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Click to redirect to Read on our Premium page read more BusinessDay 06th Apr 2026

Nigeria’s fiscal story is becoming increasingly difficult to explain and even harder to defend. At a time when allocations from the Federation Account Allocation Committee (FAAC) have risen significantly following the removal of fuel subsidies, Nigerian states are returning, almost aggressively, to the debt markets. Domestic borrowing has surged, crossing the ₦4 trillion mark in

…15 power plants sign settlement deal President Bola Tinubu has approved a N3.3 trillion settlement plan to clear power sector debts accumulated over more than ten years, in what his administration is casting as the most decisive intervention yet in a grid that has long frustrated households and strangled economic growth. The payment framework, announced

Nigeria’s lenders are under pressure to meet an April 30 deadline set by the Central Bank of Nigeria (CBN) to submit Board-approved Risk-Based Capital (RBC) stress test reports, marking a tougher phase of oversight after the industry’s recapitalisation exercise. The directive, issued March 6, 2026, requires banks to assess how their capital positions would hold

…NDC, ADP may emerge as alternative platforms Rising tensions between the African Democratic Congress (ADC) and the Independent National Electoral Commission (INEC) have thrown the party into uncertainty just weeks before the commencement of primaries for the 2027 general elections. Citing a subsisting Appeal Court ruling, INEC recently suspended official engagement with the party and

Collection of mineral royalties from mining sector operators across the country will henceforth be the responsibility of the Nigeria Revenue Service (NRS), while the Ministry of Solid Minerals Development will continue its technical and regulatory oversight on the sector. This was the outcome of a meeting between the Minister of Solid Minerals Development, Dele Alake

… A windfall without relief … Pressure on households, businesses …Lessons from other nations By all indications, the distant rumble of conflict between the United States, Israel and Iran is no longer a faraway geopolitical story. In Nigeria, it is being felt in the most immediate and personal ways, at the petrol station, in crowded

Since the beginning of the fight against insecurity in Nigeria, the airstrikes on December 26, 2025, on two terrorists’ hideouts in Bauni forest in Tangaza area of Sokoto State, near the Niger border, by the United States of America military, has been the most phenomenal and impactful, many people confessed. Sadly, while Nigerians look forward

At a time when opposition politics is expected to draw clear battle lines, Nyesom Wike is charting a different course, remaining a dominant force within the People’s Democratic Party (PDP) while serving in the government of Bola Ahmed Tinubu, a position that is reshaping the PDP’s identity and raising fresh questions about its credibility ahead

…CSOs say elections are under serious threat As political tensions heighten ahead of the 2027 general election, observers are raising concerns that Nigeria may be drifting toward a dangerous concentration of political power reminiscence of the era of Sani Abacha. From 1995 to 1998, under Abacha’s regime, five political parties were controversially registered, each ultimately