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The Nigerian Civil Aviation Authority (NCAA) has pushed back strongly against claims that soaring domestic airfares are driven by multiple government taxes, insisting that airlines do not pay the levies being cited and that recent fare spikes are the result of market forces rather than regulatory burdens. In a statement posted on X on Sunday,…
President Bola Tinubu has approved the cancellation of a significant portion of the Nigerian National Petroleum Company Limited’s outstanding debt to the Federation Account, wiping off about $1.42 billion and N5.57 trillion following a reconciliation of records between both parties. The approval was disclosed in a document prepared by the Nigerian Upstream Petroleum Regulatory Commission…
The Tony Elumelu Foundation (TEF) has officially announced the opening dates for its flagship 2026 Annual Grant program, reinforcing its decade-long commitment to catalyzing African entrepreneurship. Applications for the highly competitive program will be accepted from January 1 to March 1, 2026. Widely recognized as one of the continent’s most comprehensive entrepreneurship support initiatives,…
With just four days to the scheduled commencement of Nigeria’s sweeping tax reforms, tensions are mounting as organised labour, small businesses and employers’ groups warn of resistance, while manufacturers have declared support for the new laws. The Nigeria Labour Congress (NLC) has threatened a nationwide revolt over the planned January 1, 2026 implementation of the…
In a gesture of remembrance and support, the 4th Brigade Command in Benin organized a special Christmas luncheon and gift presentation for the families of soldiers who died in the line of duty. The event, held on Friday, was led by the Brigade Commander, Brigadier-General Ahmed Balogun, and the Chief Medical Director of the…
The Federal Government has reaffirmed that Nigeria’s far-reaching tax reforms will take effect on January 1, 2026, dismissing calls for further delays and insisting that the new tax regime is designed to ease the burden on ordinary Nigerians and small businesses. The confirmation followed a high-level meeting between President Bola Ahmed Tinubu and members of…
As governors across Nigeria present their 2026 appropriation bills to state Houses of Assembly, an analysis has revealed sharp disparities in education funding, with Anambra, Enugu, Kano and Jigawa emerging as the biggest spenders, while several states fall far below global benchmarks. So far, 34 governors have submitted their 2026 budget proposals, exposing uneven prioritisation…
The Katsina State Government, in partnership with the World Bank–financed Agro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL) project, has restored more than 30,000 hectares of degraded land across the state, Governor Dikko Umaru Radda has said. Radda disclosed this on Wednesday during the flag-off of the distribution of farm inputs, waste disposal trucks, tractors and energy-efficient…
Bayelsa State Governor, Douye Diri, has signed the state’s ₦1.01 trillion 2026 Appropriation Bill into law, following its passage by the Bayelsa State House of Assembly. The signing was confirmed in a statement issued on Tuesday by the governor’s Chief Press Secretary, Daniel Alabrah. Governor Diri had originally presented a budget estimate of ₦991.371 billion…
The Nigerian Naira opened trading on Monday with a notable gain against the US Dollar at the official foreign exchange market, signaling a positive start to the week after a period of depreciation. Data published by the Central Bank of Nigeria (CBN) showed that the Naira closed at ₦1,456.56 per dollar at the official…
