Economy

A total sum of N 1.424 trillion, being Dec. 2024 Federation Account Revenue has been shared to the Federal Government, states, and the Local Government Councils (LGCs). This is according to a statement by Bawa Mokwa, Director, Press and Public Relations, Office of the Accountant General of the Federation (OAGF).…

Nigeria’s Minister of Works, David Umahi, has ordered the removal of speed bumps on the country’s highways to improve traffic flow and reduce congestion on major roads. Umahi made this known at a two-day Retreat for Federal Ministry of Works Highway Engineers and Managerial Staff on Friday in Abuja. The…

The 36 State Governors under the umbrella of the Nigeria Governors’ Forum (NGF) have declared support for the tax reform bills presently before the National Assembly for consideration and passage into law. The Governors rose from a meeting with the Taiwo Oyedele-led presidential tax reform committee and declared in a…

The Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani has said that telecoms tariffs will soon increase but not by 100 per cent. Rising from a stakeholders meeting with Mobile Network Operators (MNOs) on Wednesday in Abuja, Tijani said that consultations and engagements were ongoing on the issue.…

President Bola Tinubu, on Wednesday in Lagos, emphasised the critical role of state governors in driving Nigeria’s development and prosperity. He said their leadership at the subnational level was central to achieving food security, economic prosperity and rapid national growth. The President made the remarks during a visit by Vice…

Former Leader of the Senate, Mohammed Ali Ndume, declared on Sunday that the North is not parasitic in nature particularly when matters of economic survival are concerned. Ndume who represents Borno South Senatorial District in the National Assembly, noted that all states, zones and regions in the country need each…

Nigeria’s internet subscriber base grew by 1.88 million in October 2024, reaching 134.78 million, according to the Nigerian Communications Commission (NCC). Mobile networks dominated with 134.27 million users, while fixed wired and VoIP contributed the rest. MTN Nigeria led the growth, adding 1.13 million subscribers to total 69.52 million, followed…

The Joint Task Force (JTF) South-South, operating under Operation Delta Safe (OPDS), has secured 95% of the Trans-Niger, Trans-Ramos, and Trans-Escravos pipelines within the past three months. Speaking at a press briefing in Bayelsa State on Wednesday, Rear Admiral John Okeke, Commander of JTF South-South Operation Delta Safe said through…

President Cyril Ramaphosa has expressed South Africa’s interest in collaborating with Nigeria to harness critical minerals, particularly lithium, to drive the green energy transition and support the development of electric vehicles (EV) batteries. According to a statement by Bayo Onanuga, Special Adviser to the President (Information & Strategy), he disclosed…

The Central Bank of Nigeria (CBN) has dismissed claims of forced mass retirements, clarifying that its Early Exit Package (EEP) is entirely voluntary and without any negative repercussions for eligible staff. Speaking in Abuja on Wednesday, December 4, 2024, the Acting Director of Corporate Communications, Mrs. Hakama Sidi Ali, stated…