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Hundreds of Nigerians stranded in South Africa as

  • 19th June 2026

Amazon engineers under internal probe after criticising AI

  • 19th June 2026

Only 6% of Nigerians access formal credit despite

  • 19th June 2026

OPEC rejects IEA forecast of oil oversupply

  • 18th June 2026

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FG approves ₦21.2m Ebola preparedness funds

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Tinubu extends Customs CG Adeniyi’s tenure by six months

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Only 18% of Nigerian retailers can access formal loans

Finance

Nigeria flags off RwandaAir on Nigeria–East/Southern Africa air cargo

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News

FG approves SPV for 90,000km fibre optic cable

The Federal Government has approved a special purpose vehicle for the delivery of an additional 90,000 km fibre optic cable to ensure universal internet access in Nigeria This was disclosed in a statement by the Minister of Communications, Innovation, and Digital Economy, Bosun Tijani on Tuesday, according to The Punch. An SPV is a separate […]

News

FG to empower 5,000 NYSC members with N10m – Minister

The Federal Government has announced plans for the empowerment of 5,000 members of the National Youth Service Corps with a sum of N10 million each to fund their entrepreneurial activities after completion of the scheme. This was disclosed by the Minister of Youth Development, Dr. Jamila Ibrahim during the opening ceremony of the inaugural meeting […]

Tinubu orders NNPC to sell Crude to Dangote in Naira
News

Tinubu orders CBN to suspend implementation of cybersecurity levy

President Bola Tinubu has directed the Central Bank of Nigeria to suspend the implementation of the controversial cybersecurity levy policy and ordered a review. This follows the decision of the House of Representatives, which last Thursday called on the CBN to withdraw its circular ordering all banks in the country to start charging a 0.5 […]

Tinubu orders NNPC to sell Crude to Dangote in Naira
Maritime

FG to launch Funtua Inland Dry Port Thursday

The Federal Government has formally concluded its plans for the inauguration of Funtua Inland Dry Port in Katsina State. This was disclosed in a statement by the Assistant Director, Public Relations Unit of the Nigerian Shippers Council, Rebecca Adamu on Tuesday, according to The Punch. Adamu stated that the launch has been slated for Thursday. […]

News

States, LGs to share 90% VAT revenue – Presidential panel

The Presidential Committee on Fiscal Policy and Tax Reforms has suggested that the share of VAT revenue for states and local governments should be reviewed to 90 per cent, and that of the Federal Government cut down to 10 per cent. In addition, the Committee also recommended that the current rate of 7.5 per cent […]

Nigeria, others spent $1.4trn on debt servicing in 2023 - World Bank
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FG target $750m W’Bank loan, may reintroduce telecom tax

The Federal Government may reintroduce previously suspended telecom tax and other fiscal measures to secure a new $750m loan from the World Bank. This follows the Stakeholder Engagement Plan for Nigeria – Accelerating Resource Mobilisation Reforms programme between Nigeria and the World Bank. this was disclosed in a document posted on the World Bank’s website […]

Nigeria to phase out diesel, embrace hybrid energy — Shettima
News

Shettima cancels US business trip, blames faulty aircraft

The Vice-President, Kashim Shettima has aborted his planned trip to the United States of America to attend the 2024 US-Africa Business Summit in Dallas, Texas. This was disclosed by the Senior Special Assistant to The President on Media & Communications, Stanley Nkwocha in a statement on Monday, noting that the Minister of Foreign Affairs, Ambassador […]

Agribusiness

FG, states urged to introduce digital training for farmers

Professor Adeolu Ayanwale has called on the Federal and State governments to prioritise digital training for farmers to end food insecurity. This was disclosed by Prof. Ayanwale during a training and capacity development workshop organised by the Commonwealth of Learning, Canada, according to The Punch. Ayanwale is a Professor of Agricultural Economics at the Obafemi […]

News

FG mandates banks to deduct stamp duty charges on mortgages

The Federal Government has mandated all Deposit Money Banks to immediately start the deduction of the 0.375 per cent stamp duty charge on all mortgaged-backed loans and bonds. Mortgage-backed loans and bonds are debt securities issued by governments, municipalities, corporations, or other entities to raise capital, while mortgage-backed loans are loans extended by financial institutions […]

News

SERAP threatens to sue FG over Lagos-Calabar Coastal Highway project

The Socio-Economic Rights and Accountability Project has said it will sue the minister for works, David Umahi over the environmental and social impact assessment of the ongoing Lagos-Calabar coastal highway project. This was disclosed by SERAP via its official X handle on Thursday, issuing a freedom of information request against the minister. SERAP requested Umahi […]

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