Economy
Reps approve Tinubu’s tax reform bills
The House of Representatives on Thursday, has approved the tax reform bills passed by President Bola Ahmed Tinubu’s after months of debate and controversy. The bills include the Nigerian Tax Bill, the Tax Administration Bill, the Revenue Tax Board Bill, and the Nigerian Revenue Service Establishment Bill. Presidential spokesperson and…
Read More »Nigeria: FG launches National Electronic Assets Register to boost transparency, accountability
The Federal Government of Nigeria has launched the National Electronic Assets Register to enhance transparency in the management of public funds and improve the tracking and accessibility of national assets. Speaking at the official launch on Thursday, the Accountant General of the Federation, Dr. Oluwatoyin Madein, explained that the initiative…
Read More »FG Has Not Discontinued Use of Remita as Approved Payment Gateway – OAGF
The Office of the Accountant General of the Federation (OAGF) has clarified that the Federal Government has not discontinued the use of Remita as a Central Bank-approved payment gateway. In a statement signed by the Director of Press and Public Relations, Bawa Mokwa, the OAGF disclosed that Remita will, however,…
Read More »Minister says 2025 budget is roadmap for economic resilience, national progress
Nigeria’s Minister of Information and National Orientation, Alhaji Mohammed Idris has said that the 2025 budget is a strategic roadmap for economic resilience, social stability and national progress. Speaking on Tuesday in Abuja at the third edition of the Ministerial Press Briefing for 2025, the minister said this year’s budget…
Read More »FG Seeks Collaboration with Religious Leaders to End Open Defecation
The Federal Government has solicited the support of religious leaders to end open defecation in Nigeria by 2030. Professor Joseph Utsev, Minister of Water Resources and Sanitation, made the call on Tuesday when he led a delegation on a courtesy visit to the Catholic Archbishop of Abuja, Most Reverend Ignatius…
Read More »Accountant General tasks FPOs on integrity, dedication to duty, financial reform initiatives
Nigeria’s Accountant General of the Federation, Dr. (Mrs.) Oluwatoyin Madein has tasked Federal Pay Officers (FPOs) to entrench transparency, dedication and professionalism in the conduct of their official duties. According to a statement, Madein also mandated the Federal Pay Officers to ensure that Federal Ministries, Departments and Agencies (MDAs) in…
Read More »CBN extends forex sale period to Bureau de Changes by four months
The Central Bank of Nigeria (CBN) has extended the Foreign Exchange (FX) sale period to Bureau de Change (BDC) operators from January 31 until May 30. This aims to better serve retail market demands. The bank disclosed this in a circular, signed by Dr W. J. Kanya, Acting Director of…
Read More »CBN unveils new FX code, confirms multiple unethical, illegal practices in $7b FX backlog
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso on Tuesday unveiled a new Foreign Exchange (FX) Code to the market. Cardoso, at an event in Abuja, confirmed that the $7 billion dollars of FX backlog that has taken over 12 months to verify has led to the…
Read More »NATCOMS vows to challenge NCC’s approval of 50% tariff hike
The National Association of Telecommunications Subscribers (NATCOMS) has said it would challenge the Federal Government’s decision to allow telecoms operators increase tariff by 50 per cent in a court of law. The President, NATCOMS, Mr Deolu Ogunbanjo, in an interview with the News Agency of Nigeria (NAN) in Lagos said…
Read More »Minister complains that N800b allocated to Works Ministry for 2025 inadequate
The Minister of Works, Mr Dave Umahi has complained that the N800 billion allocated to the ministry in the 2025 budget is inadequate to address the country’s road infrastructure needs. Umahi stated this in Abuja during the 2025 budget defence session organised by the House Committee on Works. He appealed…
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