Nigeria, Ghana Spend More on Debt Interest Than Health, AfDB Warns
Nigeria and Ghana are among the West African economies where debt-interest payments rival or exceed public health spending, highlighting the ...
Read more
Tag: #PublicFinance
Nigeria Draws $1.5bn from UAE’s $5bn Financing Facility to Refinance Debt
Nigeria has accessed the first tranche of its $5 billion derivatives-based financing arrangement with the United Arab Emirates’ largest lender, ...
Read more
FG Releases N2.68tn for Roads, But N54.93tn Budget Faces Massive Implementation Gap
The Federal Government has released about N2.68 trillion for the construction, rehabilitation, and maintenance of roads and bridges across Nigeria ...
Read more
Reps Committee Recovers N521.77m VAT from CBN Over Remita Transactions
The House of Representatives Public Accounts Committee has recovered N521.77 million in unremitted Value Added Tax (VAT) from the Central ...
Read more
Foreign Currency Tax Receipts Jump to N6.33tn in 2025 Amid Exchange Rate Shifts
Nigeria’s foreign currency-denominated tax receipts surged to N6.33tn in 2025, reflecting stronger contributions from multinational firms and the impact of ...
Read more
FAAC Distributes N2.04tn March Revenue to FG, States, LGs
The Federation Account Allocation Committee (FAAC) shared a total of N2.04tn as revenue for March 2026, reflecting a N150bn increase ...
Read more
Nigeria’s Debt Servicing Rises to N15.81tn in 2025 Amid Surge in Domestic Interest Payments
Nigeria’s total debt servicing climbed to N15.81tn in 2025, representing a N2.98tn increase from N12.83tn recorded in 2024, according to ...
Read more
Finance Ministry Dismisses Claims of Hidden Spending, Defends FAAC Deductions
Nigeria’s Federal Ministry of Finance has dismissed claims of hidden spending and diversion of federation revenue, describing recent interpretations of ...
Read more
World Bank Flags Weaknesses in Nigeria’s Public Finance System
The World Bank has raised fresh concerns about weaknesses in Nigeria’s public finance management system, warning that persistent gaps in ...
Read more
FG Begins Implementation of Executive Order 9 on Direct Oil Revenue Remittance to FAAC
The Federal Government of Nigeria has commenced the implementation of Executive Order 9 of 2026, mandating the direct remittance of ...
Read more
Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.