2020 review, #EndSARS: States affected by hoodlums should get 1% VAT - Senate, Senate approves National Emergency Medical Services Agency, State House clinic: FG has budgeted N3.5 billion for State House Clinic since 2017

Senate to probe NEPZA over 14.3 billion illegal transfer

October 23, 2019

The Nigerian Export Processing Zones Authority (NEPZA) has come under scrutiny by the Senate Committee on Trade and Investment.

15% of low-income countries are already in debt distress – IMF

Politics

IMF asks Nigeria to cut down on oil subsidy

October 22, 2019

The Federal Government has been cautioned by the International Monetary Fund (IMF) to reduce spending on oil subsidy.

Recovered N31.8 billion Abacha loot was spent on the poor, says FG

Recovered $104 million Abacha loot was spent on the poor, says FG

October 22, 2019

The Federal Government (FG) has disclosed how the recovered $104 million Abacha loot was spent.

Budget

Senate rejects Niger Delta ministry’s N23 billion budget

by Abiola Odutola

The Senate has rejected the capital budget of the Ministry of Niger Delta worth N23 billion in the year 2020...

Cross River State eyes AFREXIM’s $500 million funds

Cross River State has sought a partnership with the African Export-Import Bank (AFREXIM) in order to access $500 million Manufacturers...

FG providing platforms where businesses can thrive - Lai Mohammed, COVID-19: FG inducts committee for creative industry palliatives, LICENSE, FG reiterates commitment to implement reform of broadcasting code , Economy: FG restates commitment to border closure, FG releases new broadcast media regulation to affect DStv’s monopoly , Digital Switch Over (DSO) in broadcasting will transit to a private-sector-driven enterprise - Lai Mohammed, FG needs to explore nation’s tourism as a panacea for unemployment

Politics

FG reiterates commitment to implement reform of broadcasting code

Lai Mohammed has moved for the review and implementation of the recommendations on reforming the Nigerian broadcasting code.

Border Closure: IMF lauds Nigeria's move to curb illegal trade , IMF Links the #EndSARS protests to economic difficulties

Nigeria’s border closure hurting Benin, Niger economies – IMF

The IMF has said that the continuous closure of the Nigerian borders is hurting economies of Benin and Niger Republic.

Zainab Ahmed, N24.9 trillion debt, FG to borrow N1.7 trillion to finance 2020 budget – Finance Minister , VAT Increment: Afrinvest exposes sharing formula of N479.7b expected revenue , Nigeria’s VAT Increase: Penny-Wise, Pound Foolish, Nigeria spends N1.11 trillion to service debt in half year 2019 , Nigeria needs $100 billion annually to fix infrastructural deficit – Finance Minister , Oil: Nigeria makes N5.4 trillion in 1 year , FG secures World Bank’s approval to borrow $3 billion , debt, FG to develop new economic development plan Vision 2040 , Nigeria’s infrastructure gap: Too little too late? , Again, Finance Minister argues that Nigeria is not in debt distress , FG defends $22.7 billion new loans from World Bank, others , Finance Minister wants investors to curb Nigeria’s medical tourism through health investment

FG secures World Bank’s approval to borrow $3 billion