FEC Okays $2.99bn for Three Major Rail Projects in Lagos, Kano, Kaduna
The federal executive council (FEC) has approved contracts worth $2.99 billion for three major rail projects in Lagos, Kano, and Kaduna states.
Speaking with State House correspondents after the weekly FEC meeting in Abuja...
NRS Raises Alarm Over Illicit Capital Outflows, Recovers N80bn
The Nigeria Revenue Service (NRS) has stated that it recovered over N80bn from illicit financial flows within a three- to five-year window. It urged private sector operators to strengthen due diligence and help curb capital flight.
The...
Nigeria’s foreign currency-denominated tax receipts rose sharply to ₦6.33 trillion in 2025, reflecting higher contributions from multinational firms and the impact of exchange rate reforms, according to data from the National Bureau of Statistics (NBS).
DisCos Deploy 130,209 Meters Through N49bn Funding Scheme
Not less than 130,209 meters were installed by electricity distribution companies under the Meter Acquisition Fund framework, even as the Federal Government invested N49bn in the MAF between 2024 and 2025.
Reports and documents from the Nigerian Electricity...
FG Pays Out N396.7m Insurance Claims to Farmers
In a move aimed at shielding Nigeria’s fragile food system from climate shocks, the Federal Government, through the Presidential Food Systems Coordinating Unit, has partnered with Leadway Assurance and PULA Advisors to disburse N396.7m in insurance claims...
Tinubu Okays N17bn Developmental Fund for 8,804 Wards
The federal government has approved the establishment of a Community-Based National Social Action Fund Taskforce to drive grassroots development and accelerate socio-economic improvements across Nigeria’s 8,804 wards.
A statement signed by the Assistant Director, Information and Public Relations,...
