Barbara Bako, Abuja. Nigeria moved closer to petrol self-sufficiency in May 2026 as domestic refineries supplied nearly 88 per cent of the country’s daily Premium Motor Spirit (PMS) demand. Data contained in the May 2026 Factsheet released by
The Federal Government, States and the Local Government Councils have shared a total sum of N2.3 trillion, being May 2026 Federation Account Revenue, at the June 2026 Federation Account Allocation Committee (FAAC) meeting held in Abuja. Bawa Mokwa, Director (Press
Enugu State has been designated as the South-East Zonal Headquarters of the Office of the Tax Ombud, a development expected to enhance taxpayer support services and contribute to improving the tax-to-GDP ratio of both the state and the nation by
The Nigerian Government has dismissed reports suggesting that it has adopted or is considering new taxes on telecommunications services and petroleum products following the publication of the International Monetary Fund (IMF) Article IV Consultation Report on Nigeria. The Government in
Barbara Bako, Abuja. The Federation Account Allocation Committee (FAAC) has shared a total of N2.257 trillion as revenue generated in April 2026 among the Federal Government, states and local government councils. The allocation was approved at the committee’s May 2026
The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has pledged the Federal Government’s commitment to improve its communication and engagement with the media to enhance public understanding of its economic policies and agenda. Oyedele who
The conflict in the Middle East is expected to slow global growth to the lowest rate since the onset of the COVID-19 pandemic amid higher energy prices, steeper inflation, and increased borrowing costs, according to the World Bank Group’s latest
Barbara Bako, Abuja. The Federal Government has said Nigeria’s economic reforms are yielding results, citing the International Monetary Fund’s (IMF) latest assessment as evidence that measures introduced over the past three years are strengthening the country’s economic fundamentals.
Barbara Bako, Abuja. Nigeria has secured three finalist nominations at the 2026 International Public Relations Association (IPRA) Golden World Awards, with communication campaigns for the Central Bank of Nigeria (CBN), the National Information Technology Development Agency (NITDA), and
The Federal Government has approved the payment of verified obligations to more than 1,240 local contractors in a move aimed at injecting liquidity into businesses and supporting economic activities across the country. The approval was granted by the Minister of
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