Former Kaduna State Governor, Nasir El-Rufai, has filed a ₦1 billion fundamental rights enforcement suit against the Independent Corrupt Practices and Other Related Offences Commission (ICPC), over what he described as the unlawful invasion and search of his Abuja residence. The suit, marked FHC/ABJ/CS/345/2026, was filed at the Federal High Court in Abuja, seeking an …
Chairman, Presidential Committee on Fiscal Policy and Tax Reforms, Prof. Taiwo Oyedele has said Nigeria’s tax reforms aim to strengthen the capital market while promoting inclusive economic growth. Prof. Oyedele stated this while highlighting the benefits of the benefits of the ongoing tax reforms in Nigeria. He spoke at the 3rd Professor Uche Uwaleke Biennial …
The National Assembly has increased the campaign spending limit for presidential candidates to ₦10 billion and raised the ceiling for governorship candidates to ₦3 billion under the Electoral Act, 2026. The harmonised version of the Electoral Bill, passed by both chambers of the National Assembly, was transmitted to President Bola Tinubu for assent on February …
Nigeria’s export of unprocessed raw materials surged to ₦2.9 trillion in the first nine months of 2025, despite the Federal Government’s intensified push for value-added exports and local processing. Latest data from the National Bureau of Statistics (NBS) showed that raw material exports rose by 147.4 per cent from ₦1.174 trillion recorded in the corresponding …
The Federal Government on Monday, February 23, defended Executive Order 9 (EO9), declaring that the directive is a constitutional enforcement mechanism and not an attempt by the President to usurp the powers of the legislature. It said this in a statement titled 'Executive Order 9: Constitutional Fidelity, Not Executive Overreach,' shared by the Special Adviser, …
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 …
The All Progressives Congress (APC) has won five chairmanship seats in the Federal Capital Territory (FCT) Area Council elections, while the Peoples Democratic Party (PDP) secured one seat. The elections were conducted by the Independent National Electoral Commission (INEC) on Saturday across the six area councils of the Federal Capital Territory, Abuja Municipal Area Council …
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 …
Nigeria’s capital market contribution to Gross Domestic Product (GDP) has increased to 33 per cent from 13 per cent in April 2024, reflecting its expanding role in the economy. The growth follows a 125 per cent increase in market capitalisation, which rose to N123.93 trillion from about N55 trillion. The Director-General of the Securities and …
