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IMF warns stablecoins cannot replace fiscal discipline as global debt risks mount
By Peter Egwuatu The International Monetary Fund (IMF) has warned that the growing adoption of dollar-backed stablecoins must not be allowed to weaken fiscal and monetary discipline in countries whose
$14.86m Fraud: EFCC summons wanted ex-gov, Sylva for questioning
The Economic and Financial Crimes Commission (EFCC) has asked former Bayelsa State Governor, Timipre Sylva, to appear before the agency for questioning over an alleged $14.86 million fraud case. The
Electricity subsidy bill hits N1.92trn in 2025 — NERC
By ObasEsiedesa, Abuja The electricity tariff subsidy obligation of the Federal Government (FG) stood at N1.92 trillion in 2025, as the government continues to absorb the gap between cost-reflective electricity
Nigeria’s GDP rises 4.4% as oil sector rebounds
By Elizabeth Adegbesan The National Bureau of Statistics (NBS), yesterday, said that the Nigerian economy expanded in real terms by 4.43 percent year-on-year, YoY, in the second quarter of 2026,
Duane ‘Keffe D’ Davis found guilty of murdering Tupac Shakur
Duane “Keffe D” Davis, a former Los Angeles gang member, was found guilty on Monday by a Las Vegas court of the 1996 murder of chart-topping rapper Tupac Shakur. Thirty
Dollar to Naira exchange rate today, September 1, 2026
The Nigerian naira is trading at different rates against the US dollar across the official foreign exchange market and the parallel market as of Tuesday, September 1, 2026. At the
2027: Tinubu is formidable politician but weak on governance — Donald Duke
Former Cross River State Governor and presidential candidate of the Peoples Redemption Party (PRP), Donald Duke, has described President Bola Tinubu as a formidable politician but criticised his administration’s performance
EFCC: We’ve Recovered N1.23trn, $684m, 1,177 Real Estate Assets in 3 Years
• Secured 10,872 convictions, as cybercrime, advance-fee fraud account for nearly two-thirds of major offences • Released N661.32bn, $492.37m to beneficiaries Iyobosa Uwugiaren and Alex Enumah in Abuja Economic and
Court Restrains NMDPRA from Shutting Down, Interfering with Dangote Refinery
•Questions regulatory powers in free zone Wale Igbintade A Federal High Court in Lagos has restrained Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) from enforcing its directive suspending the
As GDP Growth Hits 4.43%, Tinubu Vows to Turn Recovery into Household Prosperity
• Declares economic expansion signals end of economic stabilisation phase •Services accounted 56.62%, agriculture 26.15%, industries 17.23 amid manufacturing contraction •Oil accounted for 4.16% as production increases to 1.72 mbpd
