Economy Post

Nigerian govt ramps up short-term borrowing as NTB issuance rises to N4.8trn

Nigerian govt ramps up short-term borrowing as NTB issuance rises to N4.8trn - Economy Post THE Federal Government has significantly expanded its short-term borrowing plan for the second quarter (Q2) of 2026, increasing planned Nigerian Treasury Bills (NTB) issuances to N4.8 trillion from the initial N3.95 trillion programme. An analysis of the original and revised issuance calendars relea...

Power challenges built over decades cannot disappear in months, says Tegbe

Power challenges built over decades cannot disappear in months, says Tegbe - Economy Post MINISTRY of Power, Dr Joseph Tegbe, says Nigerians should not expect an overnight transformation in electricity supply, noting that the sector’s problems have accumulated over several decades. Speaking on Monday after his swearing-in by President Bola Tinubu at the State House in Abuja, Tegbe said...

Tinubu records highest odds on crypto prediction platform for 2027 poll

Tinubu records highest odds on crypto prediction platform for 2027 poll - Economy Post AS political activities ahead of the 2027 general election gather momentum, users of Polymarket, a decentralised prediction platform, have begun placing bets on who will emerge victorious in Nigeria’s presidential race. Checks show President Bola Tinubu currently tops the prediction chart on the p...

Ex-minister Sadiya Umar Farouq seeks reversal of arrest warrant in alleged $1.3m, N746.6m fraud trial

Ex-minister Sadiya Umar Farouq seeks reversal of arrest warrant in alleged $1.3m, N746.6m fraud trial - Economy Post FORMER Minister of Humanitarian Affairs, Disaster Management and Social Development, Ms Sadiya Umar Farouq, has asked a federal high court in Abuja to vacate the bench warrant issued for her arrest in an alleged fraud case instituted by the Economic and Financial Crimes Commission (EFCC). The former...

May & Baker approves N862.6m dividend payout for 2025 financial year

May & Baker approves N862.6m dividend payout for 2025 financial year - Economy Post SHAREHOLDERS of May & Baker Nigeria Plc have approved a total dividend payout of N862.6 million for the financial year ended December 31, 2025, following the company’s 75th Annual General Meeting (AGM) held in Lagos. The approved dividend amounts to 50 kobo per share before deduction of withholdin...

Xenophobic attacks: Nigeria shifts evacuation of citizens from South Africa to Wednesday

Xenophobic attacks: Nigeria shifts evacuation of citizens from South Africa to Wednesday - Economy Post THE Nigerian government has postponed the evacuation of Nigerian citizens seeking to leave South Africa following the recent xenophobic attacks targeting Black foreigners in the country. Spokesperson for the Ministry of Foreign Affairs, Kimiebi Ebienfa, announced the development in a statement issue...

Stronger exports lift Nigeria’s trade surplus to N7.55tn in Q1

Stronger exports lift Nigeria’s trade surplus to N7.55tn in Q1 - Economy Post NIGERIA recorded a sharp rise in its merchandise trade surplus in the first quarter (Q1) of 2026, as export earnings strengthened while import spending declined significantly. Data released by the National Bureau of Statistics (NBS) on Monday showed that the country’s trade surplus climbed to N7.5...

VFS denies exploiting visa applicants, says optional services approved by governments

VFS denies exploiting visa applicants, says optional services approved by governments - Economy Post VFS GLOBAL has denied allegations that it exploits visa applicants through the sale of optional services, insisting that all such offerings are approved and monitored by the governments it represents. The visa outsourcing company was reacting to a recent investigation by Lighthouse Reports, which cl...

FCCPC denies Tinubu approved new airtime credit operators

FCCPC denies Tinubu approved new airtime credit operators - Economy Post THE Federal Competition and Consumer Protection Commission (FCCPC) has denied reports claiming that President Bola Tinubu approved the entry of 9 new operators into Nigeria’s airtime credit market, stating that the commission had no knowledge of or involvement in the alleged approvals. In a statem...

CPPE calls on House of Reps to reject Sugar-sweetened Beverage Tax Bill

CPPE calls on House of Reps to reject Sugar-sweetened Beverage Tax Bill - Economy Post THE Centre for the Promotion of Private Enterprise (CPPE) has expressed deep concern over the Senate’s passage of the Sugar-Sweetened Beverage Tax Bill despite strong opposition from private sector stakeholders, particularly the Manufacturers Association of Nigeria (MAN). The organisation noted th...