Tinubu to Present N47.9trn 2025 Budget to NASS on Tuesday President Bola Tinubu is set to present the N47.9 trillion 2025 budget to the national assembly on December 17. Senate President Godswill Akpabio announced the development at a plenary on Thursday. “The president has made his intention known to the National Assembly to present the

Tertiary Education Trust Fund (TETFund) By Tersoo Adagher Since President Bola Ahmed Tinubu assumed office nearly a year ago, several attempts have been made to disrupt governance and undermine the policies of this young administration. A troubling tactic in this campaign has been the deliberate targeting and demonization of key government officials, presumably to keep

The Federal Government has disclosed plans to increase national grid capacity by an additional 150 megawatts (MW) before the end of 2024. Adebayo Adelabu, the minister of power, revealed this on Thursday while briefing State House correspondents after a closed-door meeting between German President Frank-Walter Steinmeier and Nigerian President Bola Tinubu at the Presidential Villa

The leadership of the Labour Party (LP) has said would go to court to seek an order declaring the seats of defectors from the party vacant Obiora Ifoh, the party’s National Publicity Secretary, said this followed the defection of Akangbe Illiya, a member representing Jos South/Jos East, at the House of Representatives The party had

…Approves state police, 0.05% for RMAFC The National Economic Council (NEC) says states’ indebtedness to the Federal government now stands at N16.6 billion Wale Edun, minister of Finance and Coordinating Minister of the Economy, revealed this while briefing State House journalists after the 147th meeting of the NEC meeting presided over by Vice President Kashim

The naira, on Thursday, saw an improvement across both the parallel and official foreign exchange (FX) markets as demand for the U.S. dollar moderated amidst an ongoing currency shortage. According to data from the Central Bank of Nigeria (CBN), the local currency appreciated by 0.85 percent, or N13, in the Electronic Foreign Exchange Matching System

The Economic and Financial Crimes Commission (EFCC) has filed charges against Ahmed Kuru, former Managing Director of the Asset Management Corporation of Nigeria (AMCON), and several top executives of Arik Air, including  Roy Ilegbodu and Kamilu Omokide, over their involvement in an alleged N76 billion loan fraud. The accused individuals are facing trial for their

President Bola Ahmed Tinubu and Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms PRNigeria has debunked claims that inheritance tax has been introduced into President Bola Ahmed Tinubu’s Tax Reform Bill to target Muslims. The assertion, which gained traction on social media platforms, particularly WhatsApp, was based on an article

PIDA By Mohammed Dahiru-Lawal An African dream is unfolding—one defined by an ambitious blueprint aimed at connecting people and infrastructure to eradicate poverty and accelerate development across the continent. This vision emerges against the backdrop of Africa’s staggering infrastructure deficit. With an estimated annual funding gap of $170 billion, the continent’s economic growth and development

Nigeria’s broad Money Supply (M²) increased by 48.3 percent year-on-year, YoY, to N107.7 trillion in October 2024, from N72.6 trillion in the corresponding period of 2023. According to the Central Bank of Nigeria, CBN, Money and Credit Statistics data released yesterday the M² recorded six months consecutive increases since April 2024 but reversed the trend

Crude Oil Prices The Federal Government says Nigeria’s oil production, including condensates, jumped by 9.9 per cent to 1.69 million barrels per day in November 2024, up from 1.538mbpd recorded in October 2024 According to the latest data released by the Nigerian Upstream Petroleum Regulatory Commission, an agency of the Federal Government, liquid crude oil

Nigerian Stock Exchange with market operators The Nigerian Stock Exchange closed with a market capitalisation of N59.7tn on Wednesday, reflecting a gain of N184bn in total market value. In terms of market indices, the All-Share Index gained 0.31 per cent, closing at 98,509.68 points. The ASI has recorded a one-week gain of 0.34 per cent