NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable
NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable

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My administration’s most impactful achievement is bold tax reform agenda, says Tinubu

PRESIDENT Bola Tinubu says his administration’s most impactful achievement is its bold tax reform agenda, which he claims are already yielding results. “By the end of 2024, our tax-to-GDP ratio rose from 10% to over 13.5%, a remarkable leap in just one year. This was not by accident. It results from deliberate improvement in our […]

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May 28, 2025 post

Shock as Tinubu borrows N96trn in 2 years, raises Nigeria’s debt to N183trn

THE Bola Ahmed Tinubu administration has put Nigeria in huge debt as it has borrowed nearly N96 trillion in two years, sending shockwaves among citizens. He has submitted proposals at the National Assembly to borrow nearly N39 trillion from multilateral agencies in one fell swoop, taking the nation’s debt profile to nearly N183 trillion. On […]

May 20, 2025 post

Again, economists question integrity of National Bureau of Statistics’ inflation, job data

ECONOMISTS are once again raising questions over the integrity of data produced by the National Bureau of Statistics (NBS), particularly its inflation and job figures, stating that they lack some level of credibility. The NBS is a body charged with the computation of national data on inflation, employment, crimes, among others, in Nigeria to aid […]

May 17, 2025 post

Secret behind Oando’s change in fortunes after Tinubu became president in 2023

IF you were an investor in 2021 or 2022, you would probably not stand the mention of Mr Wale Tinubu-led Oando Plc. It wasn’t going to be your fault because data would support your decision.  The oil and gas company lost N81.231 billion in the full-year 2022 and N74.723 billion in 2023. Economy Post reported […]

May 13, 2025 post

Nigeria’s external reserves are falling fast as CBN supports weak naira

THE Central Bank of Nigeria (CBN) is still supporting the naira despite claims that it is not. Consequently, the external reserves are falling very fast, slumping to an 8-month low in April 2025. The International Monetary Fund (IMF) defines external reserves or foreign exchange (FX) reserves as “those external assets that are readily available to […]

May 07, 2025 post

Wema Bank loses N263m to fraudsters after heavy investment in technology

WEMA Bank Plc lost N263.409 million to fraudsters and burglars in the first quarter (Q1) of 2025 after making heavy investments in the information technology (IT) space. The bank invested N389.902 million in technology in the period under review, according to its Q1 2025 financial statement released to the Nigerian Exchange Group. The tier-2 bank […]

May 02, 2025 post

US agencies fail to release Tinubu’s drug files 2 years after request

.Now seeks 90-day extension THE Federal Bureau of Investigation (FBI) and the Drug Enforcement Administration (DEA) have sought a 90-day extension for the release of the records of Nigeria’s President, Mr Bola Ahmed Tinubu, disappointing Nigerians who had looked forward to seeing the files containing the president’s past. This is 2 years since the case […]

Apr 28, 2025 post

Sexual harassment: Natasha mocks Akpabio in satirical ‘apology’ letter

KOGI Central senator, Ms Natasha Akpoti-Uduaghan, has penned a satirical letter mocking Senate President Godswill Akpabio for wrongfully suspending her for six months. The embattled Ms Akpoti-Uduaghan was suspended for “misconduct” and the violation of the Senate rules, according to the Senate Committee on Ethics and Privileges. She had challenged Mr Akpabio in the chambers […]

Apr 27, 2025 post

Tinubu inducing opposition members to defect to APC, Odinkalu, Ojudu, 15 others claim

A GROUP comprising 17 Nigerian citizens has accused President Bola Tinubu of inducing opposition members to defect the ruling All Progressives Congress (APC), alleging that the number one man in Nigeria is planning to create a one-party state. In a statement on Sunday entitled, ‘Defending Democracy: A Call to Resist the March Toward a One-Party […]