government finance

Oyebanji Unveils Ambitious N415.57bn Budget Proposal for 2026
Governor Biodun Oyebanji of Ekiti State has unveiled a proposed budget of N415.57 billion for the fiscal year 2026. During his presentation to the State...

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Politics Today
2 days ago2 days ago

Governor Biodun Oyebanji of Ekiti State has unveiled a proposed budget of N415.57 billion for the fiscal year 2026. During his presentation to the State House of Assembly members yesterday, he emphasized that this budget aims to build upon the significant progress achieved by his administration over the past three years. Termed the “Budget of...

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Tinubu Requests NASS Approval for $2.8 Billion Loan and $500 Million Sukuk to Power 2025 Budget
President Bola Ahmed Tinubu has formally sought the House of Representatives’ consent to secure .3 billion in fresh external loans and to refinance existing debt,...

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Politics Today
5 days ago5 days ago

President Bola Ahmed Tinubu has formally sought the House of Representatives’ consent to secure .3 billion in fresh external loans and to refinance existing debt, alongside launching a $500 million inaugural sovereign Sukuk on the global capital markets. This appeal was conveyed through a letter presented by Speaker Tajudeen Abbas during Tuesday’s House session. The...

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Edo State Greenlights Expanded N799bn Supplementary Budget for 2025!
The Edo State Executive Council has sanctioned an updated supplementary budget totaling N799.820 billion for the 2025 fiscal year, marking a significant rise from the...

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Politics Today
2 weeks ago2 weeks ago

The Edo State Executive Council has sanctioned an updated supplementary budget totaling N799.820 billion for the 2025 fiscal year, marking a significant rise from the original N675.220 billion. This adjustment reflects an increase of roughly N125 billion, equivalent to an 18 percent growth. This decision was reached during an urgent council session chaired by Governor...

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FIRS Boss Adedeji Defends Nigerian Government’s Borrowing Amid Revenue Boom
Zacch Adedeji, the Executive Chairman of the Federal Inland Revenue Service (FIRS), has articulated a robust defense of the Nigerian Federal Government’s ongoing borrowing strategy,...

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Politics Today
3 weeks ago3 weeks ago

Zacch Adedeji, the Executive Chairman of the Federal Inland Revenue Service (FIRS), has articulated a robust defense of the Nigerian Federal Government’s ongoing borrowing strategy, framing it as an essential and deliberate element of the nation’s economic policy rather than a sign of fiscal weakness. During a press briefing held at the State House on...

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Federal Government, States, and Partners Share Massive N2.225 Trillion August Revenue Windfall
During the September 2025 session of the Federation Account Allocation Committee (FAAC), led by the Minister of Finance and Coordinating Minister of the Economy, Mr....

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Politics Today
4 weeks ago4 weeks ago

During the September 2025 session of the Federation Account Allocation Committee (FAAC), led by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, a total of N2.225 trillion was distributed among the federal, state, and local governments as the federation allocation for August 2025. This allocation was derived from an overall...

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FG Reveals Nigerian Embassies Grappling with Unpaid Rent, Salary Arrears, and More
Financial Strains Impacting Nigerian Diplomatic Missions Overseas On September 1, 2025, the Ministry of Foreign Affairs publicly acknowledged that numerous Nigerian embassies and consulates worldwide...

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Business Updates
1 month ago1 month ago

Financial Strains Impacting Nigerian Diplomatic Missions Overseas On September 1, 2025, the Ministry of Foreign Affairs publicly acknowledged that numerous Nigerian embassies and consulates worldwide are currently grappling with significant financial difficulties. According to spokesperson Kimiebi Imomotimi Ebienfa, these diplomatic outposts are burdened by outstanding rental payments, delayed salaries for locally employed staff, and other...

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