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Tinubu Seeks Fresh $516.3 Million Loan For Construction of Sokoto–Badagry Superhighway

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By Obioha Victor President Bola Tinubu has requested Senate approval to secure a $516.3 million loan from Deutsche Bank AG. The borrowing would be backed...
Business

FAAC Disbursements Hit N2.036trn in March as Tinubu-Era Allocations Surge Past N30trn

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The Federation Account Allocation Committee (FAAC) has shared N2.036 trillion as revenue for March 2026, reinforcing a historic surge in public revenue distribution under...
Business

Tinubu Reshuffles Cabinet, Removes Edun, Dangiwa; Elevates Oyedele, Nominates Darma

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President Bola Ahmed Tinubu has approved a minor reshuffle of the Federal Executive Council (FEC), removing the Minister of Finance, Wale Edun, and the...
Business

Tinubu’s ₦3.3tn Power Sector Payout Elicits Hope – and Skepticism – in Nigeria’s Long Struggle with Unreliable Electricity

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President Bola Tinubu has approved a ₦3.3 trillion payment plan aimed at clearing a decade-long backlog of debts in Nigeria’s troubled power sector, a move...
Business

Amid Rising Fiscal Pressures and Debt Concerns NASS Approval of ₦68.3trn 2026 Budget Stirs Concern

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Nigeria’s National Assembly has approved a ₦68.3 trillion budget for the 2026 fiscal year, marking one of the largest spending plans in the country’s...
Business

Approval of $6bn Loan in 4hours: Atiku slams Tinubu, Senate

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Press Statement Former Vice President and chieftain of the African Democratic Congress, Atiku Abubakar has expressed deep concern over reports that the Senate approved...
Business

Senate Approves Tinubu’s $6bn Loan Plan Amid Economic Debate

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The Senate on Tuesday approved a $6 billion external borrowing request by President Bola Tinubu, fast-tracking a decision that has triggered fresh debate among...
Business

Abuja Firm Slams N5Bn Suit Against Civil Defence Corps Over Unlawful Shutdown of Work

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An Abuja based Company, Stone Rockers Limited has instituted a N5Bn Suit against the Nigeria Security and Civil Defence Corps (NSCDC) over an alleged...
Business

Tinubu Sets Up High-Level Task Force to Drive Petroleum Sector Reforms

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President Bola Ahmed Tinubu has approved the establishment of a Presidential Petroleum Reform and Value Optimisation Task Force to design and implement the next...
Business

Court Adjourns N100m Suit Between EEDC and Anambra Activist to May 25

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By Chuks Collins, Awka A Federal High Court sitting in Awka, Anambra State, has adjourned until May 25, 2026, further proceedings in a ₦100 million...
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