News & Updates

Amid ongoing fiscal tightening, Nigeria’s states are piling up more debt on their citizens. Fresh data from BudgIT’s latest ‘State of States’ report shows that average debt per capita rose slightly from N40,469 in 2023 to N41,766 in 2024, underscoring the growing strain on state finances and public resources. The report entitled ‘A Decade of […]

Nigeria’s Nobel Prize-winning author Wole Soyinka said on Tuesday the United States had revoked his non-immigrant visa issued last year and he was told to re-apply if he wished to try again to visit the U.S. The 91-year-old writer said in 2016 that he had torn up his U.S. green card and renounced his American […]

When I first saw images of young protesters flooding city squares in Nepal, Madagascar and Morocco with slogans like “corruption is sus, stop ghosting democracy” boldly written across placards, I half-smiled, thinking: that slogan could have surfaced in a Lagos teenager’s group chat. It is not a mere coincidence. The phenomenon of youth-led protest movements […]

Nigeria’s financial ecosystem is undergoing one of its most profound transformations in decades. Once dominated by traditional banks and manual processes, the sector has evolved into a digitally driven, innovation-led economy. In the nine months of 2025 alone, 33 percent ($725 million out of $2.2 billion) of the funding raised has gone to African fintech […]

Nigeria’s banking sector grapples in the throes of greatest transition in twenty years. The Central Bank of Nigeria (CBN) has set a March 2026 ultimatum for banks to meet new sharply spiky in March 2024 has set a deadline of March 2026 for banks to meet new steep capital requirements. The competitive landscape is in […]

The Nigerian government recently unveiled a new capital gains tax (CGT) aimed at making the system more progressive. The new regime, which will start on January 1 2026, is rumoured to have raised the CGT from 10 percent to 30 percent unless the proceeds are reinvested in other listed or unlisted domestic equities. Several stakeholders, […]

Edo State Government, on Wednesday, ordered Heads of Local Government Administration (HoLGAs) across the 18 Local Government Areas in the state to immediately proceed on compulsory leave. Chairman, Edo State Local Government Service Commission, Adjoto Kabiru, who disclosed this while speaking with journalists in Benin, said the move was to revamp the local government administration […]

…Oshiomhole points fingers at fellow politicians Many Nigerians and civil society groups have raised concerns over the sincerity of ongoing efforts to reform Nigeria’s Electoral Act 2022, questioning whether politicians who benefit from electoral malpractice can bring about genuine change. The concerns follow renewed effort by the National Assembly to amend the Electoral Act 2022, […]

Bruno Guimaraes scored a dramatic 90th-minute winner as Newcastle United battled to a hard-fought 2-1 victory over Fulham at St James’ Park on Saturday. Eddie Howe’s side looked set for another frustrating afternoon after Sasa Lukic cancelled out Jacob Murphy’s first-half opener, but Guimaraes struck late to secure a crucial three points for the Magpies. […]

Building lasting wealth is rarely a matter of luck. Among the world’s ultra-high-net-worth individuals, financial success stems from deliberate choices, long-term discipline, and a distinct mindset about money. Beyond private jets, lavish homes, and vast portfolios, what truly sets the ultra-wealthy apart is how they think about money. Their decisions are driven by vision, purpose, […]