Only One State Complies With Fiscal Responsibility Act – FRC
The Fiscal Responsibility Commission (FRC) has raised concerns that only one, out of Nigeria’s 36 states and the Federal Capital Territory (FCT) complies with the Fiscal Responsibility Act’s requirement to conduct a Cost-Benefit Analysis (CBA) before…
Nigeria’s 2025 Eurobond Closes Strong as Maturity Approaches
Nigeria’s 2025 Eurobond closed the week on a strong note, trading above par at $100.352 with a yield of 5.854 per cent, even as its maturity date in November draws near. The bond which was initially issued at a coupon rate of 7.625 per cent, continues…
FG’s Withholding Of LG Funds Against Principle Of Federalism – Ojo
Barrister Olalekan Festus Ojo, Osun State-born human rights lawyer, has said that the withholding of local government funds by the Federal Government raises profound constitutional and governance issues that go beyond Osun State. Reacting to the…
FG Turning Public Services Into Cash Machines, Crushing Nigerians
*Shaking down Nigerians to fund bloated budget On August 28, 2025, the Nigeria Immigration Service (NIS) announced a sharp increase in passport application fees. The cost of the 32-page, 5-year passport has been raised from ₦50,000 to ₦100,000, and…
Guaranty Trust Holding Company plc announces Capital Injection Into GTB
Guaranty Trust Holding Company Plc (GTCO) has announced a strategic capital injection into its wholly owned subsidiary, Guaranty Trust Bank Limited. The investment was executed through the issue and allotment of 6,994,050,290 ordinary shares of fifty…
A ‘stable’ economy with unhappy citizens: An unsettling truth about Nigeria’s story
Two eminent Nigerian economists, along with some notable politicians, recently claimed that the Nigerian economy is stable and therefore heading in the right direction. Their definition of stability is based on the observed behaviour of inflation (the…
Nigeria’s economic reform needs urgency
Often, Nigeria touts its population of over 220 million as a magnet for global investment. But the assumption that population size automatically translates to a robust market is deeply defective. The country’s repeated struggles to attract and retain…
Tinubu Pledges To Accelerate Nigeria’s Development Through Technology
President Bola Ahmed Tinubu has pledged to fast-track Nigeria’s development through technology and food security, aligning with the success models of emerging economies like Brazil. Speaking on Tuesday when he met with a cross section of Nigerians…
Nigeria Losing Revenue to Dominance of ‘Unofficial Exports’ – Experts
As the processed food industry is gaining global recognition, experts have warned that the nation risks losing credit for its progress due to the dominance of informal export channels. Fresh data from the National Bureau of Statistics (NBS) reveals that…
CBN mandates Moniepoint, OPay, PalmPay, others to geotag 4.2 million PoS terminals in 60 days
The Central Bank of Nigeria (CBN) has issued a new directive that will shut down PoS devices that are used outside of a merchant’s registered address. In a circular released on August 25, 2025, the regulator ordered all licensed operators, including…