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The sustainable food security trap

The sustainable food security trap

By Dele Sobowale One of the paradoxes of economics is threatening to create a food crisis later during the year. Last year January, escalating food prices dragged headline inflation towards 35 per cent. A 50 kilogram bag of rice was going for N80- 100,000 – depending on location. Governor Bago of Niger State was contemplating placing […]

Reps opposition lawmakers question non-implementation of 2025 Budget

Reps opposition lawmakers question non-implementation of 2025 Budget

Members of the Opposition Caucus in the House of Representatives have raised serious concerns over the alleged non-implementation of the 2025 Appropriation Act, with indications that they may call for the removal of key finance officials over what they described as failed assurances to the legislature.

Nigeria’s cross-border payments on PAPSS falls 53% to N5.6bn

Nigeria’s cross-border payments on PAPSS falls 53% to N5.6bn

By Babajide Komolafe Nigeria’s participation in the Pan-African Payment and Settlement System (PAPSS) recorded a sharp contraction in the first half of 2025, as the value of cross-border transactions processed through the platform fell by 53 per cent to N5.6 billion. The Central Bank of Nigeria, CBN, disclosed this in its Financial Stability Report, June 30th, […]

FG boost South Eastern Economy through PPP, signs Enugu Airport Concession – ICRC

FG boost South Eastern Economy through PPP, signs Enugu Airport Concession – ICRC

The Infrastructure Concession Regulatory Commission (ICRC) has hailed the signing of the concession agreement for the Akanu Ibiam International Airport, describing it as a significant milestone in the Federal Government’s ongoing efforts to deploy Public-Private Partnerships (PPPs) to modernise critical national infrastructure, and a major boost for the South Eastern economy. The PPP agreement, signed […]

Kano Assembly Speaker, 21 other members dump NNPP

Kano Assembly Speaker, 21 other members dump NNPP

By Bashir Bello  KANO — The Speaker, Kano State House of Assembly and 21 other members have resigned their membership from the New Nigeria People’s Party, NNPP in Kano State. The Speaker’s spokesperson, Kamaluddeen Sani Shawai confirmed this in a statement containing long list of the names of the lawmakers who had announced their defection […]

Nigeria’s money supply grows to N124.4trn

Nigeria’s money supply grows to N124.4trn

Currency in circulation hits N5.4trn lCredit to govt rises 29% By Elizabeth Adegbesan Nigeria’s Money Supply (M²) grew by 1.2 percent month-on-month (MoM) to N124.4 trillion in December 2025, from N122.9 trillion the previous month.  This is contained in Central Bank of Nigeria, CBN,  Money and Credit Statistics released over the weekend. The data indicated that […]

AMCON cash recoveries rise 28% to N66.1bn — CBN

AMCON cash recoveries rise 28% to N66.1bn — CBN

By Babajide Komolafe The Asset Management Corporation of Nigeria, AMCON, recorded a 27.87 per cent increase in cash recoveries to N66.12 billion in the first half of 2025, H1’25 from N51.71 billion at end-December 2024. The Central Bank of Nigeria, CBN disclosed this in its Financial Stability Report for H1’25 noting that the stronger recovery performance […]

Nigeria records 14% rise in exports to Africa

Nigeria records 14% rise in exports to Africa

…As fuel tops export list By Emma Ujah, with agency reports Nigeria’s exports to Africa reached N4.82 trillion in the first half of 2025, up 14% year-on-year compared to N4.21 trillion in the first half of 2024. West Africa absorbed over 62% of Nigeria’s continental exports. Bashir Adewale Adeniyi, Comptroller General of the Nigeria Customs Service, […]