Category Archives: Economy

President Bola Ahmed Tinubu has approved a minor cabinet reshuffle in the membership of the Federal Executive Council. According to a memo signed by the Secretary to the Government of the Federation, Sen. George Akume, two cabinet members, Mr. Wale Edun and Arc. Ahmed Musa Dangiwa are to leave the cabinet while their replacements haveContinueContinue reading “Breaking: Tinubu removes Edun as Minister of Finance, directs Oyedele to take over”

President Bola Tinubu on Monday swore in Mr Taiwo Oyedele, the chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, as Minister of State for Finance, extolling his determination and dedication to duty. President Tinubu, who spoke after the brief ceremony at the Presidential Villa, Abuja, said the appointment was a vote ofContinueContinue reading “Tinubu swears in Oyedele as Minister of State for Finance”

Dr Jimoh Ibrahim CFR, the Senator representing Ondo South Senatorial District and a business management strategist, has said Nigeria is not among the world’s most indebted nations. He described the country’s current fiscal outlook as evidence of disciplined economic management under President Bola Ahmed Tinubu.Ibrahim who is also an Ambassador-designate, stated this while reacting toContinueContinue reading “Tinubu’s fiscal strategy keeping Nigeria off top global debt list – Jimoh Ibrahim”

A maritime expert, Prof. Andrew Spencer, says delisting Nigeria from the International Maritime Organisation (IMO) ‘White List’ has hindered the great potentials of the country’s blue economy. He said Nigeria had been delisted from IMO’s ‘Whie List’ for the past 13 or 14 years, which had an adverse effect. Spencer, the President, Caribbean Maritime University,ContinueContinue reading “Why Nigeria is yet to benefit much from blue economy – Expert”

President Bola Ahmed Tinubu has nominated Mr Taiwo Oyedele as the minister of state for finance, replacing Dr Doris Uzoka-Anite.Uzoka-Anite will now move to the Ministry of Budget and National Planning, as the Minister of State, her third portfolio in the administration. President Tinubu on Tuesday conveyed the nomination of Oyedele to the Senate forContinueContinue reading “Tinubu nominates tax guru, Oyedele as minister of state for finance”

David Umahi, Minister of Works, has blamed recent flooding on the Lagos-Calabar coastal highway on vandalism and indiscriminate waste disposal by residents. Speaking at a press conference, the minister said efforts made to protect sections of the coastal road have been undermined by acts of destruction.  He said that the protective installations, including green barbedContinueContinue reading “Umahi blames erosion on Lagos-Calabar coastal highway on vandalism”

Lagos State received the highest allocation of N726.99 billion from the Federation Account in 2025.The Federation Accounts Allocation Committee (FAAC) disbursed a total of Total: N9.12 trillion to the 36 states in 2025.According to data obtained from FAAC and NBS, a state-by-state allocation analysis listed top recipients to include Lagos State which received the highestContinueContinue reading “2025 FAAC: FG shares 9.12trn as Lagos gets N726bn, Ondo N219bn, others”

President Bola Tinubu on Monday declared that Nigeria will defeat terrorism and banditry, describing the security threats as “unacceptable” and alien to the nation’s core values. Declaring open the Second National Economic Council (NEC) Conference at the State House Conference Centre, Abuja, President Tinubu assured Nigerians of his administration’s resolve to strengthen the country’s securityContinueContinue reading “We ‘ll overcome terrorism, banditry – Tinubu”

A total sum of N1.969 trillion, December 2025 federation account revenue has been shared to the Federal Government, states and the Local Government Areas (LGAs). This is according to a communiqué from the Federation Account Allocation Committee (FAAC) made available by Mr Bawa Mokwa,Director. Press and Public Relations, Office of the Accountant-General of the Federation.TheContinueContinue reading “FG, states, LG’s share N1.969trn December 2025 revenue”

The Central Bank of Nigeria (CBN) has upgraded the licenses of major FinTech companies and Microfinance Banks, including Opay and Moniepoint, to national status, allowing them to operate across the country following compliance with regulatory requirements.The upgrade applies to key players such as Moniepoint MFB, Opay, Kuda Bank, Palmpay, and Paga, which have grown rapidlyContinueContinue reading “CBN upgrades Opay, Palmpay, others to national licenses”