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
President Bola Tinubu has issued an executive order (EO) to safeguard and enhance oil and gas revenues for the Federation, curb wasteful spending, eliminate duplicative structures in the critical sector of the national economy, and redirect resources for the benefit
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has lauded the recent decision of the 39th Ordinary Session of the Assembly of the African Union (AU) during the February 2026 Summit to officially approve Nigeria’s permanent
The National Pension Commission (PenCom) is partnering with Pension Fund Administrators (PFAs) to launch a self-service online data recapture application known as the Data Recapture Self-Service Platform (PENCAP) on 1 February 2026. The platform will enable Retirement Savings Account (RSA)
The federal government has commenced the plotting of disputed and newly drilled oil and gas wells in the country. Chairman, Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Dr. Mohammed Bello Shehu disclosed this at the headquarters of the Commission in
The Budget Office of the Federation has categorically rejected recent claims alleging that the North East Development Commission (NEDC) operates a ₦246 billion “salaries budget.” This assertion is misleading, inaccurate, and rooted in a fundamental misunderstanding of the Federal Government
The Pension Transitional Arrangement Directorate (PTAD) say it has disbursed a total sum of ₦55.9 billion as monthly pensions and pension arrears to eligible Pensioners and Next-of-Kins of deceased Pensioners under the Defined Benefits Scheme (DBS) in December, 2025. Olugbenga
Former Minister of Finance, Mrs Kemi Adeosun has backed the ongoing tax reforms, noting that tax compliance had historically been weak, particularly among wealthy individuals and large corporations in Nigeria. Adeosun made this disclosure during an interview on Channels Television’s
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