The Nigerian government has recorded a 40% rise in its quarterly revenue, reaching ₦6.9 trillion in Q1 2025, as part of a broader fiscal reform effort aimed at improving transparency, accountability, and economic growth. Finance Minister and Coordinating Minister for the Economy, Wale Edun, revealed the figures at a public engagement session in Abuja, noting…
Nigeria’s Federal Government, along with state and local authorities, has received a total allocation of ₦1.659 trillion from the Federation Account Allocation Committee (FAAC) for revenue accrued in May 2025, officials confirmed on Wednesday. The revenue breakdown was made public following FAAC’s monthly meeting held in Abuja, with Bawa Mokwa, Director of Press and Public…
George Onafowokan, Managing Director of Coleman Wires and Cables, has praised the economic policies of President Bola Tinubu, describing them as bold corrective measures that have started to reposition Nigeria’s economy on a sustainable growth trajectory. In remarks released on Sunday, Onafowokan acknowledged that the past year had been particularly challenging for the private sector….
The United States (U.S.) seeks normalisation of relations with the new government of Syria, U.S. President Donald Trump said on Wednesday. “We are currently exploring normalising relations with Syria’s new government as you know, beginning with my meeting with President Ahmed Al-Sharaa,’’ Trump said at the Gulf-US Summit in Riyadh. The meeting between Trump and…
The German Government is concerned about the possible effects of planned U.S. tariffs on steel and aluminium imports on Germany’s export-oriented economy, a spokesman for the economy ministry told journalists on Monday. The European Union (EU) and Berlin continue to work to prevent the 25 per cent tariffs, the spokesman said. This was after U.S….
Sudan’s Foreign Ministry has announced plans for a return to civilian rule in the country. The foreign ministry said this in a statement posted on X on Monday, after the national army gained ground in its conflict with the Rapid Support Forces (RSF) militia. A strategic plan for the post-war phase has been developed under…
Thousands of people in Slovakia took to the streets on Sunday to protest against the government led by Prime Minister Robert Fico, with the largest demonstration taking place in Bratislava. Opposition media reported that between 17,000 and 18,000 people participated in the rally in the capital. The protests, organised by two liberal and one conservative…
Ukrainian Foreign Minister, Dmytro Kuleba, is also leaving his post as part of a major government reshuffle after two and a half years of war. The 43-year-old career diplomat took over the Foreign Ministry in 2020, before Russia launched its invasion of Ukraine. Parliamentary Speaker Ruslan Stefanchuk on Wednesday posted a photograph on his Facebook…
