By NINI NDUONOFIT-AKOH THE International Monetary Fund (IMF) has urged Nigeria and other sub-Saharan African countries to strengthen governance, improve fiscal credibility, and reform institutions to lower borrowing costs and attract sustainable financing. At a session during the 2025 IMF/World Bank Annual Meetings in Washington, IMF economists Can Sever and Thibault Lemarie said rising debt […]
HIGH Chief (Dr.) Government Oweizide Ekpemupolo, popularly known as Tompolo, on Thursday reaffirmed his commitment to peace, collaboration, and sustainable development in Delta State as he officially launched the Delta State Security Trust Fund in Asaba. Speaking at the ceremony held at the Government House, where he served as Chief Launcher, Tompolo described the initiative […]
FORMER Niger Delta freedom fighter, Government Ekpemupolo, popularly known as Tompolo, made his first major public appearance in over a decade on Thursday when he launched the Delta State Security Trust Fund at the Government House, Asaba. The event, presided over by Governor Sheriff Oborevwori, attracted top government officials, heads of security agencies, traditional rulers, […]
By TOSI ORE BLOCKCHAIN.COM has called for greater regulatory alignment in Nigeria’s cryptocurrency market to promote responsible growth and protect consumers. Speaking in Lagos, the company’s General Manager for Africa, Owenize Odia, said transparency and cooperation with regulators like the SEC are key to building trust in the digital finance ecosystem. Odia noted that Nigeria […]
By FIDELUS ZWANSON NIGERIA’S September inflation rate is projected to ease to 18.8%, down from 20.1% in August, signaling a possible turning point in the country’s fight against rising prices. The moderation, driven by lower food costs and a stronger naira, could pave the way for another interest rate cut by the Central Bank of […]
By OBI DAVIES NIGERIA’S debt clock is ticking faster than ever. With total public debt surging to ₦152.40 trillion as of June 2025—an 11.6% year-on-year increase—the country finds itself deeper in a fiscal hole, balancing precariously between reform ambitions and financial dependence. The latest data from the Debt Management Office (DMO) paints a sobering picture: […]
By STELLA JOHNSON OGBOVOVEH EVERY basket of tomatoes, every bag of rice, and every tuber of yam that reaches Nigerian markets carries an invisible tax — a toll extracted not by law, but by corruption. Across the nation’s highways, truck drivers ferrying food items are bled dry at countless checkpoints manned by police, soldiers, road […]
By ANITA KNIGHT NIGERIA’S tertiary institutions have 30 days to account for or return all unutilised TETFund allocations, as the Federal Government moves to tighten accountability in higher education funding. Education Minister Dr. Tunji Alausa issued the ultimatum in Abuja, warning that funds lying idle in school accounts would be redirected to priority projects. He […]
By NINI NDUONOFIT-AKOH THE Central Bank of Nigeria (CBN) has set a ₦1.2 million daily limit for cash-out transactions by agent bankers under new operational guidelines aimed at improving transparency, consumer protection, and financial inclusion. The circular, signed by CBN’s Director of Payments System Policy, Musa Jimoh, mandates all agent transactions to be carried out […]
By FIDELUS ZWANSON THE Central Bank of Nigeria (CBN) has reaffirmed its commitment to ensuring the steady supply of clean and fit currency notes nationwide, urging Nigerians to treat the Naira with respect as a symbol of national pride. Speaking at the CBN Special Day during the 20th International Trade Fair in Abuja, the Bank’s […]