Barbara Bako, Abuja. The Federal Government says the removal of fuel subsidy generated N15.8 trillion in savings for the Federation between June 2023 and December 2025, with states and local governments receiving N10.4 trillion of the proceeds. Minister
Barbara Bako, Abuja. The Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Rabiu Abdullahi Umar, has called for urgent investment in infrastructure, logistics and market systems to move West Africa from a petroleum price-taking
Barbara Bako, Abuja. The Securities and Exchange Commission (SEC) has proposed a new financing model that could allow Nigerians to invest as little as N10,000 through their mobile phones in specific infrastructure projects across Abuja. SEC Director-General, Dr.
Barbara Bako, Abuja. Nigeria’s external reserves have risen above $52.5 billion, surpassing the Central Bank of Nigeria’s annual target and reaching their highest level in 17 years, the Central Bank of Nigeria (CBN) has said. The apex bank attributed
Barbara Bako, Abuja. The Federal Government has said the N1.3 billion appropriated to the Presidential Economic Advisory Council/Presidential Foreign Intervention Promotion Council (PEAC/PFIPC) in the 2026 budget was never released or spent. Director-General of the Budget Office of
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
S&P Global Ratings has assigned African Export-Import Bank (Afreximbank) a ‘BBB+’ long-term issuer credit rating and an ‘A-2’ short-term issuer credit rating, with a Stable Outlook, reinforcing the Bank’s strong financial standing and its critical role in driving trade, industrialisation
Barbara Bako, Abuja. Nigeria’s economy expanded by 3.89 per cent in real terms in the first quarter of 2026, driven largely by strong performance in the non-oil sector, particularly telecommunications, agriculture, finance and trade, even as crude oil production declined
Barbara Bako, Abuja. Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, on Thursday defended the ongoing reforms at the apex bank and warned against a return to interventionist monetary policies, saying such measures previously weakened the institution’s
The Accountant-General of the Federation (AGF), Dr. Shamseldeen Babatunde Ogunjimi, has expressed the Federal Government’s readiness and commitment to ensure prompt release of approved funds to the Nigeria Police Force in order to strengthen its operations and tackle insecurity across
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