Category: Finance

FG denies spending ₦8trn outside approved budget, faults IMF claim

The Federal Government has dismissed claims that it spent over N8 trillion outside the approved...

Banking, industrial stocks drag NGX lower amid selloffs

The Nigerian equities market extended its losing streak on Thursday, July 2, 2026, falling 0.61...

Customs rake in ₦3.35tn revenue in five months

The Nigeria Customs Service generated N3.35 trillion in revenue between January and May 2026, driven...

Naira depreciates to ₦1,403/$ as market tap widens

The Naira on Thursday depreciated to N1,403 per dollar in the parallel market from N1,385...

Consumer credit falls ₦780bn despite improved banking liquidity

Nigeria’s consumer credit outstanding fell by N780 billion in February 2026, as elevated lending rates...

20 Nigerian states to get $27m W’Bank grants

A total of 20 Nigerian states will receive a combined $27 million in performance-based grants...

Nigeria omitted 2% GDP spending from budgets — IMF

Nigeria failed to record public spending equivalent to about 2 per cent of its Gross...

W’Bank grants Nigeria’s $1.25bn loan request despite backlash

The World Bank has approved a fresh $1.25 billion loan for Nigeria under its Nigeria...

World Bank to end loans to China by 2031

The World Bank will phase out its lending to China by 2031 under its new...

Naira trades at ₦1379.80/$ at official FX market

The naira began trading at an official exchange rate of ₦1,379.80 per United States dollar...

NGX investors lose ₦2.4tn as profit-taking continues

The Nigerian stock market has sustained profit taking for second consecutive weeks, as investors lost...

FG plans review of ₦70,000 minimum wage

The Federal Government has signalled plans to review the national minimum wage, stating that the...