Marine Ministry Sees 160% Revenue Surge, Hits N1.83trn in 2025
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has disclosed that the agencies under the ministry generated a total of N1.83tn in revenue in 2025.
Adegboyega disclosed this on Thursday in Lagos while speaking during...
President Bola Tinubu demonstrated foresight in July 2024, when he approved the use of the naira as the payment currency for crude oil supplied by the NNPC to the Dangote Refinery. Since the launch of the naira-for-crude initiative on October 1, 2024, Nigeria has experienced a strategic breakthrough amid the ongoing economic turmoil resulting from the Iran-Israel-US conflict in the Middle East.
President Bola Tinubu has asked the National Assembly to approve an adjustment to the 2026 Appropriation Bill, proposing a ₦9 trillion increase to raise the total budget from ₦58.4 trillion to ₦67.4 trillion.
The Managing Director of the Nigerian Communications Satellite (NIGCOMSAT), Jane Egerton-Idehen, has announced that President Bola Ahmed Tinubu has approved two additional communication satellites, NIGCOMSAT 2A and 2B, for Nigeria’s space programme.