Federal Government Approves ₦70,000 Monthly Transport Allowance for Public Workers
The Federal Government has approved a ₦70,000 monthly transport allowance for public servants for six months following conciliation talks with the NLC.
Tag: Economy
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Tinubu Seeks Senate Approval for $20.5bn and €1.045bn Foreign Loans to Finance Infrastructure
President Bola Tinubu has asked the National Assembly to approve $20.52bn and €1.045bn in foreign loans to fund critical infrastructure.
APC Clarifies President Tinubu Never Set Deadline to Eradicate Poverty
The APC has clarified that President Bola Tinubu never set a specific deadline to eradicate poverty, asking Nigerians to assess his performance after eight years.
Nigerians Who Refuse to Return Funds Risk 5–10 Years in Prison — CBN
The CBN has warned that Nigerians who refuse to return wrongly deposited bank funds face up to 10 years in prison, prioritizing financial accountability.
“Fix Your Electricity”: Shettima Tells 36 Governors to Stop Relying on FG
Vice President Kashim Shettima has told 36 state governors to stop depending on the Federal Government and establish independent electricity markets under the Electricity Act 2023.
Nigeria’s Passport Drops to 181st Position as Visa-Free Access Shrinks
Nigeria’s passport dropped to 181st position globally in the latest IziVisa index as visa-free travel access shrank to 24 countries.
US Inflation 2026 Hits Two-Year High as Oil Prices Surge
Rising fuel costs are driving a sharp increase in US inflation. US inflation has climbed to its highest level in nearly two years, as energy prices surge amid geopolitical tensions. Data from the U.S. Department of Labor shows consumer prices rose 3.3% in the 12 months to March, up from 2.4% in February. The rise…
Tinubu Sets Up High-Level Team to Tackle N4tn Contractor Debt
President Bola Tinubu has created a high-level committee to address the contractor debt crisis after learning that the federal government owes about N4 trillion to nearly 2,000 contractors. Moreover, the President expressed strong displeasure over the scale of the backlog and demanded an urgent, coordinated solution. Tinubu Unhappy With Rising Contractor Debt Bayo Onanuga, Special…
Sanwo-Olu Presents N4.2tn Lagos Budget for 2026
Governor Babajide Sanwo-Olu has presented a N4.237 trillion Lagos budget for the 2026 fiscal year. He delivered the proposal on Tuesday before the Lagos State House of Assembly. The session drew top government officials, traditional leaders, and civil society representatives. Sanwo-Olu began his address at about 1:25 p.m. He explained that the budget, tagged “Budget…
Tinubu Names John Nwabueze as Tax Ombudsman
The Federal Government has appointed Dr. John Nwabueze as the Tax Ombudsman, in accordance with the Joint Revenue Board of Nigeria (Establishment) Act, 2025. This appointment aligns with President Bola Tinubu’s commitment to implementing sustainable reforms in Nigeria’s tax and revenue administration system. Nwabueze’s Experience and Background Before his appointment, Dr. Nwabueze served as Managing…