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The Federal Executive Council (FEC) has approved the 2026 national budget, paving the way for its formal presentation to a joint session of the National Assembly by President Bola Ahmed Tinubu later today. The approval clears a key constitutional step in the budgetary process and signals the commencement of legislative consideration of the 2026 Appropriation…
The Nigeria Sovereign Investment Authority (NSIA) has surpassed the $3 billion mark in total assets, signaling a maturation from its foundational mandate as a stabilization fund into a sophisticated architect of national economic systems. Established over a decade ago by an Act of Parliament to manage Nigeria’s sovereign wealth, the Authority has evolved into a…
Bauchi – The Federal Operations Unit, Zone ‘D’, of the Nigeria Customs Service has seized smuggled goods with a Duty Paid Value (DPV) of over ₦82.1 million in a two-week operation across nine states in the country’s North-East and North-Central regions. The Zone Comptroller, Mr. Abdullahi Kaila, disclosed this during a press briefing in Bauchi…
The Independent Petroleum Marketers Association of Nigeria has revealed plans to venture into refinery ownership, subject to regulatory approval, as part of efforts to deepen domestic refining and reduce Nigeria’s reliance on imported petroleum products. The association also directed its members nationwide to prioritize the purchase of Premium Motor Spirit from the Dangote Petroleum…
European markets have spent much of the past year trailing the United States, and investors are now pinning their hopes on a potential spending surge in Germany to change the narrative in 2026. As the European Union’s largest economy, Germany’s fiscal choices are seen as pivotal—but markets want proof that promised spending will translate into…
Five self-styled herbalists operating shrines in Lagos and Osun states are set to face trial after operatives of the Economic and Financial Crimes Commission (EFCC) uncovered what the agency described as a sophisticated fraud involving fake foreign currency valued at $3.4 million and €280,000. The arrests followed intelligence reports and surveillance linking the suspects to…
The Federal Government has unveiled a new Presidential Executive Order prohibiting the exportation of wood, charcoal, and other allied forest products from Nigeria. The Minister of Environment, Alhaji Balarabe Abbas-Lawal, announced the order on Wednesday in Katsina during the 18th meeting of the National Council on Environment (NCE). He said the directive, titled “Presidential Executive…
Nigeria has continued to witness the deadliest killings, as reports suggest that armed non-state actors have killed over 200 people in recent attacks. Several illegal armed groups, ethnic militia groups, religious fundamentalists and fanatics are evidence of insecurity in Nigeria, and their atrocities have given rise to series of bombings, murder, arson, armed robbery, corruption,…
The National Bureau of Statistics has confirmed that capital imported into Nigeria surged by 97.73% in the closing quarter of 2021. The value stood out at $1.73 billion, edging out the $875.62 million recorded in the preceding quarter. The body published a report that revealed the 97,73 percent increase. However, comparison with the last quarter…
Effective today, President Buhari has lifted the 222-day-old ban on Twitter in Nigeria, maintaining that the lift was a result of Twitter’s willingness to run its activities in cooperation with the Federal Government. The President’s approval was given, following a memo written to him by the Honourable Minister of Communications and Digital Economy, Prof Isa…
