Category Archives: Economy

Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has disclosed that he has been receiving threats over his role in implementing Nigeria’s tax reforms.Oyedele made the disclosure while speaking at a governance colloquium, where he said pushing reforms that affect entrenched interests requires courage, especially in a system that hasContinueContinue reading “I received threats over tax reforms – Oyedele”

Nigeria to receive fresh $9.5 million (£7 million), believed to be stolen funds linked to former military Head of State, late Sani Abacha, from the United Kingdom’s Jersey. According to the BBC, Jersey has agreed to repatriate the fund to the Nigerian government.The money, described as proceeds of “tainted property,” is said to be partContinueContinue reading “Just In: Jersey to send fresh $9.5m Abacha loot to Nigeria”

President Bola Tinubu has praised corporate Nigeria, citizens, and other stakeholders in the Nigerian capital market for surpassing the N100 trillion milestone on the Nigerian Stick Exchange (NGX).Tinubu described this record achievement as an inspiration for the investing public operating in the money and capital markets.He urged Nigerians to deepen their investments in the localContinueContinue reading “Tinubu applauds NGX N100 trn milestone, charges Nigerians to invest more locally”

As of January 6, 2026, 19 Nigerian banks have met the Central Bank of Nigeria, (CBN) recapitalization requirements, ahead of the March 31 deadline. This was disclosed in data released by The Cable Index on Tuesday. The banks with international licenses that have complied include Access Bank, Fidelity Bank, First Bank, GTBank (GTCO), UBA, andContinueContinue reading “Just In: 19 banks meet CBN recapitalization requirements”

As the New Year begins, Ondo State Governor, Dr Lucky Orimisan Aiyedatiwa, on Monday admonished public servants and political office holders to place the broader interest of the state above all else, roll up their sleeves and work assiduously towards rapid development, while remaining steadfastly committed to the “OUR EASE” agenda.Speaking at the First WorkingContinueContinue reading “2026: Aiyedatiwa promises improved workers’ welfare, strict budget implementation, others”

…….Says budget prioritises infrastructure, education, health, agriculture, human capital development.Ondo State Governor, Dr. Lucky Orimisan Aiyedatiwa, on Monday, December 29,, signed the 2026 Appropriation Bill, tagged the “Budget of Economic Consolidation,” into law.The Governor, who signed the budget at the Executive Council Chamber, Governor’s Office, Akure, described the occasion as far more than a statutoryContinueContinue reading “Aiyedatiwa signs N524bn 2026 budget of economic consolidation into law”

President Bola Tinubu has presented a budget proposal of ₦58.47 trillion for the 2026 fiscal year to a joint session of the National Assembly, with capital recurrent (non‑debt) expenditure standing at ₦15.25 trillion. Tinubu presented it on Friday, pegging the capital expenditure at ₦26.08 trillion and putting the crude oil benchmark at US$64.85 per barrel.ContinueContinue reading “Just In: Tinubu presents N58.18tr 2026 budget to joint session of National Assembly”

The Nigerian Export Promotion Council (NEPC) has urged stakeholders in the solid minerals sector to prioritise value addition, improved packaging, and effective marketing to boost non-oil exports and drive sustainable economic diversification. The Executive Director/CEO of NEPC, Mrs Nonye Ayeni, gave the charge on Tuesday in Abeokuta at an Interactive Forum for Solid Minerals StakeholdersContinueContinue reading “NEPC task stakeholders on solid minerals value addition, improved packaging”

The Office of the Accountant General of the Federation has dismissed claims suggesting that October salaries of federal workers would be delayed due to an ongoing upgrade of the Integrated Personnel and Payroll Information System.In a statement signed and released by the Director, Press Office of the Accountant General of the Federation, Bawa Mokwa, onContinueContinue reading “OAGF dispels salary delay fears over IPPIS upgrade”

The Ondo State Government has dismissed reports alleging that the Benin Electricity Distribution Company (BEDC) secretly increased electricity tariffs. Engr. Johnson Alabi, the state’s Commissioner for Energy and Mineral Resources made this known while clarifying the allegations. Reacting to the claims in his office, the Commissioner said, “The story is not true. What happened isContinueContinue reading “Ondo govt call for calm over alleged BEDC secret tariff hike”