News as it breaks
The Court of Appeal sitting in Abuja has overturned a previous ruling by the Federal High Court in Port Harcourt, granting First Bank of Nigeria (FBN) a significant legal victory in its ongoing $225.8 million debt dispute with General Hydrocarbons Limited (GHL) over crude oil cargo aboard the FPSO Tamaru…
The Lagos State Government has unveiled plans to raise N214.8 billion through bond issuance within five days, marking a bold step in bridging the state’s growing infrastructure funding gap. The announcement was made on Friday during the “Investment Forum and Engagement with Mr. Governor”, hosted by the Ministry of Finance…
The Federal Government has reaffirmed its commitment to the full implementation of the new Tax Reforms Act, which is scheduled to take effect on January 1, 2026, despite mounting opposition from key players in the aviation sector and international bodies. Speaking at a virtual business forum held on Thursday, stakeholders…
The Federal Government of Nigeria has announced that about 80 percent of the 2024 budget has been executed, with critical infrastructure and development projects still ongoing across the country. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this update on Wednesday during a meeting with the…
The Presidency has announced sweeping tax reforms designed to simplify Nigeria’s tax system, boost investment, and strengthen fiscal stability. In a statement issued by the Personal Assistant on Special Duties to the President, Kamorudeen Yusuf, it was revealed that President Bola Tinubu signed the reforms into law on June 26,…
Vice President Kashim Shettima has called for a unified national approach to skills acquisition, emphasizing that siloed efforts are no longer acceptable in the push to equip Nigerians with relevant, future-ready skills. Speaking at the 7th meeting of the National Council on Skills (NCS) held Tuesday at the Presidential Villa…
In a strategic move to boost regional livestock trade and address long-standing challenges in the red meat value chain, the Economic Community of West African States (ECOWAS) has officially launched the second phase of the West Africa Livestock Marketing Support Program (PACBAO). The initiative is being implemented with the technical…
Nigerian men traveling without family members are no longer eligible for tourist or transit visas to Qatar, following new entry restrictions imposed by the Qatari Ministry of Interior. The policy, which came into effect on September 5, 2025, applies to both new and pending visa applications, effectively barring solo male…
At least 15 Memoranda of Understanding (MoUs) are expected to be signed during the ongoing 5th session of the Nigeria–Angola Bilateral Economic Joint Commission (BEJC), which officially opened on Tuesday, September 9, in Luanda, Angola. Speaking at the opening session, Nigeria’s Minister of State for Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu,…
“The issue of ‘proliferation’ undermines the sovereignty of the law. Our specialization enhances expertise and drives economic efficiency, aligning with global trends,” the statement read. The Chartered Institute of Treasury Management (CITM) has responded to recent comments made by the President of the Institute of Chartered Accountants of Nigeria…
