Reps Approve $516m Loan for Sokoto–Badagry Highway
By Sofiat Adenekan-Abdul Nigeria’s House of Representatives has approved President Bola Tinubu’s request to secure a $516 million syndicated loan to fund key sections of the ambitious Sokoto–Badagry Superhighway. The approval followed the presentation of a report by the Deputy Chairman of the House Committee on Aids, Loans and Debt Management, Abdullahi Rasheed, during plenary. […]
Tinubu Seeks Senate Approval of $516m Badagry-Sokoto Project
By Anayo Akwitti President Bola Tinubu has requested the National Assembly to approve the sum of over five hundred and sixteen million dollars for the construction of the Sokoto–Badagry Superhighway Project. The President’s request was read during plenary on Thursday by the President of the Senate, Godswill Akpabio. In the letter, Tinubu stated clearly that […]
Tax Ombudsman Pushes Fairness in Nigeria’s Tax System
By Oluwakemi Kindness Nigeria’s Tax Ombudsman, John Nwabueze, has called for a shift in the country’s tax culture, advocating for one built on trust and understanding rather than fear or coercion. He stated this at the 159th meeting of the Joint Revenue Board in Lagos, where he stated that improving tax compliance depends on strengthening […]
Finance Minister Oyedele Vows to Sustain Economic Reforms
By Oluwakemi Kindness Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has assured investors that the Federal Government will not reverse ongoing economic reforms. Speaking in Lagos at the launch of the Nigerian Economic Summit Group Private Sector Outlook 2026, Oyedele stressed that policy consistency is now a top priority, “We […]
FG, States, LGs Share N2.036tn March Revenue
By Oluwakemi Kindness The Federal Government, state governments, and local government councils have shared a total of N2.036 trillion as Federation Account Allocation Committee (FAAC) revenue for March 2026. The distribution followed the April FAAC meeting held in Abuja, according to a communiqué issued by Bawa Mokwa, Director of Press at the Office of the […]
CBN Raises Alarm Over Digital Scams Targeting Nigerians
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) has raised the alarm over the circulation of fraudulent messages, emails, and online communications falsely claiming to originate from or be associated with the Bank, warning that the activities are aimed at misleading the public and compromising personal security. The Bank said the fake messages often […]
WATAF Pushes Digital VAT Reform Across Region
By Oluwakemi Kindness The West African Tax Administration Forum (WATAF) has called for urgent digital reform of Value Added Tax (VAT) systems across West Africa, warning that inefficiencies are undermining revenue collection and slowing economic growth. The call was made at a regional forum held on April 21, 2026, in Abidjan, organised by the African […]
RMRDC Flags Raw Exports as Threat to Nigeria’s Industrial Growth
By: Julian Osamoto The Director-General and Chief Executive Officer of the Raw Materials Research and Development Council (RMRDC), Professor Nnanyelugo Ike-Muonso, says Nigeria must stop exporting raw materials in crude form if it is to achieve real industrial growth and economic diversification. He made the statement at a media engagement held on Tuesday, at the […]
Cardoso Says Nigeria’s Economic Reforms On Track After IMF
By Oluwakemi Kindness Governor of the Central Bank of Nigeria, Olayemi Cardoso, says the country’s economy remains firmly on track following the 2026 Spring Meetings of the IMF and World Bank Spring Meetings in Washington. Cardoso, in a message on the bank’s official X handle on Monday, says the CBN is focused on building on […]
FG Rejects World Bank Hidden Spending Claims
By Oluwakemi Kindness The Federal Government has rejected claims of hidden spending and diversion of federation revenue, saying recent reports misinterpret the World Bank’s Nigeria Development Update. Minister of State for Finance, Taiwo Oyedele, said suggestions that funds are being “diverted” reflect a misunderstanding of Nigeria’s fiscal system. “These interpretations misrepresent the World Bank’s analysis […]