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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…
Nigeria pumped more crude oil in the first half of 2025, but the money did not follow. Despite a modest recovery in production, the Federal Government earned ₦16.2 trillion less than projected from oil between January and June, once again exposing the fragility of an economy still heavily tied to a volatile commodity. According to…
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has issued a stark warning, outlining the negative consequences for workers and businesses if Nigeria’s newly signed tax laws are not implemented by the January 1, 2026 deadline. President Bola Tinubu recently enacted four major tax reform bills, hailed by the…
As Christmas draws near, Lagos markets are beginning to glow with festive colours—but behind the tinsel and bright displays lies a more measured mood. Traders across major commercial hubs say this year’s yuletide season is unfolding with uneven momentum, shaped by rising costs, cautious consumer behaviour and shifting spending priorities. At the Balogun Business Association…
Gold prices soared to a historic high on Monday, driven by growing market confidence that the U.S. Federal Reserve will extend its rate-cutting cycle into the coming year. In early trading, the spot price of gold reached an all-time peak of $4,383.76 per ounce, surpassing its previous record of $4,381.52 set in October. The…
