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Revenue Shortfalls & Rising Debt

21.12.2025
Nigeria is heading toward a difficult 2026 as widening revenue shortfalls, rising public debt, new taxes and delayed capital spending threaten to deepen economic strain, economists have said, following confirmation by Finance Minister Wale Edun that government revenues are far below target. Edun told lawmakers this week that federal revenues for 2025 are now projected...
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Foundation gives food relief to 2,000 Ogun families

21.12.2025
The Oba Otudeko Foundation has launched a statewide food relief initiative to support 2,000 vulnerable families across the four geopolitical zones of Ogun State. According to a statement, the foundation delivered the first phase of the programme in Odogbolu, where over 500 elderly and at-risk residents received essential food items. The Odogbolu outreach marks the...
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FG Urged to Expand Grazing Reserves Nationwide in Nigeria

21.12.2025
Livestock and agriculture stakeholders have called on the Federal Government to fast-track the phased development of grazing reserves beyond the three pilot locations to at least one reserve in each of the six geopolitical zones. They welcomed the initiative as a step in the right direction. The call followed the Federal Government’s commencement of a...
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Nigerian Petroleum Regulators Pledge Reforms to Boost Invest

21.12.2025
President Bola Tinubu’s nominees for the leadership of Nigeria’s petroleum regulators on Thursday pledged sweeping reforms aimed at plugging value leakages, restoring discipline across the sector and unlocking fresh investments under the Petroleum Industry Act. The nominee for the Nigerian Upstream Petroleum Regulatory Commission, Oritsemeyiwa Eyesan, and her counterpart at the Nigerian Midstream and Downstream...
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149 Firms Retain Tax Holidays Under New Nigerian Law

21.12.2025
A total of 149 companies currently enjoying pioneer status incentives will retain their tax holidays for at least two more years, despite Nigeria’s transition to a new tax regime scheduled to take effect from January 2026, the Federal Government has said. The Nigerian Investment Promotion Commission disclosed this on Thursday during a media parley in...
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Nigeria Secures $1.08bn in Foreign Loans in 2024

21.12.2025
The Federal Government secured a total of $1.08bn in foreign loans in 2024, largely from multilateral, bilateral, and commercial sources, as it sought to finance budget deficits and priority development projects amid weak revenue performance and rising debt service pressures. Details contained in the 2026–2028 Medium Term Expenditure Framework and Fiscal Strategy Paper released by...
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Lagos targets $250bn from waste-to-wealth projects

20.12.2025
The Lagos State Government and other key stakeholders have intensified their commitment to environmental initiatives, aiming to tap into Nigeria’s $250bn green economy potential. During the 6th Lagos Waste Forum held in Lagos, leaders from the public and private sectors converged to discuss strategies for transforming waste into a driver of economic resilience. According to...
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FG Inaugurates Core Working Group on Regional Development

20.12.2025
The Federal Government has inaugurated the Core Working Group on Regional Development in Nigeria, a key step in operationalising President Bola Tinubu’s Renewed Hope Agenda. The CWG is tasked with driving coordinated and harmonised implementation of regional development initiatives across the federation. Its primary mandate includes providing technical leadership, strategic alignment, and operational oversight for...
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FG Suspends Sachet Alcohol Ban in Nigeria Pending Review

20.12.2025
The Office of the Secretary to the Government of the Federation has directed that all enforcement actions relating to the proposed ban on sachet alcohol products be suspended until further notice. The directive follows an official correspondence from the House of Representatives Committee on Food and Drugs Administration and Control concerning the planned enforcement of...
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World Bank to Approve $500m Loan for Nigeria MSMEs

20.12.2025
The World Bank is set to approve a $500m loan to Nigeria on Friday (today) as part of efforts to expand access to finance for micro, small and medium enterprises across the country. The proposed facility, titled the Fostering Inclusive Finance for MSMEs in Nigeria (FINCLUDE) Project, aims to mobilise private capital and promote innovative...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024
Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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