The Federal Government and Japan have launched a $50 million Impact Innovation Fund to support Nigerian startups tackling critical social challenges. This follows agreements signed between the Nigeria Sovereign Investment Authority (NSIA) and the Japan International Cooperation Agency (JICA). The signing ceremony, held at the Ministry of Budget and Economic Planning in Abuja on Friday, …
The Federal Government has assured foreign investors in Nigeria’s solid minerals sector of stronger legal protections for their investments, citing the country’s status as a signatory to the Cape Town Convention on International Interests in Mobile Equipment. The Minister of Solid Minerals Development, Dele Alake, gave the assurance during the signing of an Engineering, Procurement …
Former chairman of United Bank for Africa (UBA) Israel Ogbue, has passed on at the age of 99. UBA reportedly announced this in a statement released on Thursday. Ogbue was the father of Awele Elumelu, chairman of Transcorp Hotels, and father-in-law to Tony Elumelu, current chairman of UBA Group. The bank described Ogbue as a …
The Nigeria Revenue Service (NRS) has fixed January 2028 as the deadline for the full transition to mandatory electronic invoicing. The move, the agency says, will transform tax administration through real-time transparency, reduced fraud and improved economic planning. Project Manager for the e-invoicing implementation, Mohammed Bawa, made this known on Tuesday at a stakeholders’ workshop …
A prosecution witness on Monday told the Federal High Court in Abuja that several financial transactions traced to the Kogi State Government were linked to Ali Bello, chief of staff to Usman Ododo, in the ongoing N10.2 billion fraud case instituted by the Economic and Financial Crimes Commission (EFCC). The witness, Ahmed Abubakar, an EFCC …
Proceedings in the House of Representatives became disorderly on Tuesday following disagreements over a motion to rescind the passage of the Electoral Act Amendment Bill. The motion was moved during plenary by Francis Waive, chairman of the House Committee on Rules and Business, seeking a reversal of the bill passed on December 23, 2025. When …
The National Assembly has announced plans to reconvene an emergency plenary session on Tuesday, February 17, 2026, cutting short its recess amid indications that lawmakers may review the date fixed for the 2027 presidential election. In a notice issued on Sunday and signed by the Clerk to the National Assembly, Kamoru Ogunlana, senators and members …
Some protesters on Monday marched to the Economic and Financial Crimes Commission (EFCC) headquarters in Abuja. They demanded a thorough investigation into the alleged N432 billion corruption case involving former Kaduna State Governor Nasir El-Rufai. The demonstrators, organised under the Mega National Movement for Good Governance, chanted solidarity songs and carried placards reading "Answer the …
Civil society organisations on Monday intensified pressure on the National Assembly, demanding mandatory real-time electronic transmission of election results as activists staged a peaceful protest at the front gate of the legislature in Abuja. The demonstration formed part of what organisers described as a planned, coordinated, evidence-based, and citizen-driven advocacy led by ActionAid Nigeria, the …
The federal government has dismissed as false a viral video claiming that Nigeria’s new tax laws will only commence in 2027 and that a 25 per cent tax has been imposed on funds meant for building materials and other transactions. This was contained in a separate clarification by the Presidential Fiscal Policy and Tax Reforms …
