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3 days ago | 
punchng.com | Adebayo Folorunsho-Francis |Dirisu Yakubu |Oluwakemi Abimbola |Sami Tunji |Aina Damilola |Josephine Ogundeji
The Senate and the House of Representatives have, for the second time, extended the implementation of the capital component of the 2024 budget to December 31, 2025, sparking renewed criticism against President Bola Tinubu and the National Assembly. Economists, financial experts, and the Organised Private Sector have described the repeated extensions as evidence of poor execution capacity by Ministries, Departments, and Agencies.
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3 weeks ago | 
punchng.com | Justice Okamgba |Oluwakemi Abimbola
Telecom operators under the Association of Licensed Telecommunications Operators of Nigeria have refuted claims by Deposit Money Banks that the Nigerian Communications Commission instructed them (DMBs) to deduct Unstructured Supplementary Service Data transaction fees directly from customers’ airtime balances instead of their bank accounts.
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1 month ago | 
punchng.com | Dirisu Yakubu |Sami Tunji |Oluwakemi Abimbola |Abdulrahman Zakariyau |Nathaniel Shaibu
•NASS set to approve Tinubu’s loan request, foreign debt nears $70bn, economists worry over high debt-servicingNigeria’s public debt is set for another significant jump as President Bola Tinubu has requested the National Assembly’s approval to secure fresh foreign loans amounting to about $24.14bn.
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2 months ago | 
punchng.com | Solomon Odeniyi |Oluwakemi Abimbola |Ademola Adegbite
The Economic and Financial Crimes Commission has launched an investigation into the alleged N1.3tn frauds perpetrated through a digital investment platform, CryptoBank Exchange. CBEX, operated by a group of foreign nationals in collaboration with their Nigerian partners, reportedly collapsed on Monday, leaving thousands of investors stranded and unable to access their funds.
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2 months ago | 
punchng.com | Oluwakemi Abimbola
The organisers of the Banking, Financial Services, and Insurance Security Summit 2025 have said that financial institutions in Africa have become prime targets of rising cybercrime on the continent.
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Mar 17, 2025 | 
punchng.com | Sami Tunji |Oluwakemi Abimbola |Josephine Ogundeji |Arinze Nwafor
Nigeria’s inflation rate dropped for the second consecutive month in February 2025, falling to 23.18 per cent from 24.48 per cent recorded in January. However, economists and Nigerians expressed concern over the drop in the country’s inflation rate amid the high cost of essential commodities nationwide.
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Mar 7, 2025 | 
punchng.com | Oluwakemi Abimbola |Stephen Angbulu |Solomon Odeniyi |Muhammed Lawal |Patrick Odey
The Federal Government on Friday said it would intervene in the leadership crisis of the National Assembly after the suspension of the senator representing Kogi Central Senatorial District, Natasha Akpoti-Uduaghan. “We’re engaging all the stakeholders to ensure that they temper justice with mercy,” the Minister of Women Affairs, Mrs Iman Suleiman-Ibrahim, told State House correspondents during the Meet-the-Press Programme at the Presidential Villa, Abuja.
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Feb 18, 2025 | 
punchng.com | Sami Tunji |Oluwakemi Abimbola |Arinze Nwafor |Josephine Ogundeji
Financial and economic analysts expect the Monetary Policy Committee of the Central Bank of Nigeria to reduce the benchmark interest rates following the drop in the inflation rate released by the National Bureau of Statistics on Tuesday. The experts also called for a rejig of the country’s economic policies to meet the masses’ yearnings, stressing that though the new inflation rate is lower than the previous figure, the prices of commodities are still very high.
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Feb 13, 2025 | 
punchng.com | Dirisu Yakubu |Arinze Nwafor |Oluwakemi Abimbola |Josephine Ogundeji
The National Assembly on Thursday passed the 2025 Appropriation Bill of N54.99tn, allocating N14.32tn for debt servicing and N13.64tn for recurrent expenditure covering salaries, overheads, and government operations. Economists and members of the Organised Private Sector commended the government for the budget but expressed reservations regarding how it would be funded.
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Feb 5, 2025 | 
punchng.com | Oluwakemi Abimbola |Stephen Angbulu |Dirisu Yakubu
Some players in the Nigerian economy have shared different views following the decision of the Federal Government to increase the 2025 Appropriation Bill from N49.7tn to N54.2tn on the back of additional revenues generated by key government agencies. On Wednesday, letters from President Bola Tinubu were read on the floor of the Senate indicating the adjustments in the yet-to-be-passed budget.
