FG Approves Upgrade of Four Ports Outside Lagos
By Oluwakemi Kindness The Federal Government has approved the modernisation of four major ports in the South, expanding its ongoing port upgrade programme beyond Lagos. The ports are Onne, Rivers, Delta and Calabar, which the government says will provide additional gateways for international trade and help reduce the concentration of cargo traffic around Lagos. The […]
FG Cuts Late Tax Payment Interest Rate
By Oluwakemi Kindness The Federal Government has reduced the interest charged on late payment of taxes in naira from five percentage points above the Central Bank of Nigeria’s Monetary Policy Rate to one percentage point. The new rate takes effect from October 1, 2026, according to a statement on Thursday by the ministry. The Minister […]
CBN Cuts Interest Rate to 23% From 26.5%
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) has lowered its benchmark interest rate to 23 per cent, signalling a fresh adjustment to its monetary policy framework. CBN Governor, Olayemi Cardoso, announced the decision on Tuesday after the Monetary Policy Committee (MPC) concluded its 307th meeting in Abuja. The reduction brings the Monetary Policy […]
CSEA Urges Nigeria, Korea to Deepen Economic Cooperation
By Julian Osamoto A non-profit Think Tank Centre for the Study of the Economics of Africa, CSEA, has urged Nigeria and South Korea to turn their longstanding relationship into practical economic cooperation that delivers investment, technology transfer and industrial development. CSEA Executive Director, Dr Chukwuka Onyekwena, made the call in Abuja at the Nigeria Economic […]
NPERA, NPA Move to Prevent Clash Over Inland Dry Ports
By Oluwakemi Kindness Nigerian Ports Authority, NPA, and the Nigerian Ports Economic Regulatory Agency, NPERA, are working to prevent jurisdictional clashes and disruption to cargo movement as regulatory responsibility for Inland Dry Ports shifts under a new maritime sector framework. The move follows a September 3, 2026 directive by the Minister of Marine and Blue […]
NILDS Strengthens Ugandan Lawmakers’ Capacity on Public Finance Oversight
By Sofiat Adenekan-Abdul The National Institute for Legislative and Democratic Studies, NILDS, is strengthening the capacity of Ugandan lawmakers to scrutinise public borrowing, debt management and government expenditure as part of efforts to improve parliamentary oversight. The Institute is hosting members of Uganda’s Parliament Committee on National Economy for a five-day training and induction workshop […]
Kalu Urges WTO to End 13-Year Food Security Deadlock
By Oluwakemi Kindness Deputy Speaker of the House of Representatives, Benjamin Kalu, has urged the World Trade Organization (WTO) to resolve the 13-year deadlock over public stockholding for food security. Kalu proposed an interim waiver under Article IX:3 of the Marrakesh Agreement to cover qualifying public stockholding programmes. He made the proposal on Friday in […]
CBN, Finance Ministry to Coordinate Cash, Debt, Liquidity
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) and the Federal Ministry of Finance have agreed to strengthen coordination on government cash management, debt issuance planning and liquidity forecasting. CBN Governor, Olayemi Cardoso, disclosed this on Friday at the signing of a Memorandum of Understanding on Fiscal-Monetary Policy Coordination between the two institutions. Cardoso […]
FG, States, LGAs Share N2.338tn August Revenue
By Zainab Bakare The three tiers of government have shared N2.338 trillion naira as distributable revenue from the Federation Account for August 2026. This is contained in a communique issued by the Office of the Accountant-General of the Federation after the September meeting of the Federation Account Allocation Committee (FAAC) in Abuja. Of the total […]
AUC, ATAF Move to Close Tax Leakages, Boost Domestic Revenue
By Oluwakemi Kindness The African Union Commission (AUC) and the African Tax Administration Forum (ATAF) are stepping up efforts to help African countries plug tax leakages, improve compliance and raise more domestic revenue. The two institutions reached the commitment during a meeting between an ATAF delegation led by Council Chair Dr Johnston Makhubu and AUC […]