President Bola Tinubu has approved the payment of ₦2.8 trillion to power generation companies (GenCos) as the Federal Government’s verified liability for accumulated electricity subsidies dating back to 2010.

PENGASSAN Slams Tinubu's Oil Revenue Executive Order   The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Thursday rejected President Bola Tinubu’s newly signed Executive Order mandating the direct remittance of oil and gas revenues to the Federation Account, describing the directive as...

Tinubu’s Executive Order Could Boost FG, States, LGs Allocation by N15trn   The federal, state, and local governments may receive additional revenue allocations of about N14.57tn following the recent Executive Order signed by President Bola Tinubu, directing that royalty oil, tax oil, profit oil, profit gas,...

Tinubu Signs Executive Order Mandating Direct Remittance of Oil, Gas Revenues to Federation Account President Bola Tinubu has signed a sweeping executive order directing the immediate remittance of oil and gas revenues to the Federation Account, in a move aimed at curbing revenue leakages, eliminating...

Tinubu Seeks Fairer Financial System for African Nations President Bola Tinubu has called for a fairer global financial system, arguing that African countries face disproportionately high borrowing costs due to what he described as persistent misjudgement by dominant international credit rating agencies. Writing in an opinion...

Stock Market Rally Shows Improving Economy, Says Tinubu President Bola Tinubu on Tuesday said the sustained rally at the Nigerian Exchange reflects growing investor confidence and the improving health of the Nigerian economy, as the Federal Government unveiled the National Industrial Policy 2025 in Abuja. The...