NESG Warns: VAT Hike Removal Could Slash Government Revenue
The Nigeria Economic Summit Group (NESG) has warned that the Federal Government may struggle with revenue shortfalls if it does not increase the Value-Added Tax (VAT) rate as part of…
FG’s Deficit Soars to N12.95tr, Overshoots Budget by 41%
The Federal Government recorded a budget deficit of N12.95 trillion in 2024, surpassing its projected N9.16 trillion deficit by 41%, according to data from the Central Bank of Nigeria (CBN).…
Tinubu Dismisses Kyari, NNPCL Board, Appoints Engr. Ojulari as New GCEO
President Bola Tinubu has dismissed the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, along with the board chairman, Pius Akinyelure and other…
Tinubu Extends Tenure of Immigration CG
President Bola Tinubu has approved the extension of the tenure of Comptroller-General of the Nigeria Immigration Service (NIS), Mrs. Kemi Nanna Nandap, until December 31, 2026. The announcement was made…
Rainstorm Wreaks Havoc in Kwara, Damages 200 Homes and Schools
A powerful windstorm on Sunday evening destroyed over 200 houses, schools and electric cables in Ilorin, the Kwara State capital, and Ogele/Eyenkorin in Asa Local Government Area. The storm, which…
NSIA Boosts Net Assets to N4.35 Trillion
The Nigeria Sovereign Investment Authority (NSIA) has announced its financial results for 2024, showing significant growth despite global economic challenges. The agency’s net assets nearly doubled, rising by 96% to…