Enugu State Governor Peter Mbah has revealed that the state received N230 billion from the Federal Account Allocation Committee (FAAC) in 2025, exceeding the N150 billion projected in the 2025 Enugu State budget. Speaking during the presentation of the 2026 budget to the State Assembly on Tuesday in Enugu, Governor Mbah said the 2025 budget…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially launched the Nigeria 2025 Licensing Round, marking a key step in the Federal Government’s efforts to expand investment in the oil and gas sector. At a press briefing in Abuja, NUPRC Chief Executive, Gbenga Komolafe, unveiled the dedicated bid portal: br2025.nuprc.gov.ng. The round, approved by President…
The National Bureau of Statistics (NBS) has reported that Nigeria’s Gross Domestic Product (GDP) grew by 3.98 per cent in real terms in the third quarter of 2025 compared to the same period in 2024. The growth rate is slightly higher than the 3.86 per cent recorded in Q3 2024 but below the 4.23 per…
The Kaduna State Internal Revenue Service (KADIRS) says it is projecting about N85 billion in internally generated revenue (IGR) by the end of 2025, as it intensifies efforts to build a fair, transparent and technology-driven tax administration system. KADIRS Executive Chairman, Mr. Jerry Adams, disclosed this on Monday at the 2025 KADIRS Tax Dialogue held…
Gov Siminalayi Fubara of Rivers State has described the state as a safe haven for investments in the oil and gas sector, emphasizing its crucial role in the region’s economic development. Speaking at an oil and gas summit in Port Harcourt on Tuesday, Fubara, represented by Dr. Benibo Anabraba, the Secretary to the State Government,…
The National Bureau of Statistics (NBS) has reported a decline in prices of major food items, including beans, garri, maize, and tomatoes, in September 2025. This is contained in its Selected Food Prices Watch report released on Tuesday. The report shows that the average price of 1kg of brown beans fell by 33.7% year-on-year from…
The Central Bank of Nigeria (CBN) has maintained the Monetary Policy Rate (MPR) at 27 per cent, following the 303rd meeting of its Monetary Policy Committee (MPC). CBN Governor Yemi Cardoso said the committee also retained the Cash Reserve Ratio (CRR) at 45 per cent for commercial banks, 16 per cent for merchant banks, and…
The Federal Government is set to reform Nigeria’s land administration system to unlock an estimated $300 billion in untapped capital, the Minister of Housing and Urban Development, Mr. Ahmed Dangiwa, has said. Speaking at the 30th Conference of Directors of Lands in Federal and State MDAs, themed “Nigeria Land Titling, Registration and Documentation Programme (NLTRDP):…
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has reported a Profit After Tax (PAT) of N5.4 trillion on a revenue of N45.1 trillion for 2024, marking a 64 per cent increase from the N3.3 trillion PAT recorded in 2023. Mr Bashir Ojulari, Group Chief Executive Officer of NNPC Ltd., disclosed the results on Monday…
United Nigeria Airlines (UNA) has announced the launch of direct flights from Lagos and Abuja to Gen. Tunde Idiagbon International Airport, Ilorin, starting 5 December. The airline made the disclosure on Monday in a statement signed by its Public Relations Officer, Chibuike Uloka, in Lagos. He said the new route reflects UNA’s commitment to enhancing…
