According to data from the Central Bank of Nigeria (CBN), this marks the first time since 2021 that the country’s reserves have crossed the $41 billion threshold, signaling renewed stability in external buffers.
The Economic and Financial Crimes Commission (EFCC) has recovered more than N5 billion and $10 million from contractors and government officials implicated in fraudulent activities linked to the turnaround maintenance of Nigeria’s refineries in Port Harcourt, Kaduna, and Warri.
The Federal Account Allocation Committee (FAAC) disbursed over ₦6 trillion to Nigeria’s 36 states and 774 local governments between January and June 2025, according to newly released figures. The allocations reflect significant regional disparities, with oil-producing South-South states and Lagos topping the charts.
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...
Strike Looms as Labour, PenCom Disagree Over Pension Funds
The Nigeria Labour Congress (NLC) has threatened a nationwide strike if the Federal Government fails to return what it claims to be billions of naira taken from workers’ insurance contributions. It also demanded that the government...
