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…
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…
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…
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…
