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By Seun Ibiyemi Members of the Nigerian House of Representatives have urged the Federal Government to reduce airport charges by 50 percent and grant tax incentives to aviation companies to make flights more affordable during the Christmas season. The call followed the adoption of a motion moved by Rep. Obinna Aguocha (LP-Abia) at Thursday’s plenary ...
The Federal Government, through the Ministry of Art, Culture, Tourism, and the Creative Economy, has officially endorsed Dettyfusion, a lifestyle and experience platform, identifying it as a key driver for Nigeria’s creative ecosystem during the festive season. The endorsement was conveyed by the Minister, Hannatu Musa Musawa, Esq., signaling a strategic alignment between the government's ...
By Seun Ibiyemi The Securities and Exchange Commission (SEC) has announced a wide-ranging set of reforms aimed at enhancing market efficiency, deepening investor confidence, and accelerating the digital transformation of Nigeria’s capital market. The initiatives were unveiled by SEC Director-General, Emomotimi Agama, during the second Capital Market Committee (CMC) meeting for 2025, where he also ...
...Sets January 2026 deadline for mandatory e-Receipts By Seun Ibiyemi The Federal Government has launched its most ambitious overhaul of public finance administration in more than a decade, introducing a unified digital revenue platform designed to transform how ministries, departments and agencies (MDAs) collect, track and remit federal funds. The reform anchored on four circulars ...
By Seun Ibiyemi The House of Representatives Committee on Public Account has set December 15 as the deadline for the Nigerian National Petroleum Company Ltd. (NNPCL) to appear before it and address alleged revenue leakages. The ruling was made by the committee chairman, Rep. Bamidele Salam, during a hearing on Monday in Abuja, following the ...
….wins Best Bank in 9 out of 20 African subsidiaries Africa’s Global Bank, United Bank for Africa (UBA) Plc, has once again, reaffirmed its leadership as one of the continent’s most innovative and resilient financial institutions, after the bank, for the third time in five years, emerged, African Bank of the year 2025 by the Banker.com. UBA also won the Best Bank of the Year awards ...
By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has sounded the alarm over Nigeria’s deteriorating fiscal outlook, warning that nearly half of the nation's projected revenue in 2026 will be swallowed by debt servicing. Reacting to the Federal Government’s 2026–2028 Medium-Term Expenditure Framework (MTEF), the think tank described the country’s debt ...
The Nigerians in Diaspora Commission (NIDCOM) has signed a partnership agreement with InnoPower Africa which will galvanize diaspora jobs for Nigerians. This partnership further strengthens the Federal Government’s efforts to address the challenges of unemployment. Under the agreement young Nigerians will be connected to remote job opportunities in Diaspora-owned businesses across the United States, Canada, and the ...
The Nigerian Institute of Public Relations (NIPR) has unveiled the Public Relations, Reputation, Ideas, Concepts and Excellence (PRICE) Awards, its new annual prize system designed to recognise and celebrate outstanding campaigns, practitioners and organisations shaping the public relations profession in Nigeria. In a statement signed by Dr Omoniyi Ibietan, Vice Chairman of the National Planning ...
...as Dangote vows to be Imo's biggest investor The Federal Government has designated Imo State as a critical pillar in Nigeria’s economic diversification strategy, citing the state's readiness for rapid expansion in gas utilization, technology, agro-industrial processing, and small and medium-scale enterprises (SMEs). Vice President Kashim Shettima made this declaration on Thursday at the Imo ...
...secures gas supply deal for Aba Power Limited In a major move to address the perennial energy challenges in the state capital, Abia State Governor, Alex Otti, on Wednesday, performed the groundbreaking ceremony for a 15 MVA Injection Substation at Ogurube Layout, Umuahia. The project, which is designed to boost electricity supply across Umuahia and ...
The UNESCO Category 2 Media and Information Literacy (MIL) Centre is set to take off by February 2026 in Abuja. This was announced during a courtesy visit by the Head of Office and UNESCO Representative a.i. to Nigeria, Dr. Jean-Paul Ngome Abiaga to the Minister of Information and National Orientation, Mohammed Idris. He made the announcement during ...
By Seun Ibiyemi President Bola Ahmed Tinubu has disclosed that the aviation sector now has a contribution of 2.5 percent to the nation's Gross Domestic Product (GDP). Speaking at the Nigerian International Air Show in Abuja, President Bola Ahmed Tinubu, represented by Secretary to the Government of the Federation (SGF), George Akume counted the gains and reforms ...
The House of Representatives has called for the remittance of over N30 billion recovered from the presidential inquiry into the financial infractions on National Social Investment Programme Agency (NSIPA) fund to the Treasury Single Account (TSA). Reports that the resolution was arrived at, following a motion of urgent national importance moved by Rep. Saidu Abdullahi ...
In a strategic move to prevent gridlock during the festive season, the Lagos State Government has suspended the commencement of major rehabilitation works on the Lekki-Ajah corridor, effectively ordering contractors to vacate the carriageways until further notice. The decision, which comes as a relief to motorists and residents of the Lekki-Epe axis, reverses an earlier ...
By Matthew Denis The Deputy National Chairman of Nigerian Institution of Highway and Transportation Engineers (NIHTE), Engr. Dr. Bola Mudasiru disclosed that smart infrastructures effects revolutionizing urban development through leveraging technology to achieve sustainability and efficiency. He made the disclosure during his presentation at the Zimbabwe Institution of Engineers International Conference held recently. Dr. Bola ...
...warns of job losses, economic disruptions By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has raised strong objections to the proposal by the Senate Committee on Finance to amend the Customs and Excise Act to increase excise duty on non-alcoholic beverages, warning that the move could undermine Nigeria’s fragile economic recovery ...
By Seun Ibiyemi Nigeria’s Gross Domestic Product (GDP) rose by 3.98 per cent year-on-year in the third quarter of 2025, marking a slight improvement over the 3.86 per cent recorded in the same period of 2024. The latest figures were released by the National Bureau of Statistics (NBS), highlighting broad-based growth across key productive sectors ...
By Seun Ibiyemi The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has outlined the apex bank’s strategic priorities for 2026, declaring that the coming year will focus on strengthening the banking sector, protecting depositors, modernizing payment systems, deepening financial stability, and bolstering Nigeria’s economic resilience. Speaking at the annual Bankers’ Dinner hosted ...
Zenith Bank Plc has reasserted its dominance in the Nigerian financial services sector, sweeping the most coveted categories at the Nigerian NewsDirect 15th Anniversary and Awards Ceremony held in Lagos. In a night that celebrated excellence and corporate resilience, Zenith Bank was declared the "Bank of the Year," while its Group Managing Director/CEO, Dame (Dr) ...
By Seun Ibiyemi Nigeria’s credit to the private sector recorded a modest rebound in October, rising to N74.41 trillion from N72.53 trillion in September, signaling renewed lending activity following a five-year high interest rate environment. The increase comes after private sector credit had fallen to an 18-month low in September, according to the latest data ...
By Seun Ibiyemi Former Vice President Atiku Abubakar has accused the administration of President Bola Tinubu of engaging in massive financial recklessness following reports that the Nigerian National Petroleum Company Limited (NNPCL) spent ₦17.5 trillion on pipeline security and related expenses within one year. In a statement released on Sunday via his X handle, Atiku ...
It was a night of accolades and industry affirmation for the Nigerian banking sector as Access Bank Plc, Fidelity Bank Plc, and United Bank for Africa (UBA) emerged winners at the Nigerian NewsDirect 15th Anniversary and Awards Ceremony. Held in Lagos, the event brought together captains of industry, political heavyweights, and media executives to celebrate ...
