A dedicated unit is now in place in the Office of the Accountant General of the Federation (OAGF) to handle direct disbursement of funds to the 774 local governments across the country as the planned financial autonomy for the third tier of government takes effect this month. The first meeting of the Federation Account Allocation Committee (FAAC)…
President Bola Ahmed Tinubu’s arrival in Abu Dhabi marks a significant step in Nigeria’s engagement with global sustainability efforts. As part of the 2025 edition of Abu Dhabi Sustainability Week (ADSW), President Tinubu’s participation highlights Nigeria’s advancements in key sectors like energy, transportation, public health, and economic development. The summit, themed “The Nexus of Next:…
The president jetted out at 06:30pm on Saturday to attend the summit scheduled for January 12 to 18. President Bola Tinubu has departed Nigeria’s capital city Abuja to attend the 2025 edition of Abu Dhabi Sustainability Week in the United Arab Emirates. The president jetted out at 06:30pm on Saturday to attend the summit scheduled for January…
The Independent National Electoral Commission (INEC) has proposed N126 billion for its 2025 budget. The Chairman of the Commission, Prof Mahmood Yakubu, presented while defending the 2024 budget implementation before the National Assembly on Friday. He begged the National Assembly to accept the 2025 budget, which is almost three times larger than the one passed…
Nigeria’s headline inflation rate is projected to average 30.5% year-on-year in 2025 and settle at 27.1% by December 2025. According to the latest NESG-Stanbic IBTC Business Confidence Monitor report, the forecast is based on the premise that headline inflation is expected to remain sticky in September 2025 but settle below 30.0% from September 2025, as…
The China Development Bank (CDB) has granted a loan of 245 million euros ($254.76 million) for constructing the Kano-Kaduna railway project in Nigeria. A statement by the bank on Tuesday said the move was to provide financial support for the smooth progress of the project. The Kano-Kaduna railway, with a total length of 203 kilometres,…
The Federal Government has confirmed plans to increase telecoms tariffs but assured Nigerians it won’t be by 100% as requested by operators. The Minister of Communications, Innovation, and Digital Economy, Bosun Tijan, made this known at a stakeholders’ meeting in Abuja on Wednesday. He said the Nigerian Communications Commission (NCC) would develop modalities for tariff…
The management of the National Youth Service Corps (NYSC) says corps members in the country will soon start receiving ₦77,000 as their monthly allowance. NYSC Director General, Brigadier General YD Ahmed, stated this on Tuesday in Abuja, according to a statement by NYSC spokesperson Caroline Embu. General Ahmed, who said his administration places a high…
The Defence Headquarters has confirmed the killing of six soldiers during a raid by the Islamic State/ Boko Haram group on its military base in Borno State. According to the report, two military officers said that the fighters from Islamic State West Africa Province (ISWAP) reportedly launched a pre-dawn attack in trucks and on motorcycles…
The Nigeria Centre for Disease Control (NCDC) says the country is at “moderate” risk for Human Metapneumovirus (HMPV). In a public health advisory, the agency said the Federal Government is closely monitoring the outbreak of the virus and is taking safety measures to “strengthen the country’s preparedness and response capacity”. The NCDC said it conducted…
