The Federation Account Allocation Committee (FAAC) has approved the transfer of ₦11.5bn from the 0.5% Stabilisation Fund to finance its sub-committees working on the 2026 national budget framework.

Nigeria spent ₦27.2tn servicing public debt between 2024 and 2025, exceeding capital expenditure by ₦3.9tn, according to a media brief from the Federal Ministry of Finance.

Saudi Arabia has officially opened the booking phase for domestic pilgrims seeking to perform Hajj this year, with authorities introducing strict payment deadlines and updated cancellation policies to streamline the process.

President has announced the successful resolution of the long-standing dispute over Oil Prospecting Licence 245 (OPL 245), describing the development as a major milestone that will unlock significant deepwater investment in Nigeria’s oil and gas sector.

Nigeria’s foreign reserves have surpassed $50bn for the first time in 13 years, a milestone the Federal Government says reflects the early gains of President Bola Tinubu’s economic reforms.

The projected N900 billion tax contribution by the Dangote Group in 2025 has generated excitement within federal circles not merely because of the size of the figure, but because of what it represents: a structural shift in Nigeria’s fiscal culture. When a conglomerate founded by Aliko Dangote contributes close to a trillion naira in taxes in a single year, it signals that something deeper is happening beneath the surface of Nigeria’s public finance architecture.