Uncategorized Archives - Page 9 of 41

Tinubu Defends Fuel Subsidy Removal, Tax Reforms As Necessary Steps To Stabilise Economy

NewsDeskNgMay 15, 2026May 15, 20260

President Tinubu says painful reforms introduced by his administration were necessary to stabilise Nigeria’s economy and secure future growth. President Bola Tinubu on Friday strongly defended the removal of fuel subsidy and the unification of the foreign exchange market introduced at the start of his administration in 2023, describing both...

ADC Accuses FG Of Running ‘Ponzi Economy’

NewsDeskNgMay 15, 2026May 15, 20260

ADC has criticised federal government borrowing spree, alleging Nigeria’s economy is unsustainable and worsening citizens’ hardship nationwide. The African Democratic Congress (ADC), has criticised the federal government over Nigeria’s rising debt profile, accusing the administration of President Bola Tinubu of running what it described as a “Ponzi economy” sustained by...

Nigeria Needs $100bn Yearly To Bridge $2.3tn Infrastructure Gap, Stakeholders Warn

NewsDeskNgMay 15, 2026May 15, 20260

Stakeholders urged Nigeria to unlock private capital and PPPs to tackle its widening $2.3 trillion infrastructure deficit. Nigeria’s infrastructure financing crisis took centre stage at the 2026 Infrastructure Dialogue held in Abuja, where top government and private sector leaders warned the country’s widening infrastructure gap—estimated at $2.3 trillion—can no longer be addressed...

Nasarawa Government Shuts Down Mining Firm Over Alleged Security Breaches

NewsDeskNgMay 14, 2026May 14, 20260

Nasarawa government shuts Lideal Mines Company over alleged security breaches and orders immediate withdrawal from its mining site. The Nasarawa State Government has ordered the immediate shutdown of Lideal Mines Company in Endo Community, Udege Development Area, over alleged security concerns and failure to comply with agreements reached with the...

Nasarawa Pilgrim Dies In Makkah At 70 During 2026 Hajj Exercise

NewsDeskNgMay 14, 2026May 14, 20260

Nasarawa pilgrim Hajiya Rukayya Haliru dies in Makkah at 70 after brief illness during 2026 Hajj exercise. The Nasarawa State Muslim Pilgrims Welfare Board has confirmed the death of one of its 2026 pilgrims, Hajiya Rukayya Haliru, who died at the age of 70 in the Holy City of Makkah...

CBN MPC Member Warns Unchecked Fiscal Spending Could Undermine Inflation Gains

NewsDeskNgMay 14, 2026May 14, 20260

CBN MPC member warns fiscal spending, especially electoral-driven releases, could reverse Nigeria’s fragile disinflation and inflation gains. A member of the Central Bank of Nigeria’s Monetary Policy Committee (MPC), Professor Murtala Sabo Sagagi, has warned that Nigeria’s efforts to curb inflation could be undermined if fiscal spending is not properly...

Report: Naira Devaluation Added N43tn To Nigeria’s Debt Stock, Not Excessive Borrowing

NewsDeskNgMay 14, 2026May 14, 20260

Report says naira depreciation inflated Nigeria’s foreign debt valuation without equivalent increases in actual borrowing obligations. Nigeria’s debt sustainability concerns are driven more by elevated interest rates and exchange rate volatility than excessive new borrowing, according to a report by The Briefing – Macro & Markets. The report countered growing...

Soyinka To Chair NADECO 32nd Anniversary As Opadokun Unveils Memoir

NewsDeskNgMay 13, 2026May 13, 20260

NADECO will honour pro-democracy heroes as Soyinka chairs anniversary event and Opadokun unveils coalition memoir in Lagos. The Nobel Laureate, Professor Wole Soyinka, will chair the 32nd anniversary celebration of the National Democratic Coalition (NADECO), in a commemorative event set to honour key figures and institutions in Nigeria’s pro-democracy struggle....

Tinubu Arrives Kigali For Africa CEO Forum, To Defend Nigeria’s Reform Agenda

NewsDeskNgMay 13, 2026May 13, 20260

President Tinubu arrived Kigali for the Africa CEO Forum, where he will defend Nigeria’s reforms and regional cooperation. President Bola Tinubu has arrived in Kigali ahead of the 13th edition of the Africa CEO Forum, where he is expected to present Nigeria’s economic reform agenda and engage global business leaders...

Tinubu Demands Global Financial Reforms, Says Africa Cannot Develop Under Current System

NewsDeskNgMay 13, 2026May 13, 20260

President Tinubu says Africa’s industrial future is being undermined by punitive global financial structures and unfair borrowing costs. President Bola Tinubu on Tuesday called for urgent reforms to the global financial architecture, warning that the current system is frustrating Africa’s industrialisation efforts and slowing the continent’s economic development. Speaking at...