Nigeria Seeks Fresh $1.75bn World Bank Loan   The Federal Government plans to increase its borrowing despite a significant 40.5 per cent surge in revenue for the first eight months of 2025. This boost in revenue has largely been driven by substantial gains in non-oil revenue...

Budget Office Explains Delay in Budget Implementation Reports, Sets September Deadline for Release The Budget Office of the Federation has clarified reasons behind the delay in publishing Budget Implementation Reports (BIRs) since the second quarter of 2024, assuring stakeholders of its commitment to transparency, accountability,...

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   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...

NEC Projects $1trn Economy by 2030 with New Road Map   The National Economic Council (NEC) on Thursday unveiled the framework for the Renewed Hope Development Plan (2026–2030) aimed at consolidating Nigeria’s reform agenda and actualising the $1tn economy target of the administration of President Bola...

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...