By Seun Ibiyemi The Federal Government through the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has ruled out any plan to reintroduce fuel subsidy despite rising petrol prices triggered by the ongoing Middle East conflict. Edun made this position known on Tuesday during a media briefing of the Intergovernmental Group of…
By Seun Ibiyemi The Nigeria Revenue Service (NRS) has recorded a significant boost in revenue collection, with total collections rising from ₦6.8 trillion five years ago to ₦28.7 trillion in 2025, reflecting the impact of sweeping tax reforms and institutional restructuring. Executive Chairman of the NRS, Zacch Adedeji, disclosed this on Tuesday during the commissioning…
By Seun Ibiyemi The Nigerian naira recorded a mixed performance on Tuesday, reflecting continued volatility in the foreign exchange market amid ongoing efforts to stabilise the currency. At the official window, data from the Central Bank of Nigeria indicated that the naira traded within a relatively stable range against the United States dollar, supported by…
By Seun Ibiyemi The Nigerian equities market closed on a positive note on Tuesday, with investors gaining ₦884 billion amid renewed buying interest in key stocks. Market capitalisation on the Nigerian Exchange Group rose by 0.67 per cent, increasing from ₦131.608 trillion to ₦132.492 trillion. Similarly, the All-Share Index advanced by 1,372.52 points, or 0.67…
By Seun Ibiyemi The International Monetary Fund (IMF) has revised Nigeria’s economic growth forecast for 2026 downward by 0.3 percentage points, lowering it from 4.4 per cent to 4.1 per cent, citing mounting global uncertainties and domestic economic pressures. The revised outlook was disclosed during a media briefing for the launch of the IMF’s April…
By Seun Ibiyemi Vice President Kashim Shettima has assured the families of military and police officers killed in a recent attack in Shanga Local Government Area of Kebbi State of the Federal Government’s continued support and commitment to their welfare. Shettima gave the assurance on Tuesday while leading a Federal Government delegation on a condolence…
By Seun Ibiyemi President Bola Tinubu has said that Nigeria’s colonial-era tax laws impoverished citizens through fragmentation and inconsistencies, assuring that ongoing fiscal reforms are designed to deliver greater prosperity, inclusivity, and economic competitiveness. Tinubu made the remarks on Tuesday in Abuja during the commissioning of the 16-storey headquarters of the Nigeria Revenue Service (NRS),…
By Seun Ibiyemi The Ogun State Police Command has warned residents against unlawful assembly and violent protests, declaring that such actions will be met with the full force of the law as part of ongoing security operations in Sagamu. This was disclosed during a press briefing delivered by the Police Public Relations Officer, DSP Oluseyi…
Governor Lucky Aiyedatiwa has reaffirmed his administration’s commitment to tackling insecurity in Imafon, Igushin, and Ilado communities in Akure North Local Government Area following recent deadly attacks. The governor made the pledge during a condolence visit to the palace of the Olumafon of Imafon, Samuel Adegbehingbe Aliu, after violent incidents that left a poultry farmer…
Two men have been arraigned before a Badagry Chief Magistrates’ Court in Lagos State for allegedly stealing an iPhone valued at ₦250,000. The defendants, Awoyemi Fawaz and Ibukun Akode, are facing charges bordering on conspiracy and stealing. They were brought before the court on Tuesday and pleaded not guilty to the charges. According to the…
