President Bola Tinubu has approved the cancellation of $1.42 billion and N5.57 trillion ($3.85 billion) in debts owed by state oil firm NNPC Ltd to the government, the Presidency said on Monday. The decision is part of Tinubu’s push to clean up NNPC’s books and boost transparency as Africa’s top oil producer deals with weak…
State-owned energy company of top African oil producer Nigeria, the Nigerian National Petroleum Company (NNPC) Limited plans to sell stakes in some of its oil and gas assets and has called for bids, according to an invitation document seen on Monday. NNPC owns some assets outright and others in partnership with international oil companies, including…
The Federal Inland Revenue Service (FIRS) has clarified that the National Identification Number (NIN) issued by the National Identity Management Commission (NIMC) has automatically become the Tax Identification Number (Tax ID) for individual Nigerians under the new tax framework. NIN is a unique number issued by NIMC. Data released by the National Identity Management Commission…
The Bureau of Public Service Reforms (BPSR) has named the Nigerian Communications Commission (NCC) among the top three Ministries, Departments and Agencies (MDAs) of the Federal Government with the Best Ranking in Website Performance for 2025. This is coming barely three weeks after the telecom regulator was recognized as one of the top five best-performing…
The House of Representatives Committee on Public Accounts has given the Central Bank of Nigeria (CBN) till January 19, 2026 to conclude all ongoing reconciliation with the Ministry of Finance and the Fiscal Responsibility Commission (FRC) over alleged unremitted revenues into the Federal government Account. Chairman of the Committee, Bamidele Salam, gave the directives yesterday…
The Central Bank of Nigeria (CBN) has revoked the operational licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc. In a statement, CBN Acting Director, Corporate Communications Department, Mrs Hakama Sidi Ali said the action is part of its efforts to re-position the mortgage sub-sector and promote a culture of…
The Federal Government has called for intensified Public-Private- Partnership (PPP) towards the revitalisation of 38 moribund livestock legacy facilities across the six geopolitical zones in the country. Minister of Livestock Development, Alhaji Idi Maiha, made the call at the Specialised Training on PPP organised by the ministry in Abuja. He identified some of the facilities…
The Federal Government of Nigeria has secured a $1 billion innovation fund to support start-ups operating in the marine and blue economy sector, as the country intensifies efforts to diversify its economy away from oil. The Chief Executive Officer, Maritime Innovations Hub, Mrs Ronke Kosoko, disclosed during a press conference organised in collaboration with the…
By Bayo Onanuga NIGERIA’s so-called opposition politicians, comprising some of those left in a dying political party and a sprinkling of some failed political office aspirants regrouping in a platform struggling to find its bearings, are amusing lots. They blow hot air, seek scapegoats for their failure and move to confuse the polity in a…
