In a major step toward affordable housing, the Lagos State Government has announced plans to implement monthly and quarterly rent payment options, targeting relief for low- and middle-income residents struggling with high upfront rent costs. The state’s Commissioner for Housing, Moruf Akinderu-Fatai, made the announcement during the 2025 Ministerial Press Briefing to mark Governor Babajide…
The Central Bank of Nigeria (CBN) has issued a fresh warning to the general public about the increasing circulation of fake contracts, fraudulent loans, and bogus financial grants falsely linked to the apex bank. In a statement released on Monday, CBN’s Acting Director of Corporate Communications, Mrs. Hakama Sidi-Ali, alerted Nigerians to the activities of…
The Federal Government has officially defended its decision to declare a state of emergency in Rivers State, citing a total collapse of governance, political instability, and attacks on vital oil infrastructure as the main reasons. This comes as a response to a lawsuit filed by 11 opposition PDP governors, who argue that the move was…
Former presidential candidate of the Labour Party, Mr. Peter Obi, has once again emphasized that the key to Nigeria and Africa’s progress lies in eliminating corruption and restoring integrity to governance. Posting on his X (formerly Twitter) handle on Sunday, Obi reflected on his recent engagement with African youth at the African Together Conference held…
In the ongoing money laundering trial involving former Kogi State Governor Yahaya Bello, the Federal High Court in Abuja has fixed June 26 for a crucial ruling on the Economic and Financial Crimes Commission’s (EFCC) application to cross-examine its own witness, Nicholas Ojehomon. The presiding judge, Justice Emeka Nwite, announced the date after hearing legal…
By Naija Blog Daily – May 8, 2025 | Economy | Public Finance The International Monetary Fund (IMF) has confirmed that Nigeria has fully repaid the $3.4 billion pandemic loan received in April 2020 under the Rapid Financing Instrument (RFI). The loan was part of emergency support during the peak of the COVID-19 economic crisis…
ABUJA – The Nigerian Senate on Wednesday passed two of the four Tax Reform Bills submitted by President Bola Ahmed Tinubu in 2024. The bills passed include: Nigeria Revenue Service (Establishment) Bill, 2025 Nigeria Tax Administration Bill, 2025 The decision followed a presentation by the Chairman of the Senate Committee on Finance, Senator Mohammed Sani…
In a major move to boost Nigeria’s economy and support local industries, President Bola Ahmed Tinubu has unveiled the “Renewed Hope Nigeria First Policy”, which bars government Ministries, Departments, and Agencies (MDAs) from purchasing foreign goods or services that are available locally — unless granted a written waiver by the Bureau of Public Procurement (BPP)….
President Bola Ahmed Tinubu is set to meet with the leadership of Nigeria’s electricity generating companies (GenCos) as the Federal Government scrambles to avert a potential collapse of the national power grid over a ballooning N4 trillion debt. This comes after an emergency meeting in Abuja between the Minister of Power, Adebayo Adelabu, and the…
Massive Corruption Uncovered in Port Harcourt, Warri, Kaduna Refineries’ Rehabilitation Funds The Economic and Financial Crimes Commission (EFCC) has launched a major corruption investigation into Nigeria’s multi-billion-dollar refinery rehabilitation projects. Recent findings reveal that over $2.9 billion earmarked for the revamp of the Port Harcourt, Warri, and Kaduna refineries may have been mismanaged, with N80…
