Browsing Tag
Nigeria Economy
56 posts
Federal Government Opens N1.1 Trillion Bond Auction for August
The Debt Management Office has announced the opening of N1.1 trillion in Federal Government bonds for subscription this August, featuring various tenors and interest rates.
NIPSS and Creative Ministry Collaborate to Boost Nigeria’s Economy to $1 Trillion by 2030
NIPSS and the Federal Ministry of Art, Culture, Tourism and the Creative Economy are partnering to leverage the creative sector to help reach Nigeria’s $1 trillion GDP goal by 2030.
NERC Replaces Kaduna DisCo Board Following N456 Billion Debt Crisis
NERC has dissolved the Kaduna Electricity Distribution Company board and appointed an administrator due to a massive N456 billion debt and failing operational standards.
August 11, 2026: Official and Parallel Market Naira Exchange Rates
On August 11, 2026, the naira traded at ₦1,368 in the official market while the parallel market rate reached ₦1,405, reflecting a stable spread of roughly ₦37.
Rufai Oseni Challenges NRS Chair Adedeji on Subsidy Removal Claims
Rufai Oseni demands that the NRS chairman account for financial losses caused by inflation after Adedeji praised the government's fuel subsidy removal policy.
Geregu Power faces scrutiny after missing N40 billion bond payment
Geregu Power, recently acquired by entities linked to Senator Yari, has defaulted on a N40 billion bond obligation amid a sharp decline in profitability.
Donald Duke advocates for radical restructuring of Nigeria’s financial framework
PRP presidential aspirant Donald Duke calls for sweeping financial reforms, arguing that high interest rates and poor spending choices are suppressing Nigeria's economic potential.
Taraba State disputes N1.2 trillion debt report as inaccurate
The Taraba State government has dismissed reports of a N1.2 trillion debt burden, clarifying that authorized credit lines and proposed financing should not be conflated with the state's actual current liabilities.
President Tinubu Announces Plans for NNPCL Stock Exchange Listing
President Bola Tinubu confirmed that the NNPCL will be listed on the Nigerian Exchange Limited as part of broader efforts to reform and modernize the nation's oil sector.
NAICOM Cancels Nigeria Reinsurance Corporation Licence Held by Jimoh Ibrahim
NAICOM has officially withdrawn the licence of Nigeria Reinsurance Corporation, citing a failure to satisfy capital requirements, and has appointed a liquidator to oversee the company's affairs.