The Corporate Affairs Commission (CAC) has uncovered 248 fake companies and reported them to the Economic and Financial Crimes Commission (EFCC) for investigation and prosecution. Registrar-General Hussaini Magaji (SAN) disclosed this on Tuesday in Abuja during an Anti-Corruption Day event marking the Commission’s 35th anniversary. He also accused some banks of weakening Nigeria’s corporate compliance …
The Federal Government of Nigeria has set a bold revenue target of ₦40.7 trillion for 2026. Officials say the goal is to boost domestic revenue and reduce dependence on borrowing. The target, revealed at the Nigeria Revenue Service (NRS) Management Retreat in Abuja on Tuesday, represents a 44 per cent increase from the ₦28.29 trillion …
Nigeria must reduce its reliance on borrowing and strengthen its domestic revenue base to stabilise public finances and fund sustainable development, Finance Minister and Coordinating Minister of the Economy, Wale Edun, said on Tuesday. Speaking at the Nigerian Revenue Service (NRS) management retreat in Abuja, Edun warned that the global financial environment had grown increasingly …
Nigeria’s long-running struggle with corruption has once again come under global scrutiny, as the 2025 Corruption Perceptions Index (CPI) revealed persistent stagnation and deep-rooted governance failures that continue to undermine public trust, democratic accountability and economic progress. The latest CPI, released by Transparency International and localised in Nigeria by the Civil Society Legislative Advocacy Centre …
The Bank of Industry (BoI) has secured regulatory approval from the Central Bank of Nigeria (CBN) to operate a Non-Interest Banking (NIB) Window, a move that marks a major milestone in the bank’s growth and long-term development strategy. In a statement, the BOI said the approval allows it to formally commence non-interest banking operations. The …
The Nigerian naira remained stable against the United States dollar on Monday, February 9, 2026. This stability marked the start of the second week of trading in the foreign exchange market. Overall, the currency continued to benefit from consistent policy support and improved market confidence. In the Nigerian Foreign Exchange Market (NFEM), the naira opened …
Suspected Boko Haram and Islamic State West African Province (ISWAP) insurgents have again attacked trucks carrying food supplies to Maiduguri, Borno State. The attack marks a renewed assault on commercial activities along key supply routes. The incident happened on Saturday along the Monguno–Guzamala axis. It occurred between Burmari and Garin Kashim villages in Guzamala Local …
In a major step to secure the Sahel region and boost regional trade, the Nigeria Customs Service (NCS) and the Niger Republic Customs Administration agreed to deepen cross-border cooperation. The move targets faster transit of goods, safer borders, and stronger efforts against terrorism and banditry. The announcement came during a high-level meeting at the Customs …
The United States has condemned the deadly attacks on Woro and Nuku communities in Kaiama Local Government Area, Kwara State, calling the incident “horrific” as casualty figures continue to rise. While the Nigerian Police reported 75 deaths, local sources and international observers estimate the toll at over 160, with many still unaccounted for. “The United …
Afrobeats icon Innocent Idibia, popularly known as 2Baba, has opened up about regrets over past decisions in his career and personal life. In addition, he admits that he wishes he could correct some of his mistakes. Speaking in a recent interview on the Mic On podcast, the award-winning musician said pressure shaped certain moments in …
