The Organization of the Petroleum Exporting Countries and its allies (OPEC+) has approved another 188,000 barrels per day (bpd) increase in oil production quotas for August 2026, continuing its phased plan to gradually restore crude supplies.Â
The Federal Government has rejected reports that it spent more than ₦8 trillion outside the 2026 approved budget, describing the claims as inaccurate and a misinterpretation of the IMF’s 2026 Article IV Consultation Report.
The Special Investigator appointed by President Bola Ahmed Tinubu to probe the activities of the Central Bank of Nigeria (CBN), Jim Obazee, on Friday told the High Court of the Federal Capital Territory that former President Muhammadu Buhari and former Secretary to the Government of the Federation (SGF), Boss Mustapha, should also have been investigated and prosecuted over the controversial release of $6.2 million from the Federal Government's foreign exchange account domiciled at the CBN.
FG Stops Unverified Constituency Project Payments from MDAs
The Federal Government has directed all Ministries, Departments and Agencies to immediately stop processing payments for constituency and zonal intervention projects unless they obtain a Certificate of Verification and Compliance from the Federal Ministry of Special Duties...
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has submitted its recommendations for the review of salaries and allowances of political and public office holders to President Bola Tinubu for consideration.
Climate advocate, Rahimat Salihu, has launched a grassroots climate action and recycling campaign in schools across the Federal Capital Territory (FCT), Abuja.