Finance Ministry Calls on MOFI to Maintain Transparency in Asset Valuation and Management
The Ministry of Finance Incorporated (MOFI) has been directed to develop and submit a detailed roadmap for the remuneration and valuation of all Federal Government of Nigeria (FGN) assets, both…
Tax Reform Bill Gets 100% Approval At House Of Reps
The House of Representatives has formally adopted the Tax Reform Bill as a working document after deliberations in the Committee of the Whole on Thursday. Key Highlights of the Tax…
FG Set to Introduce Fly Nigeria Act to Boost Local Aviation Sector
The Federal Government will introduce the Fly Nigeria Act to the National Assembly, a policy designed to strengthen the local aviation industry by mandating government officials to prioritize Nigerian airlines…
TETFund to Allocate N2.8bn to Each Public University in 2025
The Tertiary Education Trust Fund (TETFund) has announced its 2025 disbursement plan, with significant allocations for tertiary institutions. Each public university will receive N2.86 billion, while polytechnics and colleges of…
Ondo Surveyors Criticize Government Over Security Lapses Following Kidnapping Incident
The Ondo State chapter of the Nigerian Institution of Surveyors (NIS) has condemned the government’s handling of security concerns. This follows the recent abduction of nine surveyors in Ilu Abo…
Reps to pass Tinubu’s tax reform bills today
The House of Representatives is currently considering the report on the four tax bills transmitted to the National Assembly in October 2024 by President Bola Tinubu. Chairman of the Committee…
NERC Inaugurates Grid Code Review Panel to Strengthen Power Sector Operations
The Nigerian Electricity Regulatory Commission (NERC) has inaugurated the Grid Code Review Panel (GCRP) to enhance national grid efficiency. The panel plays a crucial role in evaluating and administering amendments…
Obasanjo Criticizes Lagos-Calabar Highway Project, Calls It Wasteful and Corrupt
Former President Olusegun Obasanjo has condemned the N15.6 trillion Lagos-Calabar Coastal Highway project, describing it as both wasteful and corrupt. He also criticized President Bola Tinubu’s administration for spending N21…
Naira down to N1,585/$ in parallel market
The Naira yesterday depreciated to N1,585 per dollar in the parallel market from N1,565 per dollar on Tuesday. Similarly, the Naira depreciated to N1,546 per dollar in the Nigerian Foreign…
Lagos GDP Reaches $259 Billion, Now Africa’s Second-Largest Economy
Lagos State’s Gross Domestic Product (GDP) has reached $259 billion, based on Purchasing Power Parity (PPP), positioning it as Africa’s second-largest economy. This announcement was made on Wednesday during the…