Category: Finance

Nigeria’s external reserves hit $52.66bn in August

Nigeria’s external reserves have expanded by $7.09 billion since the start of 2026, climbing to...

Lagos pensioners give Sanwo-Olu August 31 deadline over unpaid arrears

Lagos State Government is facing a looming confrontation with retirees under the Contributory Pension Scheme...

Pension contributions rose to 11.18 million in Q1

Federal Government’s National Pension Commission, PenCom, has said cumulative Retirement Savings Account registrations under the...

Benue govt okays ₦294.53m for malaria chemo-prevention campaign

The Benue State Government has approved N294.53m as counterpart funding for the 2026 Seasonal Malaria...

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...

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...

States receive ₦435bn from new FAAC infrastructure, security funds

State governments are receiving billions of naira through a relatively new Federation Account Allocation Committee...

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...

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...

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...

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...

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,...