Economy
FG Increases Housing Budget to N105bn, Stakeholders Say Allocation Still Insufficient
The Federal Government has raised the 2026 budget allocation for the Federal Ministry of Housing and Urban Development by seven per cent, from...
FG Allocates N421m for NigComSat-2 Project in 2026 Budget
The Federal Government has proposed a budgetary allocation of N420.97 million for the NigComSat-2 Project in the 2026 fiscal year, signaling a continued...
Nigeria’s Oil and Gas Stakeholders Urge Innovation, Value Creation Amid Tax Reforms
Stakeholders in Nigeria’s oil and gas industry have highlighted the potential of recent fiscal reforms, particularly the Nigeria Tax Act 2025, to unlock...
Nigeria’s Proposed 25% Capital Gains Tax Could ilise Market, Says Asset Manager
The Managing Director/CEO of Arthur Stevens Asset Management Limited, Mr Tunde Amolegbe, has stated that Nigeria’s proposed 25 per cent capital gains tax...
Kuda Microfinance Bank Secures National Licence, Plans Physical Expansion Across Nigeria
Kuda Microfinance Bank has announced plans to blend its digital-first operations with physical touchpoints nationwide following the recent upgrade of its licence to...
Transcorp Hotels Posts Record N97 Billion Revenue, Profit Soars in 2025
Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc, has recorded a historic N97.04 billion revenue in 2025, marking a 38 per...
NDLEA Arrests Brazil-Based Businessman, Seizes Drugs Across Nigeria
Operatives of the National Drug Law Enforcement Agency (NDLEA) have arrested a Brazil-based Nigerian businessman, Uche Franklin Onyekwere, at Murtala Muhammed International Airport...
SERAP Sues NNPCL Over Alleged Missing ₦22.3bn, Foreign Oil Funds
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL) over its alleged failure...
Aviation Stakeholders Reject FG’s Enugu Airport Concession, Cite Lack of Transparency
Following the Federal Government’s decision to concession Akanu Ibiam International Airport, Enugu, aviation stakeholders have raised serious concerns over the process and transparency...
FG Borrowing Crowds Out Private Sector as Government Credit Jumps N9.19tn in 2025
The Federal Government’s domestic borrowing from the financial system rose sharply in 2025 despite elevated interest rates, significantly widening the gap between public...
