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…
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…
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…
The Federal Government of Nigeria has launched a new Electronic Fiscal System (EFS) to modernize tax administration and combat tax evasion. The system, which includes an e-invoicing solution known as the Merchant-Buyer System (MBS), is designed to provide the Federal Inland Revenue Service (FIRS) with real-time visibility into business transactions. The rollout of the e-fiscal…
The Nigerian Education Loan Fund (NELFUND) has announced a significant milestone in its mission to provide financial assistance to students in higher education. The fund has disbursed a total of ₦86.3 billion in student loans, benefiting a staggering 450,000 students across the country. This development marks a crucial step in the implementation of the student…
Nigerian states have been hit with a significant increase in the cost of servicing their foreign debts, with payments surging by 68% in the first half of 2025 compared to the same period in 2024. This alarming figure, based on data from the Debt Management Office (DMO) and the National Bureau of Statistics (NBS), highlights…
Recent comments by former Jigawa State governor, Sule Lamido, have sparked a conversation within the political sphere regarding the future of the Peoples Democratic Party (PDP) and its prospects for the 2027 presidential election. Lamido, a prominent figure and founding member of the PDP, has reportedly thrown his support behind former President Goodluck Jonathan, describing…
The Corporate Affairs Commission (CAC) has acknowledged the difficulties its customers are facing with stamp duty payments on its portal and has provided an update on the situation. In a recent statement, the CAC explained that the payment issues are a result of a technical incompatibility between its newly upgraded and more advanced portal and…
The Enugu State Internal Revenue Service (ESIRS) has strongly refuted claims that rising house rents in the state are a direct result of government taxation policies. In a recent press briefing, the Chairman of the ESIRS, Emmanuel Nnamani, stated that the issue is a nationwide problem driven by the fundamental economic principles of supply…
