2026 BUDGET IS STRATEGIC TOOL TO DEEPEN TINUBU REFORMS – FG
As Nigeria enters a pivotal fiscal year, the Federal Government has reassured citizens that the 2026 National Budget is specifically engineered to “lock in” the economic progress achieved through recent difficult but necessary reforms. Titled the “Budget of Consolidation, Renewed Resilience, and Shared Prosperity,” the ₦58.18 trillion proposal presented by President Bola Ahmed Tinubu serves…
PROTESTING FCT WORKERS EMBARKED ON AN INDEFINITE STRIKE, SHUT OFFICES AND DEMAND TO MEET WIKE
Operations at the Federal Capital Territory Administration (FCTA) and the Federal Capital Development Authority (FCDA) were brought to a standstill on Monday, January 19, 2026, as workers embarked on an indefinite strike. Under the umbrella of the Joint Union Action Congress (JUAC), the protesters shut down the main secretariat gates in Area 11, Garki, demanding a direct audience…
Moshood Abiola National Stadium upgrade to gulp N24bn from NSC’s N203bn budget
In a significant move to restore Nigeria’s sporting pride, the National Sports Commission (NSC) has earmarked ₦24.6 billion for the comprehensive upgrade of the Moshood Abiola National Stadium in Abuja. This allocation is a key component of the NSC’s ambitious ₦203.6 billion budget for the 2026 fiscal year—a historic 300% increase from the previous year’s…
NASS Mourns as Nasarawa North Senator, Godiya Akwashiki, Dies at 52
1st January, 2026 The National Assembly has been thrown into mourning following the death of Senator Godiya Akwashiki, who represented Nasarawa North Senatorial District. He died on Wednesday 31st December, 2025 in India after a protracted illness. He was aged 52. Senator Akwashiki reportedly died after a brief illness, according to sources close to the…
Tinubu Approves N4 Trillion Bond to Stabilise Nigeria’s Power Sector
President Bola Ahmed Tinubu has approved a ₦4 trillion bond aimed at stabilising Nigeria’s struggling power sector, marking a significant step toward resolving long-standing financial and operational challenges in electricity supply. The bond is designed to address legacy debts owed to power generation companies (GenCos), gas suppliers, and other key players across the electricity value…
Nigeria’s Current Account Surplus Drops 41% in Q3 2025 Despite Oil Export Surge
January 1, 2026 Nigeria’s external balance position remained in positive territory during the third quarter of 2025, though the margin narrowed significantly. According to the latest Balance of Payments (BoP) report from the Central Bank of Nigeria (CBN), the nation’s current account surplus fell to $3.42 billion in Q3 2025—a sharp 41.14% decline from the…
Community Repels Attack: Mob Kills Two Suspected Robbers in Bauchi
BAUCHI — A wave of community resolve was demonstrated late yesterday in a Bauchi neighborhood when residents successfully repelled a robbery attempt, resulting in the death of two suspected criminals. The incident unfolded in the early hours of the morning when a group of suspected armed robbers attempted to raid homes in the area. Alerted…
FG, States, LGs Share N2.09trn October Revenue: A Closer Look at FAAC Distribution
The Federation Account Allocation Committee (FAAC) has disbursed a total of N2.09 trillion to the Federal Government (FG), State Governments, and Local Government Councils (LGCs) as statutory allocation, Value Added Tax (VAT), and Electronic Money Transfer Levy (EMTL) shared for the month of October. This massive figure highlights the continued robust, albeit variable, performance of…
DMO Announces ₦460 Billion Reopened FGN Bond Offer to Boost Budget Funding The Debt Management Office (DMO) of Nigeria has announced a major offering of Federal Government of Nigeria (FGN) Bonds, setting a target of ₦460 billion to be raised through the reopening of several benchmark instruments. This auction is a key component of the…
Senate Mourns: Enugu North Senator Okey Ezea Dies at 62
The Senate and the political class in Nigeria have been thrown into mourning following the passing of Senator Okey Ezea (Labour Party, LP), who represented the Enugu North Senatorial District. Senator Ezea died at the age of 62 on Tuesday night, November 18, in a private hospital in Lagos after a brief illness. The news…
