Economy

The National Security Adviser, Malam Nuhu Ribadu, has said the Federal Government is prioritising the fight against illicit drugs due to its far-reaching impact on national security and the wellbeing of citizens.   He linked the use of illicit substances—especially among young people—to rising insecurity, noting that many terrorists are…

ActionAid Nigeria has raised the alarm that illicit financial flows-estimated at over $18 billion annually, is bleeding the nation’s economy of much-needed resources. The Country Director, Andrew Mamedu at the Civil Society National Dialogue on Transforming the Financing for Development in Abuja said the consequences are not abstract but they are…

Nigerian Maritime Administration and Safety Agency (NIMASA) says the recent incident of pirates’ attack of a vessel was not in Nigerian coastal waters. According to a statement signed by Head, Public Relations, NIMASA, Osagie Edward, explained that the incident occurred of the waters of Sao Tome and Principe. “The piracy…

The domestic equity market on Monday opened on a bullish run, appreciating by N173 billion. Market capitalization of listed equities appreciated by 0.25 per cent to close at N70.635 trillion from N70.462 trillion reported the previous day. The NGX All Share Index also increased 273.94 points to 112015.95 points from…

The Federal Government has commenced the disbursement of the long-awaited N35,000 wage award arrears to federal civil servants, fulfilling a key part of its promise to cushion the impact of recent economic reforms on public workers. The announcement was made on Monday by the Office of the Accountant General of…

The House of Representatives on Thursday, has approved the tax reform bills passed by President Bola Ahmed Tinubu’s after months of debate and controversy. The bills include the Nigerian Tax Bill, the Tax Administration Bill, the Revenue Tax Board Bill, and the Nigerian Revenue Service Establishment Bill. Presidential spokesperson and…

The Federal Government of Nigeria has launched the National Electronic Assets Register to enhance transparency in the management of public funds and improve the tracking and accessibility of national assets. Speaking at the official launch on Thursday, the Accountant General of the Federation, Dr. Oluwatoyin Madein, explained that the initiative…

The Office of the Accountant General of the Federation (OAGF) has clarified that the Federal Government has not discontinued the use of Remita as a Central Bank-approved payment gateway. In a statement signed by the Director of Press and Public Relations, Bawa Mokwa, the OAGF disclosed that Remita will, however,…

Nigeria’s Minister of Information and National Orientation, Alhaji Mohammed Idris has said that the 2025 budget is a strategic roadmap for economic resilience, social stability and national progress. Speaking on Tuesday in Abuja at the third edition of the Ministerial Press Briefing for 2025, the minister said this year’s budget…

The Federal Government has solicited the support of religious leaders to end open defecation in Nigeria by 2030. Professor Joseph Utsev, Minister of Water Resources and Sanitation, made the call on Tuesday when he led a delegation on a courtesy visit to the Catholic Archbishop of Abuja, Most Reverend Ignatius…