Oyedele at UNGA: ‘Africa needs affordable capital to finance infrastructure’
The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has called for a major shift in the global approach to financing Africa’s development, urging the international community to make affordable, long-term capital available for infrastructure and energy projects across the continent. Oyedele, who made the call at the United Nations Dialogue […]
Apapa Customs set new record of N20.1bn daily revenue generation
By Godwin Oritse Apapa Customs has set a new record posting N20.1 billion daily revenue barely 24 hours after the newly deployed Comptroller, Emmanuel Oshoba took over the leadership of the command. The latest record-breaking collection now stands as the highest daily revenue of any command in the Nigeria Customs Service, using the Unified Customs Management […]
FIRS, EFCC strengthen alliance to enforce voluntary tax compliance
By Babajide Komolafe The Federal Inland Revenue Service (FIRS) and the Economic and Financial Crimes Commission (EFCC) have renewed their commitment to closer collaboration in order to strengthen Nigeria’s tax compliance framework and safeguard public revenue. Speaking at a courtesy visit to the EFCC headquarters in Abuja yesterday, the FIRS Executive Chairman, Dr Zacch Adedeji, emphasised […]
2024 budget, 80% implemented —Edun
….as Reps quiz ministers on 2024–2025 appropriation act performance By Gift ChapiOdekina The Minister of Finance Wale Edun on Wednesday revealed that as of September 2025, about 80 per cent of the 2024 budget had been executed. This is also as the House of Representatives Committee on Appropriations held a closed-door session with the Minister of […]
Blackout: Businesses suffer as national grid collapses again
By Obas Esiedesa, Abuja Businesses and homes suffered setback, yesterday, as Nigeria recorded another national grid collapse. The total electricity generation dropped to 1.5 megawatts, MW 2,917.83 MW between 11 am and 12 pm. Shortly after the collapse, the Nigeria National Grid, an X handle that provides updates on Electric power distribution announced that “System restoration is […]
Naira down to N1,540 in parallel market
By Elizabeth Adegbesan The Naira yesterday depreciated to N1,540 per dollar in the parallel market from N1,525 per dollar on Tuesday. But the Naira appreciated to N1,502.5 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate fell to N1,502.5 per dollar […]
