National

The Federal Executive Council (FEC) has approved a Nigeria First economic policy targeted at prioritizing the use of locally manufactured goods and services in all government procurements. The Minister of Information and National Orientation, MOHAMMED IDRIS, who made this known  yesterday after the FEC meeting in Abuja, said the policy would soon be backed by an executive order.  According to him, the policy aligns with President BOLA TINUBU’S objective of driving industrialization, protecting the […]

The Central Bank of Nigeria, CBN has announced a major review of the documentation needed for transactions carried out through the Pan-African Payment and Settlement System, PAPSS in Nigeria. In a circular dated April 28, 2025, CBN introduced simplified documentation for low-value PAPSS transactions, allowing individuals and corporates to use basic KYC and AML documents for transactions up to 2,000 and 5,000 dollars respectively, while higher-value transactions will still require […]

The Federal Government says it has completed repair works on the runway of Akanu Ibiam International Airport in Enugu and will be reopened today,  Monday, April 28, 2025. Recall that FAAN had in a statement, explained that there was a sudden and significant rupture in the asphalt surface at a critical section of the runway, noting that emergency repairs will be conducted on that portion of the runway from April […]

Workers of the Nigerian Meteorological Agency, NiMET have called off their nationwide strike after the Federal Government’s intervention.  The striking workers, who had grounded flights operations for over 48 hours in protest against poor working conditions, ended the strike following a meeting with the Minister of Aviation and Aerospace Development, Festus Keyamo, in Abuja. The workers expressed concerns over the failure to implement the new national minimum wage, the exclusion […]

The federal government has announced the disbursement of 50 billion Naira to the academic and non-academic staff unions of federal universities for the settlement of unpaid earned allowances as promised by President Bola Tinubu. In a statement issued yesterday by the Minister of Education, Maruf Alausa, through the ministry’s spokesperson, Folasade Boriowo, disclosed that the move stands as yet another testament to Tinubu’s unwavering commitment to fundamentally transform Nigeria’s education […]

 The Economic and Financial Crimes Commission and the Securities and Exchange Commission have vowed to hunt down operators of Ponzi schemes nationwide. The commissions declared this yesterday following the collapse of the digital assets platform, CBEX. The SEC, however, revealed that it had yet to receive formal complaints about the collapsed digital assets platform, while the EFCC assured that individuals who invested in CBEX would get their money back. Speaking […]

The Federation Account Allocation Committee, FAAC, has shared N1.578 trillion to federal, state and local government councils as revenue for March 2025. A communiqué issued yesterday after a FAAC meeting held in Abuja, revealed that the total distributable revenue of N1.578 trillion comprised distributable statutory revenue of N931.325 billion, distributable Value Added Tax, VAT revenue of N593.750 billion, Electronic Money Transfer Levy, EMTL revenue of N24.971 billion and Exchange Difference […]