Nigeria’s fiscal reform programme has reached a defining institutional milestone, with the Minister of State for Finance, Taiwo Oyedele, declaring that the country’s revenue system has been fundamentally restructured for performance, efficiency, and long-term sustainability. Speaking on behalf of the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, at the commissioning of …
President of the Senate, Godswill Akpabio, has alleged that the recent increase in insecurity across Nigeria is politically motivated with aim of distracting President Bola Ahmed Tinubu ahead of the 2027 general elections. Speaking at the commissioning of the Nigeria Revenue Service (NRS) Corporate Headquarters in Abuja on Tuesday, Akpabio said the worsening security situation …
Borno State Governor Professor Babagana Zulum has donated ₦50 million to the family of Lt Col O.C. Okolo, who was killed in a Boko Haram attack on the Mandaragirau community in Biu LGA on February 16, 2026. The donation was presented on April 10 at the officer’s funeral in Obinofia-Ndiuno, Ezeagu LGA of Enugu State. …
The Supreme Court has fixed April 14 to hear an appeal filed by David Mark, national chairman of the African Democratic Congress (ADC), challenging a suit instituted by Nafiu Bala over the party’s leadership. In the appeal marked SC/CV/180/2026, Mark is seeking an order to halt the execution of the March 12 judgement of the …
A group of data protection advocates has sued the Central Bank of Nigeria (CBN) over a controversial directive restricting Nigerians to a one-time change of phone numbers linked to their Bank Verification Numbers (BVN), arguing that the policy is unconstitutional and exposes millions to fraud risks. According to a report by The Nigerian Lawyer on …
The Dangote Petroleum Refinery has again adjusted its ex-depot fuel prices, reflecting the intense volatility currently gripping the global energy market. Effective immediately, the gantry price for Premium Motor Spirit (PMS), also known as petrol, has been raised to ₦1,275 per litre, while Automotive Gas Oil (AGO), commonly known as diesel, has jumped to ₦1,950 …
The Speaker of the Kebbi State House of Assembly, Muhammad Zuru, has died after an illness. Zuru, who represented Zuru constituency and was a prominent figure in the Zuru Emirate, widely known as Lifiddan Zuru, died on Monday evening in Cairo, Egypt, where he had been receiving medical treatment. His death was announced on Tuesday …
President Bola Tinubu has approved a ₦3.3 trillion payment plan to finally settle legacy debts in Nigeria's power sector. The payment plan approval was given under the Presidential Power Sector Financial Reforms Programme. A statement signed by the presidential spokesperson, Bayo Onanuga, on Sunday, April 5, described the approval as a “full and final settlement” …
FG Moves to Centralise Revenue Collection, Retains Technical Oversight with the Solid Minerals Ministry The Federal Government has handed over the collection of mineral royalties from mining operators nationwide to the Nigeria Revenue Service (NRS), in a major policy shift aimed at strengthening revenue administration under the new tax laws. The Ministry of Solid …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially declared that the country's total oil and condensate reserves stand at 37.01 billion barrels as of January 1, 2026, with a reserve life index of 59 years. This means that at the current production level, the oil reserves are expected to last for 59 years. In a statement …
