The Federal Inland Revenue Service has entered a new phase of international collaboration after signing a strategic cooperation agreement with the French government to modernise Nigeria’s tax administration and strengthen …
GOVERNMENT
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- EconomyGOVERNMENTInfrastructureNational AssemblyPoliticsPublic Finance
Tinubu Sets Up High-Level Committee to Tackle Backlog of Unpaid Federal Contractors
President Bola Ahmed Tinubu has expressed strong displeasure over the growing backlog of unpaid federal contractors and has set up a high-level committee to resolve funding delays and clear outstanding …
- BusinessGOVERNMENTInfrastructureManufacturingPower & Energy,Renewable Energy
NDPHC Restores 450MW to National Grid After Geregu Plant Maintenance
The Niger Delta Power Holding Company has successfully restored an additional 450 megawatts (MW) of electricity to the national grid following the completion of scheduled maintenance at the Geregu National …
- BusinessEconomyEnergyGOVERNMENTINVESTMENTOil & GasPolicies
FG Cuts Oil Block Signature Bonus to $3m–$7m
The Federal Government of Nigeria has reduced the signature bonus required for participation in the 2025 oil block licensing round, in a major move aimed at attracting more investors into …
- FinanceGOVERNMENTLabourNigeriaPensionPublic Policy
PTAD Says It Has Paid Over N1tn in Pensions to Federal Retirees Since 2015
The Pension Transitional Arrangement Directorate has disclosed that it has paid more than N1tn in monthly pensions to Federal Government retirees under the Defined Benefit Scheme since it took over …
- Community DevelopmentEnergyGOVERNMENTNigeriaOil & GasPublic Policy
PIND and Ford Foundation End Bridges Project
The Foundation for Partnership Initiatives in the Niger Delta (PIND) and the Ford Foundation have formally concluded the Bridges Project with a high-level stakeholders’ dialogue aimed at improving how Host …
- Economic DevelopmentGOVERNMENTInfrastructureInternationalLagos NewsPartnershipsTransportation
Deutsche Bank Shows Interest in Funding Carter Bridge Replacement
Global financial institution Deutsche Bank has indicated strong interest in financing major rehabilitation and replacement works on two of Lagos’ most important bridges — the Carter Bridge and the Third …
- BankingBusinessDebt Management,EconomyFinanceGOVERNMENT
AMCON Says It Has Repaid N3.6tn to CBN, Plans Workforce Cut as Debt Recovery Intensifies
The Asset Management Corporation of Nigeria has revealed that it has repaid about N3.6tn to the Central Bank of Nigeria since it was created in 2010 to stabilise the financial …
- EconomyFinanceGOVERNMENTNational AssemblyNational BudgetNigeriaOil & GasPublic Policy
FG Projects N50.74tn Revenue for 2026 as Rising Deficit Sparks Fresh Economic Warnings
The Federal Government has projected a total revenue of N50.74 trillion for 2026 and an economic growth rate of 4.68 per cent, even as the proposed deficit for the year …
- ClimateDevelopmentEnergyGOVERNMENTInternational AffairsSouth Africa
UK Considers Extending $1 Billion Debt Guarantee to Support South Africa’s Green Energy Transition
by Radarr Adminby Radarr AdminThe United Kingdom may extend a $1 billion (about R17 billion) debt guarantee to South Africa as part of efforts to help the country shift to cleaner energy. The guarantee, …