Nigeria’s solid minerals revenue rose by 95.2 per cent to N101.11bn in the first nine months of 2026, compared with N51.79bn recorded in the corresponding period of 2025, as increased mineral royalty payments boosted government receipts from the sector. Data from the Central Bank of Nigeria’s solid minerals revenue collection report, analysed on Sunday, showed
•Nigeria’s economy grows 3.89% – Budget Office By Udeme Akpan The Federal Government (FG) recorded an aggregate fiscal deficit of N4.69 trillion in the first quarter of 2026, as revenue generation fell significantly below target, highlighting challenges in financing the 2026 budget.
The World Bank’s International Development Association (IDA) accounted for $18.533 billion of the multilateral debt, while IMF Special Drawing Rights allocations stood at $5.516 billion. Despite the increase in the debt stock, Nigeria recorded improvements in two key debt indicators, with external debt relative to exports declining by 4.3 per cent to 212 per cent, while the debt-to-Gross National Income ratio fell by 6.6 per cent to 51 per cent.
About 27 sweepers at the Kasseh Market in the Ada East District of the Greater Accra Region have embarked on an indefinite strike over three months of unpaid salaries. Mr Kenneth Kabu Kofi Kanor, District Chief Executive (DCE) for Ada East, declined to comment when contacted by the GNA on the matter.
The Emir of Kano, Muhammadu Sanusi II, has said President Bola Tinubu deserves credit for bringing Nigeria’s economy back from the brink, citing improvements in economic growth, inflation, foreign reserves and export diversification. The former Governor of the Central Bank of Nigeria (CBN) spoke on Tuesday at the Oxford Global Think Tank conference convened by Arunma Oteh.
By Obas Esiedesa, Abuja ABUJA — The Nigerian National Petroleum Company Limited (NNPC) recorded a cumulative Profit After Tax (PAT) of N3.494 trillion between January and September 2026, following an 18.1 per cent increase in its September profit to N509 billion. On gas infrastructure projects, NNPC said the Obiafu-Obrikom-Oben (OB3) Gas Pipeline had achieved 100 per cent completion, while the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline was 95 per cent complete.
Comparing the systems in Ghana to Botswana’s, for instance, he said the southern African country generated $13.4 billion in value added from mining in 2025, while Ghana’s revenue from the sector amounted to only $1.6 billion, representing 11.9 per cent of the sector’s value. Dr Boakye attributed Botswana’s stronger performance to the government’s active involvement in the mining sector through partnerships with private companies.