The International Monetary Fund (IMF) has commended Nigeria’s ongoing fiscal reforms and urged the country to adopt smarter spending strategies alongside stronger tax systems to sustain economic stability. Davide Furceri, Division Chief, Fiscal Affairs Department at the IMF, made this known during a news conference on the Fiscal Monitor held on Wednesday in Washington D.C.,…
The National Pension Commission (PenCom) says it is finalising arrangements to pay all outstanding pension liabilities under the Contributory Pension Scheme (CPS) before December. PenCom’s Director-General, Ms. Omolola Oloworaran, disclosed this on Wednesday in Lagos during the opening of a two-day sensitisation workshop for employees and pension desk officers. The event was organised in collaboration…
The Federal Capital Territory Administration (FCTA) has commenced the construction of the main carriageway of the Outer Southern Expressway (OSEX), from Ring Road I Junction to Ring Road II in Abuja. The Minister of the Federal Capital Territory (FCT), Nyesom Wike, who inaugurated the project on Wednesday, said the road would ease traffic congestion along…
The Federal Government has commended inmates of the Kuje Medium Security Custodial Centre for their commitment to skill acquisition and reformatory programmes aimed at rehabilitation and successful reintegration into society. The Minister of Interior, Dr. Olubunmi Tunji-Ojo, gave the commendation during a visit to the custodial centre on Wednesday. Tunji-Ojo said the visit was part…
The Federal High Court in Abuja has fixed November 12 for ruling on a motion filed by Binance Holdings Limited seeking to nullify the substituted service of court documents served on it by the Federal Inland Revenue Service (FIRS). Justice Mohammed Umar fixed the date after lawyers representing both parties adopted their processes and argued…
Sheikh Abdulrahman Al-Thani, Chairman of the Future Union Group and member of Qatar’s ruling family, has announced plans to invest substantially across several sectors of Nigeria’s economy in support of the country’s development agenda. Speaking at a press briefing in Abuja on Wednesday, Al-Thani described Nigeria as Africa’s “future investment destination”, expressing optimism about the…
The Benue State Council of the Nigeria Union of Journalists (NUJ) has thrown its weight behind the state government’s N100 billion infrastructure development loan, describing it as a transformative initiative with the potential to boost key sectors of the state’s economy. In a communiqué issued at the end of its congress in Makurdi, signed by…
Nigeria’s trade surplus has risen to six per cent of Gross Domestic Product (GDP), according to the Central Bank Governor, Mr Olayemi Cardoso, signalling improved trade performance amid ongoing economic reforms. Cardoso made the announcement in Washington on Wednesday in a statement released by Mr Mohammed Manga, Director of Information and Public Relations at the…
Katsina State Governor Dikko Radda has reiterated that his administration will not negotiate with armed bandits but will continue to pursue peace through locally led initiatives aimed at restoring stability to affected communities. Speaking at the inauguration of 100 newly trained Community Watch Corps (C-Watch) personnel in Katsina on Wednesday, Radda said his government remains…
Nigeria’s lower legislative chamber has urged oil and gas companies operating in Imo State to comply with key provisions of the Petroleum Industry Act (PIA) 2021, citing widespread breaches of local content and host community development obligations. The call came after a motion of urgent national importance was raised by Rep. Chike Okafor, representing Ehime…
