The Federal Government has stepped up engagement with the World Bank for a fresh $1.25bn loan to support economic reforms, job creation, and competitiveness, as findings by The PUNCH showed that the facility has reached a critical stage in the lender’s approval process. The proposed loan, titled Nigeria Actions for Investment and Jobs Acceleration, is…
A new pattern of complaints has emerged among Nigerian electricity consumers, with metering challenges accounting for the largest share of grievances in 2025. This marks a shift from the previously dominant complaints about the high cost of estimated billing, which had been the most prevalent issue among consumers in recent years. This came as Nigerians…
President Bola Tinubu has written to the Senate, seeking approval to borrow a fresh $516,333,070 loan. In a letter to the President of the Senate, Senator Godswill Akpabio, which was read on Thursday during plenary, the loan will be obtained from Deutsche Bank, and it is aimed at financing the already approved borrowing plan for…
President Bola Tinubu has approved a minor reshuffle of the Federal Executive Council, removing the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the Minister of Housing and Urban Development, Ahmed Dangiwa, from their cabinet positions. A statement on Tuesday by the Special Adviser, Media and Publicity to the Secretary to…
The Federal Government has approved the implementation of the 2026 Fiscal Policy Measures, FPM, introducing sweeping changes to import tariffs aimed at stimulating growth across key sectors of the economy. The approval was conveyed in a document dated April 1, 2026, and signed by the Minister of Finance, Wale Edun. The new policy replaces the…
By Ahmed Abdulaziz The European Union (EU), the Federal Government of Nigeria, and the United Nations Industrial Development Organisation (UNIDO) have issued an urgent call for action to curb the staggering levels of food waste in Nigeria, citing its devastating impact on the economy, food security, and the environment. The disclosure was made in Abuja…
President Bola Tinubu has requested the Senate’s approval to secure external loans totaling $6 billion to support government financing needs. The request was conveyed in two separate letters addressed to Senate President Godswill Akpabio and read during Tuesday’s plenary. In the first letter, the President sought approval to obtain a $5 billion loan from Abu…
The Federal Government has declared Thursday, March 19, and Friday, March 20, 2026, as public holidays to mark the celebration of Eid-el-Fitr, which signifies the end of the Muslim holy month of Ramadan. The declaration was made by the Minister of Interior, Olubunmi Tunji-Ojo, on behalf of the Federal Government. In a statement on Tuesday…
The National Emergency Management Agency has cautioned Nigerians about the increased risk of fire outbreaks and heat-related health challenges following the rising temperatures being experienced across parts of the country. The warning was contained in a statement issued on Saturday by the agency’s Head of Press and Public Relations, Manzo Ezekiel, on behalf of the…
President Bola Ahmed Tinubu on Monday said Nigeria has begun to overcome the economic challenges that confronted his administration, declaring that state governors are no longer relying on bank loans to pay workers’ salaries. Tinubu made the remark while hosting religious and traditional leaders at an interfaith breaking of fast at the Presidential Villa in…
