By Seun Ibiyemi Nigeria’s total public debt stock rose to N159.28 trillion (about 110.97 billion dollars) in the fourth quarter of 2025, up from N153.29 trillion (103.94 billion dollars) recorded in the third quarter, according to the latest report by the National Bureau of Statistics. The report, titled Nigerian Domestic and Foreign Debt Report for…
By Seun Ibiyemi The Nigeria Revenue Service (NRS) has dismissed as false and misleading a viral infographic claiming that the Federal Government has introduced a new vehicle tax effective from July 1. The agency clarified that no such tax had been approved, urging Nigerians to disregard the message and rely only on verified government communication…
By Seun Ibiyemi Mixed reactions have continued to trail President Bola Tinubu’s request for Senate approval of a fresh $516 million external loan to finance sections of the Sokoto–Badagry Super Highway. The President had written to the Senate, seeking approval for a $516,333,070 loan expected to be sourced from Deutsche Bank. The letter, addressed to…
By Seun Ibiyemi The Nigeria Customs Service (NCS) has strengthened its strategic engagement with the Royal Malaysian Customs Department in a renewed push to enhance international customs cooperation, trade facilitation, and border security. This development followed an official visit by the Comptroller-General of Customs, Bashir Adewale Adeniyi, MFR, to the headquarters of the Royal Malaysian…
By Seun Ibiyemi Unilever Nigeria Plc has reported a 26 per cent increase in revenue to N59.2 billion for the first quarter ended March 31, 2026, up from N46.9 billion recorded in the corresponding period of 2025. The company disclosed this in its unaudited financial results submitted to the Nigerian Exchange Limited on Thursday in…
By Seun Ibiyemi President Bola Tinubu has formally requested the Senate’s approval for a $516.3 million syndicated loan to finance key sections of the Sokoto–Badagry Superhighway, a flagship infrastructure project under his administration’s Renewed Hope Agenda. The request was conveyed in a letter read during plenary on Thursday by Senate President Godswill Akpabio, seeking legislative…
By Seun Ibiyemi Nigeria’s total debt servicing cost rose to about ₦16 trillion in 2025, driven largely by higher domestic interest payments and sustained external debt obligations, according to an analysis of data from the Debt Management Office. The figure represents an increase of ₦2.98 trillion, or 22.9 per cent, compared to approximately ₦13.02 trillion…
By Seun Ibiyemi The Federation Account Allocation Committee (FAAC) has distributed a total of ₦2.036 trillion among the Federal Government, state governments, and Local Government Councils (LGCs) for March 2026. The revenue sharing was finalised at the committee’s April meeting held in Abuja, according to a communiqué issued at the end of the session. The…
By Seun Ibiyemi Members of the Nigerian Institute of Public Relations (NIPR) have applauded the ongoing transformation within the Nigerian Railway Corporation (NRC), describing it as a significant step toward revitalising the nation’s transport infrastructure. The commendation was made on Monday aboard an Abuja–Kaduna train, as NIPR members travelled to Kaduna for the Institute’s Annual…
By Seun Ibiyemi The Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) have signed a Memorandum of Understanding (MoU) aimed at strengthening consumer protection and combating fraud across Nigeria’s telecommunications and financial sectors. The development was disclosed in a statement issued on Monday in Abuja by NCC spokesperson, Nnenna Ukoha. According to…
