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The Nigerian president revealed his inaugural budget, which aims to address the country's escalating cost-of-living crisis. The proposed expenditure for the upcoming financial year is 27.5 trillion naira ($34.85bn; £27bn). Bola Ahmed Tinubu expressed confidence that these plans would stimulate investment and provide hope amidst the
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On Saturday, November 20, President Bola Tinubu will travel from Abuja to Berlin, Germany, to attend the G20 Compact with Africa (CwA) Conference. The conference, hosted by German Chancellor Olaf Scholz, will bring together President Tinubu, along with other leaders from CwA member countries, bilateral partners, and Heads of International
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The World Bank has released approximately $300 million out of the $800million budgeted for Nigeria's National Social Safety Net Program-Scale Up (NASSP-SU). The disbursement is coming after the World bank approved the programme on December 16, 2021. The money has already flowed into the Nigerian national treasury and
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The German Chancellor, Olaf Scholz in a meeting with President Bola Ahmed Tinubu in Abuja on Tuesday, November 7, provided an explanation for the potential deportation of 14,000 Nigerians residing in Germany. The reason behind this action is the significant increase in the number of Nigerians seeking asylum. Many
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German Chancellor Olaf Scholz met with Nigerian President Bola Tinubu on Sunday,29th October 2023 to discuss trade and investment opportunities during a West Africa tour, as the European country looks to diversify its trade partners and expand economic partnerships in the energy-rich region. The Chancellor said his country is
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The Federal Executive Council in a Council Meeting on Monday October 23rd, presided on by the Nigerian President ,Bola Tinubu granted approval for a loan of $3.45 billion to fund five projects. Wale Edun, the minister of finance and coordinating minister of the economy, announced at the meeting'
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Vice President Kashim Shettima on Wednesday, October 18 met with China's President, Xi Jinping in Beijing. The meeting took place during the ongoing Third Belt and Road Forum. In the meeting, President Xi Jinping stated that China is ready to finance and complete some railway projects in Nigeria.
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Nigeria has experienced a significant increase in inflation, reaching a rate of 26.72% in September 2023. There was a slight increase of 0.92% from August's percentage of 25.80% and was primarily due to the surging cost of food and the challenging economic conditions resulting from
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The International Monetary Fund (IMF) in a meeting with the World Bank Group / International Monetary Fund in Marrakech, Morocco stated that Nigeria has the option to seek a loan from the Fund to stabilize the currency, considering the current pressure on the naira. The IMF also showed approval for the
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Most times, the aspirations of the deputy governors aspiring to become governors focus is rarely on serving the people, rather it revolves around personal ambition and the allure of wielding the extensive powers that governors possess.
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The Nigerian Federal Government has proposed a bill aimed at regulating media platforms. The bill that has been presented to the National Assembly is targeted at revoking and revising the current NBC Act, CAP L11, Laws of the Federation of Nigeria 2004. During the meeting held at the commission'
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The Nigerian National Petroleum Corporation (NNPC), a state-owned oil company, has become the exclusive importer of petrol, while other competitors face challenges due to a shortage of foreign currency. According to Mele Kari, the Chief Executive of NNPC who states that the corporation is once again the sole importer of