Nigeria’s pension industry and FSD Africa are developing a proposed $750 million infrastructure fund, with 19 pension funds expressing interest and an initial fundraising target of $350 million in 2027.
Tag: Nigerian Economy
CBN Introduces Digital Fiscal Reporting System for 36 States, FCT and 774 LGAs!
The Central Bank of Nigeria introduces digital fiscal reporting for 36 states, the FCT and 774 LGAs to improve government financial data, transparency and economic policymaking.
CBN Introduces Digital Fiscal Reporting System for 36 States, FCT and 774 LGAs to Improve Economic Data!
The Central Bank of Nigeria is digitalising fiscal reporting across 36 states, the FCT and 774 LGAs to improve financial data accuracy, transparency and economic policymaking.
Dangote Reveals He Paid 44% Interest on Loans for Obajana Cement Plant, Says He Never Defaulted!
Aliko Dangote reveals that he paid 44 per cent interest on loans used to build the Obajana Cement plant, highlighting Nigeria’s high borrowing costs and industrialisation challenges.
Mutfwang Accuses Buhari Administration of Selling Nigeria’s Future Crude Oil, Says Tinubu Is Still Paying Debts!
Plateau Governor Caleb Mutfwang accuses Buhari’s administration of selling future crude oil, claiming Tinubu’s government is still servicing the resulting financial obligations.
Obasanjo Challenges Tinubu’s Borrowing Policy, Says Debt Threatens Future Generations!
Olusegun Obasanjo challenges President Tinubu’s borrowing policy, warning that Nigeria’s rising public debt could burden future generations.
Tinubu Defends Nigeria’s $21.7 Billion Borrowing Plan, Says Infrastructure Investments Will Benefit Future Generations!
President Bola Tinubu defends Nigeria’s proposed $21.7 billion borrowing plan, citing infrastructure development, job creation and economic opportunities while public debt concerns persist.
Nigeria’s Inflation Falls to 14.63% in September Despite Rising Energy Costs!
Nigeria’s inflation rate fell to 14.63% in September 2026, but rising energy costs and persistent food price pressures continue to challenge households and businesses.
17.9 Million More Nigerians Fell Into Multidimensional Poverty Between 2021 and 2024 – UNDP Report!
UNDP reports that 17.9 million more Nigerians fell into multidimensional poverty between 2021 and 2024, raising the rate to 38.7 per cent.
FG Announces 30-Day Petrol Discount at NNPC Stations, Targets ₦1,350 Petrol Cost Ceiling!
Nigeria’s Federal Government announces a 30-day petrol discount at NNPC stations, prioritises public transporters and negotiates a ₦1,350-per-litre petrol cost ceiling.
ACF ‘Congratulates’ Bwala After Admitting Tinubu’s Reforms Increased Poverty!
ACF has sarcastically “congratulated” Daniel Bwala after the presidential adviser acknowledged that Tinubu’s economic reforms increased poverty, while insisting Nigeria has made significant economic progress.
Tinubu Signs Fourth Amendment to 2025 Budget, Extends Implementation Deadline to December 31!
President Bola Tinubu has signed the fourth amendment to Nigeria’s 2025 budget, extending capital budget implementation from September 30 to December 31, 2026.
Nigeria FX Market Turnover Rises 11% to $2.63bn as Spot and Derivatives Trading Recover!
Nigeria’s FX market turnover rose 11.02% to $2.63bn in the week ended September 25, driven mainly by stronger spot trading and a recovery in derivatives.
Investors Submit ₦6.1tn for CBN OMO Bills as Demand Surges After Rate Cut!
Investors submitted ₦6.1tn for CBN OMO bills as demand surged after Nigeria’s rate cut. Weng Global examines the auction, yields and market implications.
Nigeria’s Budget Too Small for Its Population and Development Needs — Bagudu!
Budget Minister Abubakar Bagudu says Nigeria’s budget remains too small for its population and development needs, citing weak revenue mobilisation and fiscal constraints.