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 […]
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 […]
CBN Introduces Nigerian Overnight Financing Rate
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) has announced the introduction of the Nigerian Overnight Financing Rate (NOFR). The NOFR, in collaboration with the Financial Markets Dealers Association (FMDA), is a standardized benchmark aimed at enhancing transparency, strengthening monetary policy transmission, and deepening Nigeria’s money market.The Central Bank of Nigeria (CBN) has announced […]
Edun Urges More Funding for Developing Economies Facing Global Squeeze
By Oluwakemi Kindness The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has called for expanded access to affordable financing for developing countries, stressing that global support must match the scale of current economic challenges. Edun made the call at the Intergovernmental Group of Twenty-Four (G24) news conference, held on the sidelines […]
VP Shettima, Akabueze Slams Budget Process Over unclear Laws
By Oluwakemi Kindness The Vice President, Kashim Shettima, and former Director-General of the Budget Office, Ben Akabueze, have called for urgent reforms to Nigeria’s budgeting system, warning that weak structures and poor implementation are undermining national development. They spoke at a two-day National Policy Dialogue organised by the National Assembly Joint Committee on National Planning […]
NSIA Targets 2026 Rollout of Health, Data, Energy Projects
By Oluwakemi Kindness The Nigeria Sovereign Investment Authority (NSIA) has outlined key projects scheduled for delivery in 2026 across healthcare, digital infrastructure and renewable energy, even as it recorded a ₦322.4 billion unrealized foreign exchange loss in 2025. Details from the Authority’s 2025 financial report show that several major initiatives are expected to come onstream […]
SMEDAN Brokers ₦12bn Loans for Small Businesses, Targets 250,000 Businesses
By Oluwakemi Kindness The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) says it is brokering ₦12 billion in single-digit loans for small businesses. This is as it targets the formalisation of 250,000 enterprises in 2026. The Director-General of SMEDAN, Charles Odii, disclosed this on Wednesday during the agency’s 2025 annual engagement, noting that […]
Federal Government Urged to Extend 15% Fuel Import Duty Timeline
By Oluwakemi Kindness| As Nigeria moves to implement a 15% import duty on petrol and diesel by November 21, energy analyst Olatide, Jeremiah, CEO of PetroleumPrice.ng, has called on the Federal Government to slow down and ease the burden on citizens. Jeremiah warned that rushing the policy could worsen inflation and push the pump price […]