CBN Concludes Bank Recapitalisation, Sector Raises ₦4.65tn
By Oluwakemi Kindness The Central Bank of Nigeria CBN has announced the successful conclusion of its banking sector recapitalisation programme, with Nigerian banks raising a total of ₦4.65 trillion in new capital. The exercise, which began in March 2024, is aimed at strengthening the financial system and boosting banks’ capacity to support economic growth. Strong […]
2026 Budget: NPA Targets N1.489trn Revenue
By Oluwakemi Kindness The Nigerian Ports Authority (NPA) has proposed a N1.489 trillion revenue target for the 2026 fiscal year. This represents an increase of N21 billion above the N1.468 trillion target set for 2025. Managing Director of the NPA, Dr. Abubakar Dantsoho, disclosed this while presenting the agency’s 2026 budget proposal before the House […]
FCT-IRS Extends Individual Tax Return Deadline to April 30
By Oluwakemi Kindness The Federal Capital Territory Internal Revenue Service (FCT-IRS) has extended the deadline for filing individual annual income tax returns by one month. The new deadline is now April 30, 2026, instead of the statutory March 31. Acting Executive Chairman of the FCT-IRS, Michael Ango, said the extension is to give taxpayers more […]
Reps Panel Slams Polytechnics’ Rectors Over Budget Defence Absence
By: Oluwakemi Kindness The House of Representatives Committee on Polytechnics and Other Higher Technical Education has criticised the low turnout of Rectors at the ongoing 2026 budget defence, warning that the trend signals deeper accountability challenges within Nigeria’s technical education system. Chairman of the Committee, Fuad Laguda, expressed disappointment after 10 of the 14 invited […]
NAICOM, BPP Strengthen Collaboration to Enhance Regulatory Coordination
By Oluwakemi Kindness The National Insurance Commission (NAICOM) and the Bureau of Public Procurement (BPP) have moved to strengthen inter-agency collaboration as part of efforts to improve regulatory coordination across the public sector. The initiative formed the focus of a working visit by the Commissioner for Insurance and Chief Executive Officer of NAICOM, Olusegun Omosehin, […]
NLC Rejects APGC’s Six Trillion Naira Demand
By Chinedu Echianu The Nigeria Labour Congress (NLC) has strongly rejected the claims by the Association of Power Generation Companies (APGC) following their February 17, 2026 statement, describing the group’s demand for N6 trillion as a “clandestine heist” targeting public funds. In a press release issued on Thursday, NLC President Joe Ajaero criticizes APGC […]
Customs Service AEO Programme Generates ₦1.585trn Revenue
By Oluwakemi Kindness The Nigeria Customs Service (NCS) has announced a major revenue milestone under its Authorised Economic Operator (AEO) Programme, recording ₦1.585 trillion in revenue from certified operators. Customs spokesperson Abdullahi Maiwada who disclosed in a statement on Thursday says the figure represents an increase of ₦362.79 billion (29.68%) for the 51 certified operators […]
Cardoso Tasks Central Banks, DFIs on Driving Africa’s Growth
By Oluwakemi Kindness Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has called for stronger collaboration among African central banks and development finance institutions to accelerate the continent’s economic growth, industrialisation, and climate resilience. Cardoso delivered the charge at the Egypt 30by30 Programme hosted by the Central Bank of Egypt in partnership with […]
UK Introduces Digital eVisa System, Ends Passport Stickers
By Aremu Toyeebaht The British High Commission has announced a major shift to a fully digital visa system for Nigerians travelling to the United Kingdom, with electronic visas set to replace physical passport stickers from February 25, 2026. Senior Communications Officer at the Commission, Onyinye Madu, disclosed the change in a statement issued Monday in […]
PAC Gives Finance Authorities October 2026 Deadline on Unaudited Accounts
By Oluwakemi Kindness The Accountant-General of the Federation and the Auditor-General of the Federation, have been ordered to submit all outstanding consolidated financial statements and audited accounts of the Federal Government for the 2023, 2024 and 2025 fiscal years by October 2026. The House of Representative’s Public Accounts Committee (PAC) which issued the firm directive […]