In the last 15 years, Nigeria's monetary authorities have generally had a more visible impact on investor returns and macroeconomic stabilization than fiscal authorities. Treasury bills, bonds, OMO instruments, and monetary reforms consistently created wealth and influenced market outcomes, while fiscal policy was frequently constrained by deficits, weak revenue mobilization, debt-service pressures, and implementation challenges. Academic studies on Nigeria have repeatedly found monetary policy to be more effective than fiscal policy in driving economic activity.

Rufai: I can criticize President Tinubu but then commend him for taking our foreign reserves to $50 billion and about 1.5 million students are getting student loans. Obi: No No No No, All that does not matter. If I am there things will change.

BREAKING NEWS: ABIA STATE Residents rushed to pack “stones” thinking it’s a mineral resource People of Ugwuakuma Arochukwu were seen looting stones at a road construction in Abia state after they thought it’s a mineral resource they just uncovered

Yesterday, I joined my brother, the Governor of Ebonyi State — His Excellency, Rt. Hon. Francis Ogbonna Nwifuru — alongside other progressives in Abakaliki to stand with President Bola Ahmed Tinubu, GCFR. The time has come for us to unite. Enough of the politics of lamentations. Ndi Igbo, we must move from the alliance of protest to the alliance for progress — an alliance for prosperity. We must unite. We must not waste our votes again. Progressives are working together for a renewed and prosperous Nigeria.

APC was in power in 1990, when people are coming that ₦1 is too much to buy tomatos 🍅... Many of you guys are just as dull as your master Peter obi

VIDEO NEWS: "This is the abode of the kidnappers. This is where they come and behave as if they're peaceful people" — FCT police command demolishes criminal hideout

This is INEC officer that confirmed that Igbos transferred over 300k PVCs from the South East to Lagos to vote for Igbo candidates in Lagos! Busy "developing" other region and abandoning your own.... This 2027, Lagosians go show una pepper.

GOV OBIANO DEBUNKED PETER OBI LIES OF LEAVING MONEY BEHIND. He left debt of contractors unpaid to the tune of #185 billion but claimed he left #79 billion.

Numbers don't lie, men lie and women lie. Export, trade surplus - ✅️ Diaspora remittance - ✅️ Non-oil export - ✅️ Foreign Capital Inflow - ✅️ FAAC Revenue VAT revenue - ✅️ All these indices have grown under PBAT. Dispute them with Data. There is only one leader who has shown capacity to raise revenue and create value and that is PBAT. The Lekki freeFree Trade expoExport Zonea living legacy with the Lekki deep Deep Sea Portgote Refinery, and numerous companies operating there. His investment in econet shEconeteturned 5x and 375% net a profit increase for the Lagos Your man Obi has no track record. He couldnt gcouldn'tenue in Anambra. He tanked the IGR after Ngige, he struggled to add N1bn to the state IGR in 8 years. He levied a regressive flat rate TAX on market women and threatened to shut their markets several times if they didn't comply. He had no economic blueprint , no ecoomic legacy except Hero beer. Left Doctors on strike for 13 months, kept Universities shut for 6 months. Campaign for your candidate but don't make it seems as seem is a messiah better than the rest on the ballot. He is the worst candidate on the ballot. He is clueless. He has nothing to say about his past achievements. Show me any Anambra budget that suggests any form of austerity... By the way the Late, PMB was the king of austerity...austerity hasn't helped Argentina as well.

Facts are not sentimental. This happened under Governor Obiano. We don’t do beer parlor gist here.

Elon Musk Net Worth Since 2000 💰 🇺🇸 2000 ⟶ 💵 $28M 🇺🇸 2001 ⟶ 💵 $34M 🇺🇸 2002 ⟶ 💵 $180M 🇺🇸 2003 ⟶ 💵 $160M 🇺🇸 2004 ⟶ 💵 $210M 🇺🇸 2005 💵 $250M 🇺🇸 2006 ⟶ 💵 $320M 🇺🇸 2007 ⟶ 💵 $400M 🇺🇸 2008 ⟶ 💵 $150M 🇺🇸 2009 ⟶ 💵 $350M 🇺🇸 2010 ⟶ 💵 $650M 🇺🇸 2011 ⟶ 💵 $680M 🇺🇸 2012 ⟶ 💵 $2.0B 🇺🇸 2013 ⟶ 💵 $2.7B 🇺🇸 2014 ⟶ 💵 $8.4B 🇺🇸 2015 ⟶ 💵 $13.0B 🇺🇸 2016 ⟶ 💵 $10.7B 🇺🇸 2017 ⟶ 💵 $13.9B 🇺🇸 2018 ⟶ 💵 $19.9B 🇺🇸 2019 ⟶ 💵 $22.3B 🇺🇸 2020 ⟶ 💵 $27.0B 🇺🇸 2021 ⟶ 💵 $151B 🇺🇸 2022 ⟶ 💵 $219B 🇺🇸 2023 ⟶ 💵 $180B 🇺🇸 2024 ⟶ 💵 $320B 🇺🇸 2025 ⟶ 💵 $342B 🇺🇸 2026 ⟶ 💵 $1.1T 📊 Source: Forbes, Bloomberg Billionaires Index, Reuters, SEC Filings

WATCH: SpaceX CEO Elon Musk rings the NASDAQ opening bell as the company officially goes public, setting him up to be the world's first trillionaire.

BREAKING: Elon Musk has become the world's first trillionaire. After SpaceX raised a record $75 billion in its IPO, Musk’s net worth shot up to top $1.1 trillion when the stock began trading Friday, putting him in an economic class of his own. Combined with his holdings in electric vehicle maker Tesla, as well as other investments and assets, Musk's net worth is now estimated at about $1.1 trillion. Musk's stake in the rocket and satellite company alone is now estimated at a staggering $690 billion, but it's also a life-changing moment for thousands of workers at the company who hold equity. Investors who watched Musk help turn Tesla into an automotive giant are now betting he can do the same in space and artificial intelligence, as SpaceX launches the largest IPO in history.

🎉 I’m giving away a FREE Excel eBook to 4,000 people! This eBook is perfect for beginners and anyone who wants to improve Excel skills for work, business, or study. To join: ❤️ Like 🔄 Repost 💬 Comment “Excel” ➕ Follow @gudanglifehack Please make sure you’ve completed all the steps. I’ll be checking participants before sending the eBook.

Something powerful must have been invoked on this day. Tell your Yoruba friend to interpret the lyrics to you.

**It's mostly good news for Nigerians, but with important context.** Nigeria's forex reserves hitting **$50.11 billion** on June 5 (highest since 2009) means the country has a stronger buffer of foreign currency. **What it means:** - Better ability to pay for imports (fuel, food, medicine, machinery) without running dry. - Helps the CBN stabilize the naira and reduce extreme volatility. - Signals improved confidence from remittances, oil production, and reforms — attracting more investment. **For average citizens:** Positive indirectly — less pressure on imported inflation and more economic stability over time. It doesn't instantly lower prices or create jobs, though. Nigeria still faces high inflation and other challenges. This is a solid milestone showing progress on external buffers, but real impact depends on smart use and fixing domestic issues.

PRESS RELEASE 𝐓𝐇𝐄 𝐅𝐄𝐃𝐄𝐑𝐀𝐋 𝐆𝐎𝐕𝐄𝐑𝐍𝐌𝐄𝐍𝐓 𝐍𝐎𝐓𝐄𝐒 𝐈𝐌𝐅 𝐀𝐒𝐒𝐄𝐒𝐒𝐌𝐄𝐍𝐓 𝐎𝐅 𝐍𝐈𝐆𝐄𝐑𝐈𝐀'𝐒 𝐄𝐂𝐎𝐍𝐎𝐌𝐘 𝐀𝐍𝐃 𝐑𝐄𝐌𝐀𝐈𝐍𝐒 𝐂𝐎𝐌𝐌𝐈𝐓𝐓𝐄𝐃 𝐓𝐎 𝐒𝐔𝐒𝐓𝐀𝐈𝐍𝐈𝐍𝐆 𝐑𝐄𝐅𝐎𝐑𝐌𝐒 𝐌𝐎𝐌𝐄𝐍𝐓𝐔𝐌 Abuja, 9 June 2026 The Federal Government welcomes the publication of the International Monetary Fund (IMF) 2026 Article IV Mission Concluding Statement on Nigeria and notes its overall positive assessment of the country's economic reform programme. The report provides further independent validation that the bold and necessary reforms undertaken under the leadership of President Bola Ahmed Tinubu, GCFR, are strengthening macroeconomic stability, restoring confidence, and laying the foundation for sustainable and inclusive growth. The IMF observed that reforms implemented over the past two and a half years have yielded improved macroeconomic outcomes and enhanced Nigeria's resilience to external shocks. The Fund specifically highlighted improvements in foreign exchange market functioning, stronger external buffers, ongoing fiscal and revenue reforms, banking sector resilience, and growing macroeconomic stability. These developments affirm that Nigeria is moving in the right direction and is better positioned to withstand global economic uncertainties than at any time in recent years. The Government is particularly encouraged by the IMF's recognition that the difficult but necessary decisions to end fuel subsidies, eliminate deficit monetisation, liberalise the foreign exchange market, and strengthen fiscal discipline have contributed significantly to reducing vulnerabilities and rebuilding confidence in the economy. The report notes that Nigeria now faces global shocks with stronger policy frameworks and buffers than before. The recent conflict in the Middle East has created new challenges for economies around the world through higher energy prices, rising food costs, tighter financial conditions, and disruptions to global supply chains. While these developments present inflationary pressures, the IMF acknowledged that Nigeria has demonstrated notable resilience. Despite significant increases in global energy prices, the foreign exchange parallel market premium has remained below five percent, sovereign spreads have remained broadly stable, and investor confidence has been preserved. The IMF further noted that Nigeria is well positioned to benefit from higher energy prices through stronger export earnings, improved fiscal revenues, and increased foreign exchange inflows. The Federal Government remains focused on translating these opportunities into long-term gains by increasing crude oil production, expanding domestic refining capacity, growing gas production and exports, and attracting new investments across the energy value chain. The Government acknowledges the IMF's observation that poverty and food insecurity remain significant challenges. While progress is being made in terms of per capita income growing by nearly 10 percent in 2025 indicating marked reduction in poverty levels, we are mindful that macroeconomic stability, while necessary, is not sufficient on its own. Economic growth must be inclusive and must translate into tangible improvements in the welfare of Nigerians. Accordingly, the Government continues to strengthen targeted social protection programmes, including direct cash transfers to vulnerable households, support for small businesses, student financing through the Nigerian Education Loan Fund (NELFUND), consumer credit initiatives, healthcare investments, and interventions aimed at improving livelihoods and expanding economic opportunities. In agriculture, the Government is scaling up investments through the Renewed Hope National Agricultural Mechanisation Programme and other initiatives designed to improve productivity, expand irrigation and dry-season farming, enhance access to inputs and financing, strengthen value chains, and improve food security. These efforts are aimed at moderating food inflation while creating jobs and raising rural incomes. The Federal Government also welcomes the IMF's recognition of the progress being made in domestic revenue mobilisation and public financial management reforms. The successful implementation of Nigeria's new tax laws, the digitisation of revenue collection processes, improved transparency in public finance, and enhanced accountability mechanisms will continue to strengthen fiscal sustainability while ensuring a fairer and more efficient tax system. We note the IMF's recommendations regarding fiscal reporting, budget transparency, and data reconciliation. The Government is already taking steps to strengthen fiscal data integrity, improve coordination among relevant institutions, enhance transparency in budget execution, and deepen public financial management reforms. Efforts are ongoing to improve fiscal reporting systems and ensure that economic and fiscal statistics continue to meet the highest international standards. The report's medium-term outlook reinforces confidence in Nigeria's economic prospects. The IMF projects continued economic growth above four percent, improving external reserves, rising investment, and strengthening fiscal revenues over the medium term. Public debt has already declined relative to GDP, while reserve buffers have strengthened considerably. These outcomes which complement recent sovereign credit rating upgrades by leading international rating agencies reflect the growing resilience of the Nigerian economy and the positive impact of ongoing reforms. The Federal Government remains firmly committed to maintaining macroeconomic stability, accelerating inclusive growth, strengthening fiscal discipline, deepening structural reforms, improving the investment climate, expanding infrastructure, enhancing human capital development and job creation. We will continue to pursue policies that support private sector growth, attract domestic and foreign investment, and improve the competitiveness of the Nigerian economy. While challenges remain, the direction is clear and the foundations are stronger. The ultimate objective of these reforms is not merely improved economic indicators, but better outcomes for every Nigerian - lower inflation, decent jobs, higher incomes, greater economic opportunity, and a better quality of life. 𝐓𝐚𝐢𝐰𝐨 𝐎𝐲𝐞𝐝𝐞𝐥𝐞 Honourable Minister of Finance and Coordinating Minister of the Economy Federal Republic of Nigeria

Unlike the previous video, in this latest one the kidnappers are actively trying to mask their location. They're using clothing materials and fabrics as makeshift covers or screens against the surrounding shrubs, bushes, and trees. This strongly suggests they're still in the same hideout and haven't moved far if at all since the abduction on May 15. They appear pinned down, likely deep in or near the Old Oyo National Park forest corridors in the Oriire LGA area, where security forces have reportedly sealed off escape routes and confined them. They're surrounded by enough force that a direct assault risks heavy civilian casualties among the abducted students (including toddlers), teachers, and the principal. The abductors know this and are using the hostages as human shields while forcing out these plea videos. ISR and geographical tracking don't lie, It's only a matter of time before precision resolve this.

“They are not asking for sharia law or money; they are only asking for the release of some of their men. Government should stop playing politics with our lives" — Abducted vice-principal of Oyo State school, Mrs Alamu Folawe, speaks in new video.

RT @hajaramusa17: While this statement sounds noble on paper, it reads like a severe case of willful blindness. You cannot preach a "New Ni…