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IMF urges stronger crypto regulation in Nigeria to enhance stability

The International Monetary Fund has urged Nigeria to incorporate stablecoins and other crypto-asset activities into its regulatory framework. The recommendation is part of wider measures designed to strengthen financial stability and protect recent macroeconomic improvements. This was stated in the IMF’s latest Article IV Consultation report on Nigeria, which was concluded by its Executive Board […]

Business

ALTON plans N1.86tn investment to boost network expansion

Nigerian telecom operators said on Monday that they plan to invest about N1.86 trillion in 2026 to expand infrastructure, boost network capacity, and improve service quality across the country. The Association of Licensed Telecommunications Operators of Nigeria stated that the funds will go into network expansion, technology upgrades, and other operational improvements aimed at enhancing […]

Finance

Lawmakers don’t fix their salaries, RMAFC does — Senate leader

Senate Leader, Opeyemi Bamidele, has dismissed claims that federal lawmakers determine their own allowances. Rather, he insisted that salaries and official vehicle entitlements for members of the National Assembly were fixed by Revenue Mobilisation, Allocation and Fiscal Commission. The News Agency of Nigeria reported that Bamidele was reacting to a court ruling that declared national […]

Policy and Regulations

Reps summon finance minister over worsening insecurity despite defence funding

The House of Representatives, on Tuesday, summoned Service Chiefs and the Finance Minister and Coordinating Minister of the Economy to appear before it and provide a detailed account of funds released to the military, amid growing concerns over the worsening security situation across the country, despite huge budgetary allocations to defence. The resolution followed the […]

Economy featured

FG admits inflation, insecurity persist despite ongoing economic reforms

The Federal Government on Tuesday acknowledged that inflation and insecurity remain major challenges facing Nigerians, even as it defended the economic reforms introduced by President Bola Tinubu’s administration over the past three years. The PUNCH reported that speaking at a press conference to mark the 2026 Democracy Day celebration in Abuja, Secretary to the Government […]

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IMF projects Nigeria’s external debt to hit $72.6bn by 2027

Nigeria’s public external debt is projected to rise by $20.7bn by 2027, the country’s election year, according to the International Monetary Fund. The IMF disclosed this in its 2026 Article IV Consultation report on Nigeria released on Tuesday, projecting that public external debt would increase from $51.9bn in 2025 to $72.6bn by 2027. The projected […]

Economy featured

FG defends Tinubu reforms, says Nigeria on path to recovery

The Federal Government on Tuesday mounted robust defence of President Bola Tinubu’s reform agenda, declaring that Nigeria is steadily emerging from economic fragility and laying the foundation for long-term prosperity, despite pains associated with ongoing reforms. The PUNCH reported that at a high-profile Democracy Day press conference in Abuja on Tuesday to mark Nigeria’s 27th […]

Business

FG pledges stronger fiscal reporting, transparency after IMF review

The Federal Government has pledged to strengthen fiscal reporting, budget transparency, and data integrity in line with recommendations from the International Monetary Fund, while welcoming the Fund’s broadly positive assessment of Nigeria’s ongoing economic reforms. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed this in a statement issued on Tuesday […]

Business

FG unveils $1bn AfCFTA credit facility to boost African trade

The Federal Government has reiterated its commitment to advancing Nigeria’s export-driven growth under the African Continental Free Trade Area, announcing opportunities for businesses to access a $1 billion AfCFTA Adjustment Fund Credit Facility aimed at strengthening production, competitiveness, and intra-African trade. The Minister of Industry, Trade and Investment, Jumoke Oduwole, made this known on Tuesday […]

Tech

Spyware firm targeted WhatsApp users despite US court order

Meta says a spyware company has been targeting WhatsApp users with malicious links, despite a US court order banning such activity. In a statement, Meta said WhatsApp detected and blocked spear-phishing attempts linked to the NSO Group. The company said the attacks appeared to target a small number of users in Jordan and Lebanon, and […]

Tech

TikTok deletes 4m videos, shuts 86,000 live sessions in Nigeria

TikTok removed more than four million videos and terminated over 86,000 live sessions in Nigeria during the fourth quarter of 2025 as it intensified efforts to curb harmful content on the platform. According to TikTok’s Q4 2025 Community Guidelines Enforcement Report, cited by the News Agency of Nigeria, the measures form part of the company’s […]

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