Shell Nigeria Gas (SNG) and the government of Oyo State have inked a pact to construct a gas supply and distribution infrastructure aimed at servicing industrial and commercial entities within the state. This endeavor,...

President Bola Tinubu has secured an additional $600 million foreign investment for the expansion of the nation’s ports infrastructure to accommodate more container shipping services in Nigeria’s ports. The new $600 million investment, which...

The President of the African Development Bank, Akinwumi Adesina, has said that non-transparent resource-backed loans that complicate debt resolution and compromise countries’ future growth are undermining African economic potential. According to a statement from...

THE Minister of Marine and Blue Economy, Mr. Adegboyega Oyetola, has said that low investments, non-channelisation and dredging of navigable waterways have over the years hindered water transport in Nigeria. Speaking at this year’s...

Rivers State Governor, Sir. Siminalayi Fubara, has said that his administration operates a transparent accounting system disclosing that the state’s Internally-Generated Revenue (IGR) increased from about N13bn to N27bn monthly. Fubara spoke when he...

The Revenue Mobilization Allocation and Fiscal Commission has disclosed that a total sum of N7.3tn accrued into the Federation Account between July and December 2023, indicating an increased revenue inflow. It said the amount...

The Minister of Finance and the Coordinating Minister of Economy, Wale Edun, has disclosed that the revenues of government-owned enterprises, ministries, departments and agencies increased to N835.70bn in February. This figure indicates a growth...

The Chief Executive, Federal Inland Revenue Service (FIRS), Mr Zacch Adedeji, said that the organisation witnessed unprecedented progress in revenue collection, culminating in a remarkable achievement of N12.3 trillion in 2023. The chief executive,...

The Presidency on Tuesday said the concerted efforts of the Yemi Cardoso-led Central Bank of Nigeria aimed at stabilising the naira aligns with President Bola Tinubu’s “multi-faceted approach to ridding the nation’s foreign exchange...

The Central Bank of Nigeria on Monday stepped up its fight to boost foreign exchange liquidity in the economy with a new circular mandating Deposit Money Banks to stop the use of foreign currencies...