Economy

FG wipes out $1.42bn, ₦5.57trn NNPC debt after reconciliation

President Bola Tinubu has approved the cancellation of a substantial portion of the debts owed by the Nigerian National Petroleum Company Limited to the...

States, LGs cut bank loans by ₦547.5bn as FAAC inflows rise

States and Local Government councils reduced their bank borrowings by about ₦547.52 billion in one year, as Federation Account inflows surge, according to findings. Figures...

Akpabio gives 10 fishing boats to Akwa Ibom women 

The President of the Senate, Godswill Akpabio, on Boxing Day, donated 10 outboard engine fishing boats to women and cooperative groups from Akwa Ibom...

ALGON, rights lawyer urge govs to respect LG autonomy

The Secretary General of the Association of Local Governments of Nigeria (ALGON), Mohammed Abubakar, and a human rights lawyer, Inibehe Effiong, have urged state...

Passenger car imports rebound to ₦1.01tn in nine months 

Nigeria’s importation of passenger motor cars rebounded strongly in 2025 as relative stability in the foreign exchange market eased pressure on dealers and buyers,...

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