Nigeria’s External Debt Rises to $145bn in 2025, World Bank Report Shows
Nigeria’s external debt rose to $145.015 billion in 2025, representing a 6.6 per cent increase from the previous year, according to the World Bank’s International Debt Report 2026. The latest figures indicate that Nigeria’s external debt has increased…
Obasanjo Slams Tinubu’s Economic Reforms, Says Naira Devaluation Deepened Hardship
Former President Olusegun Obasanjo has criticised President Bola Tinubu’s economic reforms, arguing that the sharp depreciation of the naira and the removal of the petrol subsidy have worsened the financial hardship facing Nigerians. Obasanjo made the…
Emir of Katsina Challenges Yari to Tell Tinubu the Truth as Insecurity Hits Farmers
The Emir of Katsina, Alhaji Abdulmumini Kabir Usman, has urged Senator Abdulaziz Abubakar Yari to speak honestly about Nigeria’s worsening security and economic challenges, warning that insecurity is preventing farmers from accessing their farmlands. The…
Naira Exchange Rate Today: See Dollar to Naira Official and Black Market Rates for October 2, 2026
The Nigerian naira maintained relative stability against the US dollar across the official foreign exchange market and the parallel market on Friday, October 2, 2026, as exchange rate movements remained limited. At the official Nigerian Foreign Exchange…
Naira-Dollar Exchange Rate Today, October 7, 2026: Naira Trades at ₦1,330/$ Officially, Black Market Hits ₦1,365
The Nigerian naira traded around ₦1,330 per US dollar at the official foreign exchange market on Wednesday, October 7, 2026, while the parallel market continued to quote the dollar at a higher rate. Available market data put the official exchange rate at…
New Customs Boss Afeni Pledges Intelligence-Led Enforcement, Revenue Protection
The Nigeria Customs Service (NCS) has appointed Deputy Comptroller Oladapo Afeni as the 30th Acting Customs Area Controller (CAC) of the Federal Operations Unit, Zone A, with a pledge to strengthen intelligence-led enforcement, block revenue leakages and…
Atiku, NDC Fault Tinubu’s 30-Day Petrol Discount, Demand Lasting Relief
Former Vice President Atiku Abubakar and the Nigeria Democratic Congress (NDC) have criticised the Federal Government’s proposed 30-day petrol discount at Nigerian National Petroleum Company Limited (NNPC) filling stations, questioning whether the…
ADC Spokesman Questions Taiwo Oyedele’s Educational Background for Managing Nigeria’s Economy
The African Democratic Congress (ADC) National Publicity Secretary, Bolaji Abdullahi, has questioned whether Finance Minister Taiwo Oyedele has the appropriate educational background to oversee Nigeria’s economic policies, particularly the Federal…
Tinubu Says He May Skip Some 2027 Campaign Rallies to Focus on Governance, Debt Obligations
President Bola Tinubu has said he may not attend every campaign rally ahead of the 2027 general election, citing the demands of governance, Nigeria’s financial obligations and the need to attract long-term investment. Tinubu made this known on Wednesday…
Oyedele Rules Out Return to Fuel Subsidy, Multiple Exchange Rates Ahead of 2027 Elections
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has ruled out a return to fuel subsidies and multiple foreign exchange rates, insisting that the Federal Government will maintain its current economic reform policies…
