By Seun Ibiyemi President Bola Ahmed Tinubu has welcomed the World Bank’s October 2026 Nigeria Development Update, saying its findings indicate that the Federal Government’s economic reforms are strengthening public finances, supporting economic growth and creating room for increased investment in infrastructure and social services. The report, titled Beyond the Federal Purse: How Higher Revenues…
By Seun Ibiyemi The Socio-Economic Rights and Accountability Project (SERAP) has sued the Central Bank of Nigeria (CBN) over alleged failures to account for $6.23m in election-related funds and more than N1.63tn in other public funds flagged in the Auditor-General of the Federation’s 2023 annual report. The organisation is asking the Federal High Court in…
The Debt Management Office (DMO) has raised N968.47 billion through Nigerian Treasury Bills (NTBs), exceeding its N900 billion offer by N68.47 billion as strong investor demand drove the yield on the 364-day instrument to a fresh low of 15.85%. The development came amid sustained demand for longer-dated government securities and aggressive liquidity management by the…
By Seun Ibiyemi President Bola Ahmed Tinubu has congratulated Indian Prime Minister Narendra Modi on completing 25 years in government, describing the milestone as a rare achievement in a democracy and a testament to the confidence of the Indian people. Tinubu conveyed the congratulatory message in a statement issued on Wednesday, October 7, 2026, marking…
By Seun Ibiyemi The Federal Government allotted N7.15 trillion worth of FGN bonds between January and September 2026, representing a 106 per cent increase from the N3.48 trillion allotted during the corresponding period in 2025. An analysis of monthly auction results released by the Debt Management Office (DMO) showed that the sharp increase was driven…
By Seun Ibiyemi The Nigeria Customs Service (NCS), Federal Operations Unit (FOU) Zone ‘A’, Ikeja-Lagos, has appointed Deputy Comptroller Oladapo Olukayode Afeni as its 30th Acting Comptroller. Afeni assumed office on Wednesday, September 30, 2026, following the retirement of Comptroller Gambo Aliyu, who handed over after recording significant enforcement and revenue recovery achievements during his…
By David Oluwatosin President Bola Ahmed Tinubu has signed into law the Appropriation (Amendment) (No. 4) Bill, 2025, extending the implementation period of the 2025 Appropriation Act from September 30, 2026, to December 31, 2026. The extension, announced by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, on Wednesday, followed the…
…Calls for reforms in power, security, logistics, agriculture, skills, industrial competitiveness By Seun Ibiyemi As Nigeria marks its 66th Independence anniversary, the Centre for the Promotion of Private Enterprise (CPPE) has called on the Federal Government and other tiers of government to shift the focus of economic policy from macroeconomic stabilisation to productivity, job creation…
…warns against abandoned projects By David Oluwatosin The Senate has extended the implementation period for the capital component of the 2025 Appropriations Act from September 30 to December 31, 2026, giving Ministries, Departments and Agencies (MDAs) an additional three months to complete eligible projects. The extension was approved on Tuesday following the passage of the…
…pledges tougher revenue integrity, faster cargo clearance …Apapa recorded N323bn monthly collection in July, N28.1bn single-day haul in August By Seun Ibiyemi The Apapa Area Command of the Nigeria Customs Service (NCS) has welcomed Comptroller Murtala Mu’azu as its 33rd Customs Area Controller (CAC), with the new Controller pledging to sustain the Command’s revenue growth,…
