Business

By Obas Esiedesa  The Federal Government has approved N100 billion under the National Public Sector Solarization Initiative (NPSSI) to provide reliable electricity to public institutions across the country. Managing Director of the Rural Electrification Agency (REA), Engr. Abba Aliyu, disclosed this yesterday, during a visit by the Administrator of NJI, Justice Babatunde Adejumo, to the […]

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The Federal Ministry of Finance has clarified that capital projects across Nigeria remain active despite concerns over low cash releases to ministries, departments, and agencies (MDAs). While budget execution rates for some MDAs may appear low, capital project implementation has not been abandoned, the ministry said. The clarification, detailed in a document titled “Deepening Public Understanding of […]

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By Yinka Kolawole,  with agency report Not less than 12 states have enacted the tax harmonisation law considered a crucial  part of the broader tax reform agenda introduced by the administration of President Bola Tinubu. Speaking in Abuja yesterday, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms  and Minister of State for […]

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By Emma Ujah, Abuja Bureau Chief The Federal Government, FG, has commenced implementation of the Oil and Gas Revenues Executive Order 09. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, disclosing this in a statement yesterday said a Technical Committee has been set up to ensure payment of the affected revenues into […]

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By Babajide Komolafe The Governor of  the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso has disclosed that the nation’s Net External Reserves rose 50.5 per cent, year-on-year, to $34.8 billion in 2025 from $23.11 billion in 2024.   In a statement from the apex bank, Cardoso said that the growth in external reserves reflects stronger external […]

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By Peter Egwuatu,  with agency report   The Federal Government has extended its ban on Shea nut exports by a year, reinforcing a drive to curb raw commodity shipments and boost local value addition. The extension takes effect from February 26, 2026, to February 25, 2027. Approving the ban, President Bola Tinubu said that  Nigeria is trying to […]

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