Senate Declares Deficit Financing Permanent

Economy

Your 2026 budget carries a ₦25.27 trillion deficit—nearly half the entire ₦58.47 trillion spending plan. On Monday, Senate Appropriations Chairman Solomon Adeola didn’t promise belt-tightening. Didn’t promise better revenue collection. He promised more...

Tinubu Tells World Bank: No Turning Back on Reforms

Economy

President doubles down on policies that collapsed purchasing power President Tinubu met World Bank officials Tuesday and delivered his economic reform message: “We have our hands on the plough, and we’re never going to look back.” World Bank Managing...

World Bank Opens $250bn Door to Nigerian Firms

Economy

Global procurement opportunity meets local capacity gap The World Bank announced it’s opening $250 billion in global procurement opportunities to Nigerian companies—a chance for local firms to compete for international development contracts across sectors. On...

WHEN FORMAL JOBS DRY UP

Economy

Formal employment is collapsing across Nigeria. Companies can’t sustain staffing costs. Government hiring freezes extend indefinitely. So Nigerians are building survival businesses—small-scale trade, services, anything that generates income. This isn’t...

Your Dollars Got Slightly Cheaper Today: Naira at N1,490

Economy

Bite-sized: The naira closed at N1,490 per dollar today in the parallel market, appreciating from recent N1,500+ levels. Small movement, real impact. If you’re changing money, dollars cost slightly less. If you’re paying school fees abroad, the...