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Nigeria Seeks $1.5 Billion More From World Bank as Public Debt Hits Record ₦166.79 Trillion
The Federal Government has opened talks with the World Bank on three new loans worth $1.5 billion, as Nigeria's public debt reached a record ₦166.79 trillion at the end of June 2026.
Keyamo Admits ₦70,000 Minimum Wage No Longer Enough, Urges FG to Meet Labour Midway
Aviation Minister Festus Keyamo says the ₦70,000 minimum wage can no longer absorb Nigeria's inflationary shock, urging government to meet labour "midway" ahead of the 2027 wage review.
Economy & BusinessTinubu Hails $800m Final Investment Decision on Ima Gas Project
Tinubu hails $800m FID on Ima Gas Project, unlocking a 1973 discovery after five decades untapped. Production begins 2028.
CBN Cuts Benchmark Interest Rate to 23% in Boldest Easing Move Yet
CBN slashes benchmark rate by 350 basis points to 23%, the largest single cut in the bank's history, as easing inflation and stronger reserves prompt a decisive shift from over three years of tight monetary policy.
Economy & BusinessFG Slashes Train Fares by 50% for Eid-el-Kabir Holiday.
Nigeria Railway Corporation passengers to enjoy discounted fares from May 26 to June 1.