Monetary

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...

FG Clears N2trn Contractor Debt, Plans 2025 Capital Budget

FG Clears N2trn Contractor Debt, Plans 2025 Capital Budget   The Federal Government has cleared over N2tn in outstanding capital budget obligations from the 2024 fiscal year, with a pledge to prioritise the timely release of 2025 capital funds. The Minister of Finance and Coordinating Minister of...

World Bank Approves $300m to support IDPs in Nigeria

The World Bank says it has approved $300 million to fund a new project aimed at improving access to services and economic opportunities for internally displaced persons (IDPs) and their host communities in northern Nigeria.