adminNBS to introduce three new indexes in inflation report:
The National Bureau of Statistics has revealed that it will be introducing three new indexes in its monthly Consumer Price Index. This was revealed on Thursday at the sensitisation workshop…
Tinubu approves $20,000 medical allowance, other perks for retiring military chiefs, generals
President Bola Tinubu has approved a new retirement package for service chiefs and generals, including a $20,000 annual medical allowance for foreign treatment, bulletproof SUVs, and domestic staff. According to…
Governors forum cancelled meetings four times, Tax Reform chair reveals
Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has shed light on the difficulties encountered in engaging state governors regarding tax reforms. Speaking during an…
Net Forex Inflows Rises To $4692bn, Says CBN
Data from the Central Bank of Nigeria said the net foreign exchange (FX) inflows through the economy rose by 65.7 per cent year-on-year (YoY) to $46.92 billion in the first…
Again, Northern Elders Ask FG To Suspend Tax Reform Bills
The Northern Elders’ Forum (NEF) has again raised concerns over the Federal Government’s proposed Tax Reform Bills, urging immediate suspension of the implementation and calling for extensive dialogue with stakeholders.…
Why Yar’Adua cancelled Port Harcourt refinery sale – Falana
A Senior Advocate of Nigeria, Femi Falana, has claimed that former President Umaru Yar’Adua cancelled the sale of the Port Harcourt Refinery to a consortium led by business mogul, Aliko…
FG’s Deficit Spending Surges To N12.1tn — CBN
The Federal Government’s deficit spending surged by 28 per cent, Year-On-Year to N12.1 trillion in the first ten months of 2024. An analysis of data in the Central Bank of…
NNPC turned down Dangote’s $750m to manage Nigeria’s refineries – Obasanjo
Former President Olusegun Obasanjo has disclosed that the Nigerian National Petroleum Corporation (NNPC) rejected a $750 million offer from billionaire businessman Aliko Dangote. In an exclusive interview with Channels TV,…
FG’s borrowings drive up money supply 51% to N108.96 trn
Nigeria’s Broad Money Supply (M2) increased by 51 per cent Year-on-Year, YoY, to N108.96 trillion in November 2024 from N72.03 trillion in the corresponding period of 2023. Broad Money Supply…
Reforms: World Bank Releases $1.5bn To Nigeria After Subsidy Removal, Tax Bills
The World Bank has released a $1.5bn loan to Nigeria following the Federal Government’s implementation of a few of its economic reforms, including removing fuel subsidies and introducing tax policies.…
Tax reforms here to stay, says Tinubu
President Bola Tinubu has stated that his administration’s tax reforms have come to stay. The Nigerian leader stated this on Monday night while speaking during his first presidential media chat…
We Won’t Control Prices To Reduce Food Costs –Tinubu
The President has said he does not support price control as a means of bringing down food prices. Tinubu, who spoke on Monday during the presidential media chat, said the…
I have no regret removing fuel subsidy—Tinubu
President Bola Tinubu has reiterated that he has no regrets about removing the fuel subsidy, emphasising that the decision was necessary to secure Nigeria’s financial future. Speaking on Monday during…
Uzodimma allocates N20bn to livestock ministry —but education gets only N7bn in Imo 2025 budget
Imo State Governor, Senator Hope Uzodinma has presented a proposed budget estimate of 755.6 billion naira to the state House of Assembly for legislative consideration and approval. While presenting the…
Nigeria’s Economy Grew In Q3 2024, Says CBN
The economy grew by 3.46 per cent in Q32024, with output reaching ₦20.115 trillion, up from 3.19 per cent (₦18.285 trillion) in Q2 2024, driven mainly by the non-oil sector.…