- Economy
FG targets single-digit inflation by 2027, says Oyedele
The federal government has set a target of reducing inflation to single digits by the end of 2027, or earlier, as it intensifies efforts to tackle rising food prices and ease the cost-of-living burden on Nigerians. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed this on Wednesday while briefing State House correspondents after the Federal…
Read More » - Economy
$21.7bn borrowing to fund infrastructure, not consumption, says Oyedele
The federal government has defended its proposed $21.7bn external borrowing programme, saying the funds will be channelled into infrastructure and other productive investments expected to drive economic growth and improve Nigerians’ living standards. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, gave the explanation on Wednesday while briefing State House correspondents after the Federal Executive Council…
Read More » - National News
Tinubu departs Abuja for Saudi Arabia
President Bola Tinubu will depart Abuja on Thursday for Makkah, Saudi Arabia, to perform the lesser Islamic pilgrimage, Umrah, and pray for Nigeria’s peace, unity and stability. The President’s trip will follow the commissioning of equipment acquired by the Nigerian Air Force for its operations at the Presidential Wing of the Nnamdi Azikiwe International Airport, Abuja. According to a statement…
Read More » - Development
Sale of $700bn Nigerian minerals to US did not happen, says Alake
The Minister of Solid Minerals Development, Dele Alake, has rejected claims that Nigeria sold $700bn worth of solid minerals to the United States, saying the agreement between both countries was designed to attract investment, technology and expertise into the sector. Alake said the partnership involved no transfer of ownership of Nigeria’s mineral resources, describing the agreement as a framework for…
Read More » - National News
FG pays N1.2tn power sector debt, approves three transmission projects
The federal government has paid N1.2tn of the N2.3tn owed to operators in Nigeria’s electricity sector and approved three transmission projects to strengthen the national grid and improve power supply. The Minister of Power, Joseph Tegbe, disclosed this on Wednesday while briefing State House correspondents on the outcome of the Federal Executive Council meeting presided over by President Bola Tinubu…
Read More » - Economy
21 states adopt new tax law to curb multiple taxation
Twenty-one states have adopted a harmonised tax law aimed at ending multiple taxation, curbing illegal revenue collection and simplifying tax administration across the country. The Executive Secretary of the Joint Revenue Board (JRB), Olusegun Adesokan, disclosed this on Wednesday during a press briefing at the board’s headquarters in Abuja, adding that the reform had reduced more than 100 taxes and…
Read More » - National News
FG approves N70,000 monthly transport allowance for workers
The federal government has approved a monthly transport allowance of N70,000 for public service workers across all levels for six months, beginning in November 2026, as part of measures to ease the burden of rising living costs. The approval was reached during a conciliation meeting between the government and the leadership of the Nigeria Labour Congress (NLC) in Abuja on…
Read More » - Crime & City Diary
EFCC recovers additional $40m in Nestoil, Neconde debt probe
The Economic and Financial Crimes Commission (EFCC) has recovered an additional $40 million for a consortium of lenders in its investigation involving Nestoil Limited and Neconde Energy Limited, bringing total recoveries to $100 million. The latest recovery, made on October 19, 2026, follows an earlier payment of $60 million reported on August 17, as part of efforts to recover outstanding…
Read More » - Politics
INEC probes suspected AI-generated photos in voters’ register
The Independent National Electoral Commission (INEC) says it is investigating suspected AI-generated photographs in the preliminary register of voters published on its website, following public concerns over the integrity of the records. The commission said the online register released on October 26 was the same preliminary register displayed physically at Registration Areas nationwide from October 9 to 15 as part…
Read More » - Homeland News
Afenifere sets up committee for Fasoranti’s December 17 burial
The pan-Yoruba socio-political organisation, Afenifere, has constituted a committee to coordinate the burial arrangements for its late leader, Pa Reuben Fasoranti, ahead of his funeral scheduled for December 17, 2026. The committee was announced on Tuesday by the organisation’s Chairman of the National Executive Committee, Oba Olu Falae, at a meeting held at the deceased’s residence in Akure, Ondo State.…
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