Domestic transactions on NGX hit record ₦10.68trn in July
Domestic transactions on the Nigerian Exchange Limited rose to a record N10.68 trillion in July 2026, surpassing the total value recorded in…
Finance
Naira strengthens to ₦1,346.90/$ amid surge in FX activity
The naira strengthened by 0.84 per cent against the United States dollar at the Nigerian Foreign Exchange Market this week, closing at…
States receive ₦435bn from new FAAC infrastructure, security funds
State governments are receiving billions of naira through a relatively new Federation Account Allocation Committee intervention for infrastructure and security, with available…
FG borrowed ₦11.9tn in 31 months, says Oyedele
The Federal Government borrowed N11.9 trillion between June 2023 and December 2025, but says the amount would have been significantly higher without…
States’ 2026 budgets rise 47.5% to ₦40.14tn
Nigeria’s 36 states and the Federal Capital Territory have increased their combined budgets by 47.5 per cent, from N27.22tn in 2025 to…
Gombe approves ₦148.762m monthly subvention for state university
Gombe State Governor, Muhammadu Yahaya, on Wednesday, approved an additional N148.762 million monthly subvention for Gombe State University to facilitate the implementation…
FG spent N9.39tn on wage hike, allowances in 31 months – Oyedele
The Federal Government spent N9.39 trillion on wage adjustments, minimum wage increases and allowances for public servants between June 2023 and December…
Naira holds steady at ₦1,350/$ in official FX market
The naira remained relatively firm against the United States dollar on Wednesday, August 19, 2026, with the currency trading around the N1,350…
Federal, states, LGs share ₦3.007trn July FAAC
The three tiers of government have shared N3.007 trillion as July 2026 revenue. The revenue was shared at the Federation Account Allocation…
60% of Africa’s trade costs stem from within — W’Bank
Africa’s biggest trade obstacles are occurring within countries rather than at the border, with about 60 per cent of total trade costs…
Student loan: How to apply for NELFUND
To apply for the Nigerian Education Loan Fund (student loan), applicants should visit the NELFUND portal, click “Apply Now,” verify their JAMB…
NELFUND caps loan repayment at 10% of graduates’ monthly income
Repayment of loans obtained from the Nigerian Education Loan Fund has been capped at 10 per cent of a beneficiary’s gross monthly…