FG Queries NAICOM Over N500m Recapitalisation Fee Demand
By Mardiyyah Abubakar The Federal Government has queried the National Insurance Commission (NAICOM) over disputed fees and escrow demands linked to the ongoing recapitalisation of NICON Insurance Limited and Nigeria Reinsurance Corporation. The Ministry of Finance directed NAICOM to provide a detailed response and legal justification for the disputed charges. The query follows a petition […]
FG Debunks N80tn Tinubu Debt Claims
By Anayo Akwitti The Federal Government of Nigeria has declared on Monday that the Nation’s debt profile is exaggerated as monies borrowed under President Bola Tinubu within the last three years, are no where near the N80trillion being bandied by public commentators and erroneously reported by journalists . Minister of Finance and Coordinating Minister for […]
FG, NASS Move to Bridge Budget, Development Gap
By Oluwakemi Kindness The Federal Government and the National Assembly have reaffirmed their commitment to closing the gap between Nigeria’s budgeting process and national development plans, in a bid to drive sustainable economic growth. Speaking on Wednesday at the day 2 of the National Policy Dialogue in Abuja, the Minister of Budget and Economic Planning, […]
Lawmakers Query ₦470m Foreign Travel Spending Despite Presidential Ban
By Oluwakemi Kindness Lawmakers in the House of Representatives have queried the Nigerian Bulk Electricity Trading (NBET) Plc over ₦470 million spe9nt on foreign travel and training in 2025, despite a presidential directive restricting overseas trips by government officials. The issue was raised on Thursday during the 2025 budget performance review of NBET by the […]
I Resigned as Finance Minister to Protect the Office – Kemi Adeosun
By Oluwakemi Kindness Former Minister of Finance, Kemi Adeosun, says her resignation from the cabinet of late President Muhammadu Buhari in September 2018 was a principled decision taken to protect the Office of the Minister of Finance and safeguard her personal integrity. Adeosun made the clarification on Friday while speaking on a Natuonal Television, where […]
CBN Slashes Cash Withdrawal Limits in Push Toward Digital Economy
By Oluwakemi Kindenss The Central Bank of Nigeria (CBN) has announced major changes to cash withdrawals, reducing weekly limits for individuals to N500,000 and for companies to N5 million starting January 1, 2026. In a circular issued on Tuesday December 2nd, 2025 and signed by the director of financial policy and regulation Dr Rita Sike […]
FG Reaffirms Crude-for-Naira Policy, Assures Steady Fuel Supply
By Oluwakemi Kindness The Federal Government has restated its commitment to the crude-for-naira initiative, assuring Nigerians that there will be no disruption in the supply of refined petroleum products across the country. This is according to a statement issued on Sunday by the Director of Information and Public Relations at the Federal Ministry of Finance, […]
No Immediate Plan to Implement 5% Petroleum Tax- Wale Edun
By Aremu Toyeebaht Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has assured Nigerians that there are no immediate plans to implement the proposed five per cent tax on petroleum products. Speaking in Abuja on Tuesday, Edun explained that while the levy is part of a new tax administration framework scheduled […]
FIRS Certifies eTranzact for Nationwide E-Invoicing Rollout
By Oluwakemi Kindness The Federal Inland Revenue Service (FIRS), has certified eTranzact Firm as a provider for its nationwide e-invoicing rollout. FIRS emphasized that the move is expanding on earlier collaborations to automate tax processes. In a statement on Thursday, FIRS Head of Corporate Communications, Adeyemi Opene, says the move will strengthen the agency’s push […]
Nigeria, Brazil Central Banks Deepen Fintech, Remittance Ties
By Oluwakemi Kindness Nigeria and Brazil are charting a new path in economic cooperation, as the Central Bank of Nigeria (CBN) and the Banco Central do Brasil have agreed to deepen collaboration in fintech, remittances, and financial inclusion. The agreement followed high-level talks between CBN Governor, Olayemi Cardoso, and his Brazilian counterpart, Gabriel Muricca […]