President Bola Ahmed Tinubu has nominated Mr Taiwo Oyedele as Nigeria’s new Minister of State for Finance, signalling a strategic move to strengthen the administration’s fiscal reform agenda. Oyedele replaces Dr Doris Anite-Uzoka, who has been redeployed to the Ministry of Budget and National Planning as Minister of State, marking her third ministerial portfolio under …
Nigeria’s net foreign exchange reserves surged by 772 per cent to $34.80 billion at the end of 2025, up from $3.99 billion recorded at the end of 2023, the Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said. The sharp rise signals what the apex bank described as a major strengthening of the …
The Lagos Chamber of Commerce and Industry (LCCI) has called for sustained efforts to remove impediments in Nigeria’s business environment and attract foreign direct investment (FDI) into critical sectors of the economy. The demand came following the Central Bank of Nigeria's (CBN) recent reduction of the benchmark interest rate. In a statement, the Chamber’s Director …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that registration and submission of applications for pre-qualification for the Nigeria 2025 Licensing Round will close on Friday, February 27, 2026. The Commission made this known in an update shared via its X handle on Wednesday. According to the statement, NUPRC said the portal for the …
The Lagos State Internal Revenue Service (LIRS) has advised all individual taxpayers in Lagos State to file their annual tax returns for the 2026 year of assessment on or before March 31, 2026. The tax authority appealed in a statement issued by its Head of Corporate Communications, Monsurat Amasa-Oyelude, on Wednesday, February 25. It stated …
In a move to accelerate financial inclusion across Nigeria, the National Association of Microfinance Banks (NAMB), Federal Capital Territory (FCT) Chapter, has convened a high-level corporate governance training for Chairmen, Executive Directors, and Non-Executive Directors of Microfinance Banks operating within Abuja. The strategic capacity-building session, themed “Corporate Governance: Framework for Growth and Sustainability", brought …
The National Pension Commission (PenCom) has directed all Licensed Pension Fund Administrators (PFAs) to immediately categorise contributions under the Personal Pension Plan (PPP), warning that failure to comply will attract regulatory sanctions. It made this known in a circular dated February 24 and signed by the Commission’s Director of the Surveillance Department, A. M. Saleem. …
President Bola Tinubu has reportedly ordered the removal of Kayode Egbetokun from his position as Inspector General of Police. According to a report by Sahara Reporters, Egbetokun is to be succeeded by Tunji Disu, who is currently the Assistant Inspector General of Police in charge of the Force Criminal Investigation Department (FCID) Annex in Alagbon, …
Former Vice President Atiku Abubakar has described the low voter turnout in Saturday’s area council elections in the Federal Capital Territory (FCT) as a sign of a political environment “poisoned by intolerance, intimidation, and the systematic weakening of opposition voices.” In a statement issued on Sunday from his Abuja office, Abubakar accused the administration of …
Nigeria government has won a final international arbitration against European Dynamics UK Ltd, with a tribunal dismissing claims totalling more than $6.2 million arising from a dispute over a national e-procurement project. The aide to the President on Communication and Publicity, Office of the Attorney General of the Federation and Minister of Justice, Kamarudeen Ogundele, …
