News

State governments across Nigeria earmarked a combined ₦525.23 billion for security votes and related operations between 2023 and 2025, according to an analysis of approved budget documents. The figures, extracted...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigeria Revenue Service (NRS) have agreed to deepen collaboration aimed at improving revenue collection for the Federation. The agreement was reached...

Sources say the New York City mayor and the former president have been in regular, friendly contact since a November White House meeting Mayor Zohran Mamdani and former US President...

Uyo — Akwa Ibom State Governor, Umo Eno, has directed commissioners and heads of Ministries, Departments and Agencies (MDAs) to present detailed scorecards of their stewardship, highlighting achievements recorded in...

Nigeria’s spending on imported refined petroleum products has dropped sharply by 54 per cent within two years, falling from $14.58bn in the first nine months of 2023 to $6.71bn in...

Nigeria’s downstream petroleum market is sliding deeper into a price war, with several filling stations now selling Premium Motor Spirit (PMS) below the N739 per litre benchmark set by the...

Federal Reserve Chair Jerome Powell has sharply criticised what he described as an “unprecedented” criminal investigation opened against him by the US Department of Justice (DoJ), warning that the independence...

This development contradicts earlier budget preparation guidelines which instructed MDAs to roll over 70 per cent of their 2025 capital allocations into 2026 and refrain from introducing new projects. New...

The Federal Government is set to unveil a renegotiated agreement with the Academic Staff Union of Universities (ASUU), aimed at ending recurring strikes in Nigeria’s public universities. When and Where...

Bank NameLicense TypePaid-Up Capital TargetStatusNotes / Next StepsAccess BankInternational₦500B✅ SecuredFully recapitalizedZenith BankInternational₦500B✅ SecuredFully recapitalizedGTBankInternational₦500B✅ SecuredFully recapitalizedUBAInternational₦500B✅ SecuredFully recapitalizedFirst BankInternational₦500B✅ SecuredFully recapitalizedFidelity BankInternational₦500B✅ SecuredFully recapitalizedFCMBInternational₦500B⚠️ Almost ThereNational license secured; international pendingWema...