By Vivian Emoni The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has begun the review of the revenue allocation formula, to produce a fair, just and equitable revenue sharing formula for the nation. Dr Mohammed Bello, Chairman of the commission, announced this at a news conference on Monday in Abuja.Continue Reading
By Okeoghene Akubuike The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate eased further to 21.88 per cent in July 2025. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for July 2025, which was released in Abuja on Friday. According to the report,Continue Reading
By Nana Hauwa Musa The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says the Nigerian economy is experiencing consistent growth within the context of global developments and ongoing domestic reform programmes. Edun said this at a news conference to provide update on the economy, inContinue Reading
By Martha Agas The non functional Ajaokuta Steel Company Limited (ASCL) is costing the country more than N1 billion annually in pensions, salaries, taxes, and administrative costs. Prof. Linus Asuquo, Director-General (D-G) of the National Metallurgical Development Centre, Jos, stated this in his presentation at a panel discussion at theContinue Reading
By Muhyideen Jimoh Dr Ngozi Okonjo-Iweala, the Director-General of the World Trade Organization, (WTO,), says President Bola Tinubu deserves credit for stabilising Nigeria’s economy through bold reforms. She spoke with State House correspondents on Thursday after a closed-door meeting with the President at the Presidential Villa, Abuja. Okonjo-Iweala noted theContinue Reading
By Patricia Amogu Dr Fakunle Aremu, Senior Agribusiness and Policy Advisor, has urged Micro, Small and Medium Enterprises (MSMEs) to profitably adopt Artificial Intelligence (AI) to remain competitive and relevant in the current business landscape. Aremu, who specialises in agricultural value chain development and food systems, told the NewsContinue Reading
By Martha Agas Nigeria has committed to repositioning its steel industry as a driver of industrialisation and economic diversification. The Minister of Steel Development, Prince Shuiab Audu, stated this at the opening of the maiden edition of the National Steel Summit on Wednesday in Abuja. The News Agency of NigeriaContinue Reading
By Kadiri Abdulrahman The Office of the Accountant-General of the Federation (OAGF) on Wednesday, engaged Federal Government accounting officers on new modalities to transit from the 2024 budget to that of 2025. The briefing was at a stakeholders’ engagement with chief executives of Ministries, Departments, and Agencies (MDAs) on theContinue Reading
By Taiye Olayemi The Chartered Institute of Bankers of Nigeria (CIBN) has called on Nigerian youths to leverage their creativity, skills, and determination to transform the country into a global innovation hub. Prof. Pius Olanrewaju,Continue Reading
By Kadiri Abdulrahman The Federal Inland Revenue Service (FIRS) on Tuesday held a high-level meeting with the Nigeria Customs Service (NCS) to advance the Nigerian National Single Window (NSW) project. The meeting reviewed the collaboration between NCS and NSW Secretariat, agreeing on steps for integration and implementation. The discussions reflectedContinue Reading
