By Muhyideen Jimoh The Federal Executive Council (FEC) on Wednesday approved the 2026–2028 Medium-Term Expenditure Framework (MTEF), outlining revenue projections, fiscal assumptions and spending priorities for the next three years. The Minister of Budget and Economic Planning, Sen. Atiku Bagudu, briefed State House Correspondents after the meeting presided over byContinue Reading
Okeoghene Akubuike The World Bank says developing countries paid 741billion dollars more in principal and interest on their external debt than they received in new financing between 2022 and 2024. A statement issued by the World Bank Online Media Briefing Centre on the latest International Debt Report on Wednesday, saidContinue Reading
By Okeoghene Akubuike Director-General(D-G),Bureau of Public Procurement (BPP), Dr Adebowale Adedokun, has restated the Federal Government’s commitment to eliminating procurement fraud and strengthening transparency across Ministries, Departments and Agencies (MDAs). Adedokun said this in a statement issued by Zira Nagga, BPP’s Head of Press and Public Relations in Abuja onContinue Reading
By Vivian Ihechu Prof. Pius Olanrewaju, President and Chairman of the Council of the Chartered Institute of Bankers of Nigeria (CIBN), says one of Africa’s most pressing economic challenges is cross-border payment settlements. According to him, this leads to Africa losing an estimated $5Continue Reading
By Vivian Emoni The Federal Government has expressed commitment to ensure strong and effective fiscal discipline and regulatory clarity as the nation prepares for full implementation of new fiscal reforms in 2026. Dr Jumoke Oduwole, Minister of Industry, Trade and Investment, made the commitment at a high-level virtual stakeholders’ dialogueContinue Reading
By Okeoghene Akubuike The Bureau of Public Procurement (BPP) has dismissed allegations circulating in parts of the media and on social platforms accusing its leadership of corruption and monetisation of Certificates of No Objection. This is according to a statement by Zira Nagga, BPP’s Head of Press and Public RelationsContinue Reading
By Okeoghene Akubuike The National Bureau of Statistics (NBS), says Nigeria’s Gross Domestic Product (GDP) rate in real terms grew by 3.98 per cent in the third quarter of 2025 on a year-on-year basis. The NBS stated this in the Nigerian Gross Domestic Product Report Q3 2025 released in AbujaContinue Reading
By Yunus Yusuf The Nigeria National Petroleum Corporation (NNPC) Foundation Ltd./Gte has emerged Africa’s Most Responsible Organisation at the 2025 SERAS Sustainability Awards held in Lagos on Saturday. The News Agency of Nigeria (NAN) reports that the Foundation secured the prestigious continental prize at the 19th edition of Africa’s leadingContinue Reading
By Taiye Olayemi Diplomats and travel experts have urged African nations to strengthen bilateral agreements and simplify visa rules to support seamless movement across the continent. They made the call at the maiden Heirs Insurance Travel Festival held in Lagos on Saturday. Brazilian Ambassador to Nigeria, Manuel Innocencio, speaking onContinue Reading
By Taiye Olayemi Nigeria has formally shifted from a T+3 to a T+2 settlement cycle, marking a significant advance in the ongoing modernisation of its capital market. The News Agency of Nigeria reports that T+2 settlement means securities and funds from trades will now be settled two business days afterContinue Reading
