The Federal Government has announced plans to regularise electricity tariffs in a bid to address disparities in the current billing system as well as encourage investment in the power sector. The Minister of Power, Adebayo Adelabu, made this known at the ongoing public presentation of the National Integrated Electricity Policy and Nigeria Integrated Resource Plan…
The Nigerian government, through the Federal Inland Revenue Service (FIRS), has asked the Federal High Court in Abuja to order Binance Holdings Limited to pay $79,514,055,594.40 and N231 million for economic losses allegedly caused by its operations in Nigeria, as well as $2,001,000,000 in income tax for 2022 and 2023. These monetary demands and alleged…
The Federal Government of Nigeria has called on traders across the country to reduce the prices of foodstuff in the market. The call by the Federal government comes shortly after it was announced that the inflation rate of the nation had dropped to 24.48 percent. Speaking during the 2025 Wheat Farmers Green Field Day at…
The Nigeria Labour Congress (NLC) has reached an agreement with the federal government to temporarily suspend its planned nationwide protest against the 50 percent increase in telecommunications tariffs. Following a meeting on Monday with government representatives, NLC leadership, led Joe Ajaero, president of the congress, agreed to delay the protest for two weeks. As part…
The Federal Government says plans are ongoing to increase electricity tariffs “over the next few months”. It, however, said that the planned increase needed to be balanced by subsidies for less-affluent electricity users. Bloomberg quoted the Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, as giving this hint at the Africa Heads of…
The Federal Government has announced plans to deliver 100,000 social housing units for vulnerable groups across all 774 Local Government Areas (LGAs). The Minister of Housing and Urban Development, Ahmed Dangiwa, revealed this during his presentation at the 4th Edition of the Real Estate Future Forum in Riyadh, Saudi Arabia, on January 29, 2025. Dangiwa…
The Federal Government has announced plans to distribute N75,000 cash transfers to an estimated 70 million ‘poorest of the poor’ Nigerians by 2025. This was disclosed by Prof. Nentawe Yilwatda, Minister of Humanitarian Affairs and Poverty Reduction, during his appearance on The Morning Show on Arise Television on Wednesday. Prof. Yilwatda revealed that the ministry…
The Federal Government has commenced the payment of the delayed November 2024 salaries for civil servants. The delay followed a disruption attributed to the ongoing migration from the Integrated Personnel and Payroll Information System to the Government Integrated Financial Management Information System. According to PUNCH, the delay also affected Ministries, Departments, and Agencies, which temporarily…
The Office of the Accountant-General of the Federation (OAGF) has assured Rivers State that it will continue to receive its federal allocations pending the outcome of ongoing legal appeals. This development comes amid heightened tension over a Federal High Court ruling that questioned the legitimacy of the state’s 2024 budget and legislative processes. Bawa Mokwa,…
The Nigerian Government has said the arrest of Simon Ekpa, a Nigerian-Finnish citizen and a leader of the proscribed Indigenous People of Biafra (IPOB) followed sustained diplomatic pressure on Finland, to take action against his activities, linked to violence and instability in the South-East of Nigeria. Nigeria’s Ministry of Foreign Affairs said this while confirming…