BUSINESS
Finance Bill: “Implementation date will be announced soon” – FG
The Ministry of Finance on Tuesday said that the take-off date for the implementation of the newly signed Finance Law would be announced in due course. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, said this in a statement issued by her Media Adviser, Yunusa Abdullahi. Abdullahi in the statement said that a large sum of money realised...
Abia State Proposes N750.3 Billion Budget For 2025
Governor Alex Otti has presented the 2025 Budget of Abia State to the House of Assembly, proposing a total outlay of N750.3 billion, a 30% increase from the 2024 budget. Dubbed the “Budget of Sustained Momentum,” the governor emphasized that 82% of the budget would be allocated to capital projects, while 18% would cover recurrent expenditures. Key allocations include N611.7...
Prices Of Bread To Soar As Bakery Owners Threaten Nationwide Strike Over Increasing Production Cost
Premium Breadmakers Association of Nigeria (PBAN), comprising owners, Managing Directors and Partners of premium bakeries in Nigeria, have concluded plans to embark on four-day warning strike beginning from Thursday July 21, 2022. The bread makers to...
Tinubu Appoints Adedeji Acting Chairman Of FIRS
President Bola Tinubu has appointed Zacch Adedeji as the acting chairman of the Federal Inland Revenue Services (FIRS). Until his recent appointment, Adedeji was formerly the special adviser to Tinubu on revenue. He was a former Commissioner of Finance during the administration of later Governor of Oyo State, Abiola Ajimobi. Adedeji, a certified accountant who hails from the Iwo-Ate area of Ogo-Oluwa...
NFEM Records Dollar Strengthening Against Naira At Exchange Rate Today
The Nigerian Foreign Exchange Market (NFEM) recorded a strengthening of the Naira against the US Dollar on October 28, 2025, while the parallel market rate maintained a relatively stable position. Currency traders and businesses are closely monitoring the market dynamics following recent CBN interventions and policy adjustments. As of the latest reporting time today, the official exchange rate in the...
Sir Udensi Urges Patronage, Support To Made-In-Aba Products
Interpol Systems Consultant, Sir Chikwe Udensi has advised Nigerians to be contented with made in Nigeria products. Udensi gave the advice on Saturday while addressing Journalists in Abuja on the 2021 Made-in -Aba Trade Fair, exhibition which has become an important annual feature in the Federal Capital Territory (FCT) business promotion calendar in the country. He told newsmen, that some of...
FG To Restructure FIRS, Mulls New Name
The Minister of Finance, Budget and Economic Planning, Zainab Ahmed, has disclosed plans to restructure the Federal Inland Revenue Service (FIRS). The minister while appearing before the Senate Committee on Finance said the restructuring would see the name of the service changed to the Nigeria Revenue Service. The change, which is part of the 2022 Finance Act that was passed by...
Nigerians To Pay Double In Phone Call, Data As FG Implements New Telecom Tax
Call and data tariffs may increase by as much as 100 per cent if plan by the federal government to hike consumption tax on telecom services scales through. ABN TV reports that the federal government had recently disclosed plan to implement a 5 perce...
Nigeria, Equatorial Guinea Sign Gas Pipeline Deal
Nigeria and the neighbouring Equatorial Guinea have sealed a deal on the Gulf of Guinea Pipeline Project, further affirming the partnership for mutual development, Nigeria's presidency announced on Thursday. Nigerian leader, Bola Tinubu and his Equatorial Guinean counterpart, Teodoro Mbasogo signed the agreement on Wednesday evening in Malabo, spokesman of Tinubu, Mr. Ajuri Ngelale said in a statement on Thursday. The...
1,500 Staff Redeployed From CBN Headquarters Resume Duty In Lagos
At least 1,500 members of staff of the Central Bank of Nigeria will on Friday resume at its Lagos office following their redeployment from the headquarters in Abuja. A source at the apex bank told our correspondent exclusively that the plan, though heavily criticised, was still in motion, and affected staffers would be resuming on Friday. “Yes, the plan is still...
