The federal government, yesterday, revealed that it collected a total of N14.27 trillion in tax revenues between January and June this year, achieving 43 per cent increase from N9.98 trillion realised in the first half of 2024. The revenue collection performance also substantially exceeded the baseline growth target of 16.4 per cent. According to a report by the presidency, non-oil tax collection grew by 44.2 per cent to N10.64 trillion in June, compared to N7.37 trillion in same period of 2024. The revelation came as Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, welcomed Nigeria’s 2024…
Author: Reporter
Ahead of the National Executive Council meeting of the party scheduled to hold today, Thursday, President Bola Tinubu on Wednesday evening held a closed-door meeting with governors elected on the platform of the All Progressives Congress. Chairman of the Progressive Governors’ Forum, Hope Uzodimma; Governor Babajide Sanwo‑Olu of Lagos; Governor Biodun Oyebanji of Ekiti; and Governor Dapo Abiodun of Ogun were among those who arrived early for the meeting held at the presidential banquet hall of the Aso Rock Villa. Wednesday’s meeting allowed Tinubu to brief the APC governors on his position ahead of the NEC meeting. The meeting was held…
ABUJA Founding leaders of the Peoples Democratic Party, PDP, have endorsed the emergence of a presidential candidate from the southern Nigeria ahead of the 2027 general elections. According to them, the move is vital to restoring the party’s core principles of justice, equity, and national unity. Speaking at the PDP Founding Fathers’ National Restoration Conference held in Abuja, yesterday, , Prof. Jerry Gana, former Minister of Information and a key founding figure, made a strong case for zoning the 2027 presidential ticket to the South. Other prominent speakers included former Senate President Bukola Saraki, Bauchi State Governor and Chairman of…
Former Vice President Atiku Abubakar, has warned against threats to opposition leaders in the country. Atiku, via a post on his X handle on Tuesday, stated that any threat against Labour Party’s 2023 presidential candidate, Peter Obi, is a threat to all opposition figures. He wrote, “Let it be known that a threat against Peter Obi or any of us is a threat against all of us!” The former vice president’s reaction followed comments by Edo State Governor, Monday Okpebholo, who, while addressing supporters at a rally in Benin City last Friday, warned Obi to obtain security clearance before visiting…
Super Falcons defender Michelle Alozie emerged as the hero on Tuesday as her late goal secured Nigeria a place in the final of the Women’s Africa Cup of Nations (WAFCON). The dramatic moment came in the dying minutes of the tightly contested semifinal clash against hosts Morocco, with both sides locked in a tense battle for supremacy. The goal silenced the home crowd and lifted the Nigerian bench, as the Super Falcons celebrated what could be their most important goal of the tournament so far. More details to come..
The Central Bank of Nigeria, CBN, through its Monetary Policy Committee (MPC), has retained the Monetary Policy Rate at 27.5 per cent. The MPR is used to benchmark interest rates in the country and the decision is the third time the regulator is retaining the MPR in 2025. The Governor of the apex bank, Olayemi Cardoso, announced this on Tuesday at the end of the committee’s 301st meeting in Abuja. Cardoso also disclosed that the CBN retained the asymmetric corridor around the MPR at +500/-100 basis and other parameters. He said the Committee voted to retain Monetary Policy Rates at…
The Universal Basic Education Commission (UBEC) is worried that the N250 billion intervention funds disbursed to state governments are still being retained as unutilized in the coffers of the 36 States Universal Basic Education Boards (SUBEBS) & Federal Capital Territory (FCT-UBEB). It said the basic challenge is still not only accessing the UBE matching grant, but failure of some of the state governments to properly utilize the fund for the purpose of development of infrastructure and improvement on the teaching and learning conditions in schools across the country. The Executive Secretary of the Commission, Aisha Garba, disclosed this yesterday while declaring…
ABUJA The Nigerian senate has approved the 2025-2026 external borrowing plan of $21.5 billion presented by President Bola Tinubu for consideration. Also approved was a loan request of 15 billion Japanese Yen and 65 million Euros grant. The Senate also approved the issuance of Federal Government Bond of N757 billion for payment of accrued rights pension arrears as at December 2023 for the Contributory Pension Scheme (CPS). The Upper Chamber also approved President Tinubu’s request for capital raising of up to $2 billion through a foreign-currency-denominated instrument in the domestic market. The approval yesterday was sequel to the presentation and…
The National Assembly complex in Abuja became a movie theatre today, July 22, 2025, as Senator Natasha Akpoti-Uduaghan was barred from entering the premises despite a court ruling in her favour purportedly. There are however discordant opinion on the veracity of that ruling if it indeed instructed the Senate to readmit the legislator or merely expressed and opinion which may not be legally binding. Akpoti-Uduaghan, representing Kogi Central Senatorial District, had announced her intention to resume plenary, citing a Federal High Court judgment that described her six-month suspension as excessive and unconstitutional. Upon her arrival at the National Assembly, Akpoti-Uduaghan…
No doubt, despite going through many reviews, the 1999 Constitution of the Federal Republic of Nigeria has often been criticized as an instrument bequeathed to Nigeria by the military. Notwithstanding, the National Assembly has not relented at getting the task of delivering a new constitution done for the country, with a focus on addressing various issues, including federal structure and power devolution, local government autonomy, and strengthening the electoral process. Interestingly, in a bold move, Governors Lucky Aiyedatiwa of Ondo, Ademola Adeleke of Osun, and Biodun Oyebanji of Ekiti have jointly advocated the need for true federalism and state police…