Monetary

FG Increases Scholarship Grants by 50%, Introduces Special Funds for STEMM, Medical Students

FG Increases Scholarship Grants by 50%, Introduces Special Funds for STEMM, Medical Students The Federal Government has announced a 50 percent increase in scholarship grants across all levels of higher education under a reformed National Scholarship Programme, in line with President Bola Ahmed Tinubu’s Renewed...

Excess Crude Account Stands at $535,823 – AGF

Excess Crude Account Stands at $535,823 - AGF   The Accountant-General of the Federation, Shamseldeen Ogunjimi, on Thursday said Nigeria’s Excess Crude Account stood at $535,823.39 as of August. Ogunjimi disclosed this at the National Economic Council meeting chaired by Vice-President Kashim Shettima. The ECA was created...

FG Justifies Passport Fee Hike to N100,000, N200,000

FG Justifies Passport Fee Hike to N100,000, N200,000   The Federal Government, on Thursday, defended the upward review of Nigerian passport fees to N100,000 and N200,000, saying it was necessary to sustain quality, curb corruption, and ensure timely delivery of travel documents. The Nigeria Immigration Service, in...

FG Secures $238m Loan from Japan to Boost National Power Grid

FG Secures $238m Loan from Japan to Boost National Power Grid The Federal Government has secured a $238 million loan facility from the Japan International Cooperation Agency (JICA) to strengthen Nigeria’s national power grid. The deal was finalized during high-level engagements at the Ninth Tokyo International...

TinCan Customs Generate N16.4bn Revenue in One Day

TinCan Customs Generate N16.4bn Revenue in One Day   The Nigeria Customs Service, Tincan Island Port Command, has achieved a remarkable feat by collecting N16.4bn in revenue on August 19, 2025, through the effective deployment of the Unified Customs Management System, B’Odogwu. This milestone is a...

Report Reveals Only 36% of 15m Households Benefit from Cash Transfer

Report Reveals Only 36% of 15m Households Benefit from Cash Transfer   Since October 2023, only 36 per cent of targeted households have benefited from the conditional cash transfer programme launched by the Federal Government to cushion economic hardship for vulnerable Nigerians. According to the latest mid-year...