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Banks Cut CBN Deposits by N942 Billion in One Day
Economy

Personal Loans Rise To N2tn As Nigerians Borrow More

Personal loans obtained by Nigerians rose to an estimated N2.06tn in May 2026, as households increasingly turned to credit amid rising living costs...

NIGERIA DAILY: Why Nigerians Are Adding Side Hustles To Their 9-to-5 Jobs
BusinessEconomy

NIGERIA DAILY: Why Nigerians Are Adding Side Hustles To Their 9-to-5 Jobs

For many Nigerians, having a full-time job is no longer seen as enough to meet financial responsibilities and achieve personal goals. An increasing...

FG raises N7.15tn through domestic bonds in 2026
Business

FG raises N7.15tn through domestic bonds in 2026

The Federal Government has raised N7.15 trillion through domestic bond issuances in 2026 as it continues to finance its budget and support government...

MDAs must prepare financial statements for audit before consolidation — AuGF
Economy

MDAs must prepare financial statements for audit before consolidation — AuGF

The Auditor-General for the Federation has directed Ministries, Departments and Agencies to prepare their financial statements for auditing before the consolidation of government...

Turkey’s $20 Billion Investment Fund Boom Unravels in Market Crisis
BusinessEconomy

Turkey’s $20 Billion Investment Fund Boom Unravels in Market Crisis

Turkey’s investment fund industry is facing a major crisis after regulators ordered the liquidation of 131 funds holding more than $20 billion in...

Intesa Raises MPS Takeover Offer, Warns Bid Could Be Withdrawn
BusinessEconomy

Intesa Raises MPS Takeover Offer, Warns Bid Could Be Withdrawn

Italy’s Intesa Sanpaolo has increased the cash component of its takeover offer for rival Monte dei Paschi di Siena (MPS), offering shareholders an...

Nigeria’s Budget Too Small for Its Population Minister
EconomyInfrastructure & DevelopmentNigeria

Nigeria’s Budget Too Small for Its Population Minister

Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, has said Nigeria’s national budget is too small to meet the country’s development...

NigeriaEconomy

Tinubu Reaffirms Commitment to Building Credit-Based Economy

President Bola Tinubu has reaffirmed his administration’s commitment to building a credit-based economy that will expand access to financing for individuals, businesses and...