Economy
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I didn’t spend N100b on Nigeria Air, only N3b was released, says Sirika
Former minister of aviation, Hadi Sirika has said the Nigeria Air project conceptualised by former President Muhammadu Buhari’s administration was a scam. Speaking on Channels Television’s Morning Brief on Tuesday, Sirika said the government followed due process in trying to execute the project. He said, contrary to claims that he spent N100 billion in the project, only about N3 billion…
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Nigeria records ₦20.59tn in non-oil revenues, strongest fiscal performance in decades
By Kunle Sanni – Nigeria’s non-oil revenues surged to ₦20.59 trillion between January and August 2025, marking a 40.5% increase from ₦14.6 trillion in the same period last year — the strongest fiscal performance in recent history, according to the Presidency. President Bola Tinubu, speaking in Abuja while receiving a delegation of the Buhari Organisation led by Senator Tanko Al-Makura,…
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Digital lending: FCCPC issues regulations to curb consumer abuses
The Federal Competition and Consumer Protection Commission (FCCPC), on Wednesday officially issued the Digital, Electronic, Online, or Non-Traditional Consumer Lending Regulations (DEON Consumer Lending Regulation), 2025, to address longstanding consumer complaints and a variety of issues. In a statement signed by Director, Corporate Affairs, Ondaje Ijagwu, the FCCPC said these include exploitative practices, data privacy violations, abusive loan recovery tactics,…
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In two years, we stabilised economy, regained global respect — Tinubu
By Kunle Sanni – President Bola Tinubu says Nigeria’s economy has stabilised and is now gaining global recognition, just two years after his administration launched sweeping economic reforms. Speaking at the State House on Tuesday while receiving the Soun of Ogbomosoland, Oba Ghandi Afolabi Oladunni Olaoye, and other royal fathers, Tinubu said decisive measures such as ending fuel subsidy, tackling…
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FG reaffirms commitment to deepen PTAD reforms
The Federal Government has reaffirmed its commitment to deepen Pension Transitional Arrangement Directorate (PTAD) reforms, strengthen institutional capacity and deliver transparent, accountable service for every pensioner. This was stated by Minister of State for Finance Doris Uzoka-Anite, when she visited the PTAD to launch the second edition of its Service Charter, themed ‘Renewed Commitment to Service Excellence’ in Abuja on…
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PHOTO NEWS: Minister of State for finance visits CBN to strengthen ties
In a bid to seek closer collaboration with the Bank, the Minister of State for Finance, Dr. Doris Uzoka-Anite, paid a working visit to the Central Bank of Nigeria (CBN). She was received by the Deputy Governor of Economic Policy, Dr. Muhammad Sani Abdullahi, and the Deputy Governor, Financial System Stability, Mr. Phillip Ikeazor.
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Finance Minister hails Customs’ ₦3.7trn revenue, unveils digital trade reforms
Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has reaffirmed the federal government’s commitment to modernising trade systems and boosting revenue, as the Nigeria Customs Service (NCS) continues to exceed expectations. Speaking at the 62nd meeting of the NCS Board in Abuja, Edun disclosed that Customs generated ₦3.7 trillion in the first half of 2025 —…
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Average retail price per litre of kerosene increases by 0.16% in July 2025, says NBS
The National Bureau of Statistics (NBS) on Wednesday disclosed that the average retail price per litre of Household Kerosene (HHK) paid by consumers in July 2025 was N2,196.19, showing an increase of 0.16 per cent compared to N2,192.63 recorded in June 2025. NBS in its “National Household Kerosene Price Watch” report stated that on a year-on-year basis, the average retail…
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FG, IFDC move to curb adulterated fertilizers, scale soil health scheme
By Kunle Sanni – Nigeria’s Minister of Agriculture and Food Security, Senator Abubakar Kyari, has stressed the need to strengthen agricultural input markets, expand last-mile delivery systems, and scale climate-smart soil fertility practices to boost smallholder farmers’ productivity. Speaking during a bilateral meeting with senior officials of the International Fertilizer Development Center (IFDC) on the sidelines of the Africa Food…
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FG to list DisCos, GenCo on stock exchange in multi-trillion naira push
The Federal Government is preparing to sell part of its shares in two electricity distribution companies (DisCos) and one generation company (GenCo), with plans to list them on the Nigerian Exchange (NGX). Director-General of the Bureau of Public Enterprises (BPE), Mr. Ayodeji Gbeleyi, disclosed this at his maiden press briefing in Abuja, explaining that the move is part of efforts…
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