N’Assembly to Launch Investigation into N4trn Revenue Shortfall The National Assembly Joint Committee on Finance on Monday set up a special panel to investigate the revenue shortfall totalling N4tn due to indiscriminate waivers granted to agencies of government. The resolution of the Committee, co-chaired by Senator...

Documents Reveal Nigeria Air Project Irregularities – Keyamo Festus Keyamo, the Minister of aviation and aerospace development has exposed documents of agreements on botched Nigeria Air signed by Hadi Sirika, the former minister of aviation. In a viral video, Festus Keyamo exposed some pages of the...

CBN Introduces New Account Options for Non-resident Nigerians The Central Bank of Nigeria (CBN) has launched two innovative account products designed to enhance financial access and investment opportunities for Non-Resident Nigerians (NRNs). Unveiled on Friday, January 10, 2025, the Non-Resident Nigerian Ordinary Account (NRNOA) and Non-Resident...

NBS to Include Illicit Drugs Trade, Others in GDP Metrics The National Bureau of Statistics (NBS) has unveiled plans to incorporate proceeds from illicit activities, including drug trafficking, prostitution, and other illegal ventures, into the calculation of the country’s Gross Domestic Product, GDP. The announcement was...

2025 Budget: Regional Development Commissions to Receive N2.49trn The Federal Government has allocated a total of N2,493,138,248,477 to regional development commissions in the proposed 2025 budget. The Bola Tinubu-led Federal Executive Council (FEC) established the Ministry of Regional Development in October 2024 to oversee all regional...

Fuel Prices may Soar as Crude Oil Nears $80/barrel The prices of refined petroleum products may rise in the coming days following the increase in the cost of Brent, the global benchmark for crude. Crude oil is a major commodity that determines the prices of refined...