From highways and gas pipelines to student loans, digital skills and agricultural reforms, a look at how the Renewed Hope Agenda is attempting to transform governance into measurable outcomes. As Nigerians commemorate Democracy Day, a fundamental question dominates conversations across homes, markets, campuses and workplaces: Are government reforms making a difference in the lives of …
The Federal Government has issued guidelines for the transition from repealed tax laws to the new Tax Acts 2025. The Federal Ministry of Finance made this known in a statement on Thursday. It said the guidelines provide direction to taxpayers, tax practitioners, revenue agencies and other stakeholders on implementing the new tax framework. It also …
The recent drop in global crude oil prices has triggered a fresh wave of competition in Nigeria’s downstream petroleum market, as Dangote Petroleum Refinery and other major marketers have announced lower prices for Premium Motor Spirit (PMS), commonly known as petrol. The sudden drop in global crude prices below $80 per barrel, primarily driven by …
The Federation Account Allocation Committee (FAAC) has distributed N2.3 trillion as May 2026 revenue allocation to the Federal, state, and local government councils. This was supported by a sharp rise in statutory revenue despite a decline in value-added tax (VAT) collections. The allocation was announced after the June 2026 FAAC meeting in Abuja, according to …
The Africa Social Impact Summit (ASIS) has mobilised more than $1 billion in funding for sustainable development projects across Africa, with organisers now projecting an additional $500 million in investment commitments at its upcoming 2026 edition. The announcement was made in Abuja by the Chief Executive Officer of Sterling One Foundation, Olapeju Ibekwe, during a …
The Federal Government’s latest Treasury Bills (T-Bills) auction witnessed overwhelming investor interest, attracting subscriptions worth N1.86 trillion against an initial offer of N1 trillion, signaling growing confidence in Nigeria’s economic reforms and macroeconomic stability. The auction, conducted by the Central Bank of Nigeria (CBN) on behalf of the Federal Government, was oversubscribed by approximately N860 …
The federal government has dismissed reports that it plans to introduce new taxes on telecommunications services and petroleum products. It dismissed the claim in a statement on Tuesday by Maryann Duke, Senior Special Assistant on Communications and Press Affairs to the Minister of Finance and Coordinating Minister of the Economy, describing it as inaccurate and …
The Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), Dr Muda Yusuf, has called on the government to focus on tackling the structural factors driving inflation in Nigeria rather than relying solely on monetary policy measures. He made the call on Monday in a policy brief on the country's inflation …
The Alliance for Economic Research and Ethics has called on the federal government to reject the International Monetary Fund's (IMF) recommendation for new taxes on fuel, telecommunications services, and consumption. In a policy statement released on June 14 by its chairman, Dele Oye, the think tank group warned that such measures would worsen poverty, raise …
Nigeria’s headline inflation rate rose to 15.93 per cent in May, from 15.69 per cent in April, marking the first increase in two months. The National Bureau of Statistics (NBS) revealed the figure in its monthly Consumer Price Index (CPI) data released on Monday, June 15. The latest figure signals persistent price pressures across the …
